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International Business Times
International Business Times
Business
AFP News

Shell, Norway's Equinor To Form Joint UK Oil And Gas Firm

Equinor Shell Oil United Kingdom Norway Greenpeace Scotland
Shell and Equinor say they are creating 'the UK North Sea's biggest independent producer' of oil and gas (Credit: AFP)

British energy giant Shell and Norway's Equinor announced plans Thursday to merge their UK offshore oil and gas assets to create a new jointly owned company.

Based in Aberdeen, Scotland, the joint venture "will be the UK North Sea's biggest independent producer", the energy sector heavyweights said in a statement.

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