Norway’s Equinor said on Wednesday it has agreed to sell its assets in the U.S. Bakken oil province after a decade plagued with billions of dollars of losses and criticism at home for poor investment decisions. Equinor will sell its entire Bakken acreage, located in the states of North Dakota and Montana, to Grayson Mill Energy, a company backed by private equity firm EnCap Investments, for a total of around $900 million. “Equinor is optimising its oil and gas portfolio to strengthen profitability and make it more robust for the future,” chief executive Anders Opedal said in a statement. “We are realising proceeds that can be deployed towards more competitive assets in our portfolio, enabling us to deliver increased value creation for our shareholders,” he added. An exit from the Bakken, which the Norwegian […]