Shell and Equinor form UK North Sea oil and gas joint venture
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
0mins
Source: Reuters
Joint Venture Formation: Shell and Equinor are merging their British North Sea assets to create the largest oil and gas company in the region, aiming to enhance profitability and increase output to 200,000-220,000 barrels of oil equivalent per day by 2025.
Financial Benefits: The joint venture will benefit from significant tax savings and reduced capital expenditures, with Equinor contributing deferred tax losses and Shell leveraging its larger production capabilities.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








