Shell (SHEL.US) and Norway's equinor have jointly created the largest independent oil company in the united kingdom.
Oil giants Shell (SHEL.US) and Norway's state oil company equinor announced on Thursday plans to merge their assets in the united kingdom's offshore oil & gas sector, creating a joint venture energy company. This joint venture will be established in Scotland to maintain the united kingdom's fossil fuel production and energy supply security. The two companies plan to complete the trade by the end of next year after obtaining approval. Shell stated that the merged company will become the largest independent producer in the united kingdom's North Sea at that time. It is expected that the joint venture will produce more than 140,000 barrels of oil equivalent per day by 2025.
Market Chatter: Chevron, Shell in Talks to Join Argentina Oil Export Project
OPEC+ plans to postpone the production increase until April next year! International oil prices have declined in the short term.
OPEC+ stated at the meeting that they have agreed in principle to postpone the originally scheduled January production increase plan, and will gradually lift the oil production cuts starting from April 2025 until September 2026. WTI crude oil futures and Brent crude oil futures experienced a short-term plunge.
Shell (UK) (SHEL) Gets a Hold From UBS
Express News | Chevron, Shell Weigh Stake in Argentina Oil Export Plan - Bloomberg News
Express News | Chevron and Shell are reportedly weighing their shares in Argentina's oil export plan.