Equinor Signs Deal With Chevron's Harmattan Energy Subsidiary To Acquire 17.4% Stake In Petroleum Exploration Licence 90 Offshore Namibia; Financial Terms Undisclosed
https://www.equinor.com/news/20260818-equinor-chevron-namibia-exploration-licence
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Why It Matters
Equinor bought a piece of an oil exploration project in Namibia from Chevron's subsidiary. This shows Equinor thinks there might be valuable oil to find there, so it's betting money on this chance.
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