Norway's Equinor to cut $3 billion in coronavirus cost plan
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OSLO (Reuters) - Norwegian oil firm Equinor plans to cut investments, exploration drilling and operating costs by around $3 billion (2.5 billion pounds) to help weather the coronavirus crisis and low oil prices.Equinor, which had already suspended a $5 billion share buyback programme, said it would postpone U.S. onshore drilling, where it has invested billions of dollars in recent years, as part of Wednesday's plan.The new measures will allow its operations to be cash-flow neutral in 2020 at an..