Equinor, Shell Form JV to Secure UK Oil and Gas Production [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
The newly formed incorporated joint venture (IJV) will combine the companies' UK offshore oil and gas assets to enhance domestic energy production and security. Equinor and Shell will equally own the venture, leveraging their decades of expertise in the UK North Sea. The primary focus is to extend the productive life of the region's oil and gas assets, ensuring economic recovery in a maturing basin facing natural production declines. Based in Aberdeen, the heart of the UK's energy sector, the venture will consolidate critical assets from both companies, including Mariner, Buzzard and Shearwater. Philippe Mathieu, executive vice president for Exploration and Production International at Equinor, highlighted that the transaction enhances Equinor's near-term cash flow while supporting the UK's energy supply and advancing decarbonization initiatives. The IJV will focus on sustaining energy production during the UK's energy transition. By combining resources, the venture aims to remai
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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