News
05 December 2024

Shell and Equinor to form giant UK oil and gas JV

In:
Oil & gas
Region:
Europe

Shell and Equinor will merge their British offshore oil and gas assets into an equal joint venture.The venture, to be based in Aberdeen, Scotland, is expected to produce over 140,000 barrels of oil equivalent per day, with completion of the deal expected by the end of 2025.While the new entity would...

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