On April 15, Norway's Equinor and US natural gas producer EQT announce an asset swap, enabling Equinor's exit from onshore US assets and EQT's global expansion.
Norway's Equinor and US natural gas producer EQT announce an asset swap on April 15, enabling Equinor's exit from onshore US assets, particularly in the Appalachian Basin. Equinor sells its assets to EQT, while EQT transfers its assets to Equinor. Equinor receives presence in Marcellus and Utica shale formations, while EQT expands its global portfolio. The deal is subject to regulatory approvals and to close in Q3 2021.
April 15, 2024
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