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Equinor (EQNR) Exits Suriname, Cuts International Footprint
EQNREquinor(EQNR) ZACKS·2024-08-12 21:26

Equinor ASA (EQNR) , along with Exxon Mobil Corporation (XOM) ,has announced its exit from Suriname Block 59. ExxonMobil, as the leader of the consortium, has transferred its ownership in Block 59 to Hess Corporation in a non-financial transaction. Equinor's decision to depart from the South American nation aligns with the company's broader objective to focus on a few core production areas, such as Norway, the U.S. Gulf of Mexico and Brazil. The company also intends to boost its investments in renewables an ...