Equinor buys out Shell in Gulf of Mexico field
The Norwegian oil major expands its stake in the Caesar Tonga field in the Gulf of Mexico, buying out Shell, which initially planned to sell to another party. Equinor now holds almost half the field.
BY MATHIAS JULIUS FALKENGAARD
A major deal between oil giants Shell and Equinor is now officially approved by the US Bureau of Ocean Energy Management (BOEM).
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