Shell plc has launched a new company, Adura, in partnership with Equinor UK Ltd. Adura, equally owned by Shell and Equinor, is expected to produce over 140,000 barrels of oil equivalent per day in 2026. Equinor will retain ownership of cross-border assets, hydrogen, carbon capture and storage, and more, while Shell U.K. Ltd. will maintain ownership of UK SEGAL system assets and Southern North Sea projects. Shell shares closed 0.49% higher at $73.77, while EQNR shares closed 0.36% higher at $22.91 on Friday. Adura is set to lead in the mature basin with an exceptional asset base and industry expertise.

Read more at Nasdaq: Shell, Equinor Seal The Deal To Create Adura