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Shell and Equinor Form Joint Venture to Create Largest UK Oil Producer

Shell and Equinor are set to form Britain's largest independent oil and gas company through a joint venture, combining their U.K. offshore assets in Aberdeen. The new entity aims to produce over 140,000 barrels of oil equivalent per day by 2025, enhancing the U.K.'s energy security amid rising fiscal challenges in the sector. This strategic move is expected to leverage tax synergies and strengthen cash flow for both companies.
CNBC
British Pound Sterling Equinor ASA Shell plc GBR Philippe Mathieu Biraj Borkhataria
Finance & Economy, News Article
08:33 05.12.2024
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