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Shell and Equinor to create Britain's largest independent oil and gas company in joint venture
Britain's Shell and Norway's Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.
Shell and Equinor to form UK oil and gas joint venture
Shell and Norway's Equinor will merge their British offshore oil and gas assets into an equal joint venture, they announced on Thursday. The venture, to be based in Aberdeen, Scotland, is expected to produce over 140,
Equinor and Shell to create the UK’s largest independent oil and gas company
Equinor UK Ltd, a subsidiary of Equinor ASA (OSE: EQNR, NYSE: EQNR, “Equinor”) and Shell UK Limited, a subsidiary of Shell plc (LSE: SHEL, NYSE:
Equinor and Shell to Merge U.K. Offshore Oil-And-Gas Businesses
The companies plan to merge their U.K. offshore oil-and-gas assets to form a new company focused on the North Sea, aimed at sustaining domestic oil-and-gas production to secure energy supply in the U.
Equinor, Shell to form jointly owned oil and gas producer in Britain
Norway's Equinor and Shell will combine their British offshore oil and gas assets to create a new company owned 50% each, the Norwegian group said on Thursday. "The new company is expected to produce over 140,
Shell and Equinor tie-up creates new UK oil and gas producer
Shell and Equinor tie-up creates new UK oil and gas producer - Shell said no jobs will be lost but that the deal was in recognition that the North Sea is ‘no longer the prolific basin that it once was’.
Shell, Equinor to combine assets to form UK's biggest independent oil and gas firm
British oil giant Shell (NYSE:SHEL) and Norway's state-run energy firm Equinor (NYSE:EQNR) will combine their U.K. offshore oil and gas assets to form a new company that will be the U.K.'s largest independent oil and gas producer.
14h
on MSN
Oil prices end lower as investors look to OPEC+ decision
U.S. oil futures finished lower Wednesday, as pressure from uncertainty a day ahead of a decision by major oil producers on ...
3h
Tullow Oil CEO Rahul Dhir to step down
West Africa-focused Tullow Oil said on Thursday Chief Executive Officer Rahul Dhir will step down and also resign from the ...
1d
Shale Oil Is More Likely To Boom Than Peak
New production from the Gulf of Mexico or Alaska will take years to materialize and, as mentioned, most shale drilling is on ...
11h
on MSN
Trump Loves Tariffs But Canada Can Strike Back on Oil, Ex-Trade Chief Says
The man who led Canada’s trade negotiating team during Donald Trump’s first term said the US President-elect “likes tariffs ...
18h
on MSN
U.S. Crude Oil Stockpiles Fall More Than Expected
U.S. crude oil inventories fell more than expected last week and product stocks saw a buildup as refineries ramped up their ...
19h
Russia, Pakistan discuss cooperation on oil and gas exploration, Ifax reports
Russia and Pakistan discussed cooperation on oil and gas offshore exploration and refining at intergovernmental meetings this ...
20h
on MSN
Oil Seen Below $60 by Middle of New Trump Term, Survey Shows
Banks are gearing up for US oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term in ...
1h
Why Trump Is a Wild Card for Saudi Arabia's Hold on Oil Markets
Saudi Arabia’s sway over OPEC long meant dominance of the global oil market. But the cartel’s fractious members are pushing to pump more, in part due to the expectation of growing competition from U.S ...
14h
on MSN
North Dakota governor charts his path to Interior with a rosy state oil and gas outlook
President-elect Donald Trump has given his choice for Interior secretary a mandate to “Drill baby drill,” and on Wednesday ...
1d
on MSN
Oil sees biggest daily gain in 2 weeks on bets OPEC+ will extend production cuts
Oil futures rose Tuesday as traders awaited a meeting of the Organization of the Petroleum Exporting Countries and its allies ...
E&E
23h
Trump gets second chance to drill ANWR. Will oil companies bite?
The Biden administration reversed course, freezing exploration for oil in ANWR, but President Joe Biden didn’t galvanize ...
Intellinews on MSN
1h
Czechia to open oil reserves after Russia halts Druzhba pipeline flows
By Albin Sybera The Czech state is prepared to lend up to 330,000 barrels equivalent to Orlen's Litvinov refinery from its ...
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