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Headlines

Equinor and partners to invest $2.1 billion in Norway oil, gas field

Published by Global Banking and Finance Review

Posted on June 26, 2025

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STOCKHOLM (Reuters) -Operator Equinor and its partners Vaar Energi and Inpex Idemitsu will invest more than 21 billion Norwegian crowns ($2.08 billion) to develop Norway's Fram South oil and gas field, the companies said on Thursday.

Production is scheduled to start at the end of 2029, Equinor said in a statement.

($1 = 10.0849 Norwegian crowns)

(Reporting by Jagoda Darlak, editing by Terje Solsvik)