Shell PLC (NYSE: SHEL) has finalized a deal with Equinor ASA (NYSE: EQNR) to merge their U.K. offshore oil and gas operations into a new company called Adura. The new company was launched on Monday ...
Shell and Equinor’s merger of their UK upstream portfolios will free the new independent entity from competing for capital with more profitable global portfolios, allowing it to extract the most from ...
LONDON (Reuters) -Shell's and Equinor's British joint venture, set to become the biggest oil and gas producer in the UK North Sea, will be named Adura, the companies said on Thursday. The joint ...
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UK North Sea oil merges its way through decline
The UK North Sea is being reshaped by consolidation at a pace not seen since the aftermath of the 2014 oil price crash. In the past twelve months alone, a series of mergers has concentrated more than ...
Deltic Energy PLC, a partner in the Shell-operated Selene prospect in the UK Southern North Sea, has increased its resource estimate for the License P2437 project. Deltic Energy PLC, a 25% partner in ...
LONDON, June 19 (Reuters) - Britain has issued tougher new environmental rules for fossil fuel projects with implications for the development of two vast North Sea oil and gas fields by Shell (SHEL.L) ...
UK North Sea assets are consolidating rapidly, with mergers involving Harbour Energy, TotalEnergies, Shell and Equinor concentrating over 500,000 boe/d of output as operators adjust their strategies ...
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