Shell PLC (NYSE: SHEL) has finalized a deal with Equinor ASA (NYSE: EQNR) to merge their U.K. offshore oil and gas operations into a new company called Adura. The new company was launched on Monday ...

Equinor ASA and Shell PLC have completed the combination of their oil and gas operations on the United Kingdom's side of the North Sea. Launched Monday, Adura, the 50-50 joint venture, "will be the UK ...

The UK North Sea is being reshaped by consolidation at a pace not seen since the aftermath of the 2014 oil price crash. In the past twelve months alone, a series of mergers has concentrated more than ...

Equinor and Shell have launched a new company, Adura, combining their UK offshore oil and gas operations. The company will operate as an independent oil and gas producer in the UK North Sea. Adura, ...

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 ...