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 ...

Shell and Equinor have formally combined their UK offshore oil and gas operations to create Adura, a new 50:50 joint venture that instantly becomes the largest independent producer in the UK North Sea ...

In the deal, which is the latest in a long line of such transactions where independents have taken over mature UK fields with the aim of extending their life, Venture and Dana have joined forces to ...

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 ...

Private equity-backed player closes deal worth up to $3.78 billion, with supermajor booking $1 billion gain Shell will book a gain of $1 billion in the fourth quarter following its huge deal to sell a ...

UK North Sea assets are consolidating rapidly, with mergers involving Harbour Energy, TotalEnergies, Shell and Equinor concentrating over 500,000 boe/d of output as operators adjust their strategies ...