Shell and Equinor to Form UK's Largest Independent Oil and Gas Producer

The joint venture aims to sustain North Sea production while addressing declining resources and regulatory challenges.

Shell and Equinor will combine their UK North Sea oil and gas assets into a 50-50 joint venture based in Aberdeen, Scotland.
The new company is projected to produce over 140,000 barrels of oil equivalent per day by 2025, making it the largest independent producer in the region.
The merger reflects efforts to manage declining North Sea resources and adapt to the UK's increasingly stringent tax and regulatory environment.
The venture will include major fields such as Rosebank and Jackdaw, both of which are facing legal challenges from environmental groups.
Shell and Equinor emphasized that there will be no job losses, with approximately 1,300 employees transitioning to the new company to support its operations.