Equinor acquires 22.45% stake in Ceasar-Tonga asset from Shell fro $965m.

Equinor Gulf of Mexico, a subsidiary of Equinor acquires a minority stake of 22.45% of the non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico from Shell Offshore, a subsidiary of Royal Dutch Shell for $965m. The transaction represents Shell's focus on strategically positioning the deep-water business for growth and is consistent with its strategy to pursue competitive projects that deliver value in the 2020s and beyond. The sale contributes to Shell's ongoing divestment programme.