Shell and Equinor formed Adura.

Oil and gas companies Shell and Equinor formed Adura to become the UK North Sea’s biggest independent producer. Financial terms were not disclosed. “Equinor has been a reliable energy partner to the UK for over 40 years, providing oil and gas, developing the offshore wind industry, and advancing decarbonisation. This transaction strengthens Equinor’s near-term cash flow, and by combining Equinor’s and Shell’s long-standing expertise and competitive assets, this new entity will play a crucial role in securing the UK’s energy supply," Philippe Mathieu, Equinor Vice President for Exploration and Production.