Equinor ASA shares fall 1.06% intraday after Brazilian oil regulator ANP ordered a production halt at the floating production storage and offloading (FPSO) Peregrino.

Equinor ASA dropped 1.06% in intraday trading, with the company facing a production halt at the floating production storage and offloading (FPSO) Peregrino, operated by Equinor, due to regulatory requirements. The Brazilian oil regulator ANP ordered the halt to address necessary improvements in risk management documentation and adjustments to the deluge system, which could last three to six weeks. This event significantly impacted the stock price, as the Peregrino field represents a crucial asset for the Brazilian company currently acquiring Equinor's remaining stake.