Shell (SHEL.L) and Norway’s Equinor (EQNR.OL) will merge their British North Sea assets to form the ageing basin’s largest oil and gas company, the pair said on Thursday. The 50-50 joint venture, to be based in Aberdeen, Scotland, will see the companies pool resources and spending, with cost cuts and an... read full story
"The new company willprovide a long-term sustainable future for individual oil and gas fields and platforms, helping extend the life of this crucial sector for the benefit of the UK,"