Shell, Equinor to Combine UK North Sea Assets in New Company [Yahoo! Finance Canada]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance Canada
gas assets to form a new company, which they said will be the UK North Sea's biggest independent producer. Most Read from Bloomberg The incorporated joint venture will be set up to “sustain domestic oil and gas production and security of energy supply in the UK,” the companies said on Thursday in a statement. The new producer will be jointly owned by Equinor and Shell, which both have decades of experience operating in the North Sea. The deal reflects the declining status of the UK's offshore oil and gas industry, which first got going in the 1960s and peaked about 20 years ago. As production from existing fields dwindles and the average size of new discoveries shrinks, the global majors have been shifting their focus to more attractive investment opportunities elsewhere. The trend in the North Sea in recent years has been for new entrants, often backed by private equity, to buy up aging assets from larger producers and combine them into so-called independent producers such as
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EQNR
News
- Equinor ASA (NYSE: EQNR) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
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EQNR
Earnings
- 10/24/24 - Beat
EQNR
Sec Filings
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- 12/12/24 - Form 6-K
- EQNR's page on the SEC website