Equinor to sell Bakken assets for $900m, slides to losses of $4.2bn in 2020
Equinor has reached a deal to sell its stakes in the Bakken field, onshore US, to Grayson Mill Energy, backed by EnCap Investments, for $900 million.
Unconventionals
Exxon SEC probe highlights concerns over inflated shale reserves
The Securities and Exchange Commission has been largely silent on the financial wreckage of the U.S. shale industry in recent years, but that may be about to change.
Conoco to buy Concho for $9.7bn to create shale giant
ConocoPhillips agreed to buy Concho Resources Inc. for about $9.7 billion in stock, the largest shale industry deal since the collapse in energy demand earlier this year and one that will create a heavyweight driller in America’s most prolific oil field.