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Benzinga
Benzinga
Business
Lekha Gupta

Shell, Equinor Form JV To Lead UK North Sea Oil Production

Equinor SHEL Shell Oil United Kingdom Adura North Sea
Berlin,Germany,September,10,,2024:,View,Of,A,Shell,Plc

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 and is expected to be the largest independent producer in the North Sea.

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