Shell and Equinor JV Launches UK’s Top North Sea Producer

Shell and Equinor JV Launches UK’s Top North Sea Producer

Oil and gas majors Shell and Equinor have completed the transaction to combine their offshore UK oil and gas operations in a 50/50 joint venture, Adura, which will be UK’s largest independent North Sea producer, Shell said on Monday.  Adura was launched on December 1 and will be led by Neil McCulloch as chief executive officer, bringing more than 30 years of experience in the energy sector.   “A commitment to safety, a belief in the future of th…

Shell, Equinor Form JV To Lead UK North Sea Oil Production - Shell (NYSE:SHEL)

Shell and Equinor merge UK offshore operations to form Adura, projected to produce 140,000 barrels per day, becoming the largest independent North Sea producer in 2026.

Shell, Equinor Launch UK North Sea JV

Adura, the 50-50 JV, 'will be the UK North Sea's largest independent producer'.

Equinor, Shell complete formation of Adura

Equinor and Shell have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the UK North Sea’s largest independent producer. Adura, jointly owned by Shell (50%) and Equinor (50%), combines decades of North Sea experience into a joint venture that is … The post Equinor, Shell complete formation of Adura appeared first on Drilling Contractor.

Equinor and Shell launch UK oil and gas joint venture Adura

Equinor and Shell have launched a news joint venture company, Adura, combining their UK offshore oil and gas operations.

Shell and Equinor complete formation of Adura

Shell and Equinor complete formation of Adura, which will be the UK’s largest independent North Sea producer  Shell U.K. Limited, a subsidiary of Shell plc (LSE: SHEL, NYSE: ADR SHEL, AMS EURONEXT: SHELL, “Shell”) and Equinor UK Limited, a subsidiary of Equinor ASA (OSE: EQNR, NYSE: EQNR, “Equinor”) have completed a deal to combine their UK offshore oil and gas operations to form a new company. Adura, which launched today, will be the largest in…