With the U.K. government clamping down on production from the North Sea, Shell and Equinor on Thursday said they would merge their oil and gas operations. The two companies say they will equally ...

The merger of Shell UK and Equinor's North Sea assets, while unexpected, is no shock. As global energy security remains volatile and some companies exit the North Sea, consolidation offers clear ...

Shell has said Britain’s oil industry is now “naturally declining” as it announced a significant overhaul of its North Sea assets. The oil and gas giant plans to combine its offshore ...

allowing it to extract the most from the declining North Sea basin, a Shell source told Upstream on Thursday. The UK entities of supermajor Shell and Norwegian energy major Equinor announced plans ...

Shell and Equinor have announced plans to merge their offshore oil and gas assets in the North Sea, forming a new company with 1,300 employees. The Aberdeen-based firm will be the largest oil and ...

The energy firms said the offshore deal - which is subject to regulatory approval - would see the creation of the North Sea's biggest oil and gas producer. Shell said there would not be any job ...

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Shell and Equinor have announced they plan to form a new company by combining their oil and gas assets in the North Sea. The energy firms said the offshore deal - which is subject to regulatory ...

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"But while North Sea drilling is making less and less commercial sense for companies like Shell and Equinor, it’s an even worse deal for the UK public," executive director Tessa Khan said.

Equinor ASA and Shell Plc will combine their UK offshore oil and gas assets to form a new company, which they said will be the UK North Sea’s biggest independent producer. The deal reflects the ...