Equinor and Shell form new U.K. offshore oil and gas venture Adura
Equinor has agreed with Shell to merge their U.K. offshore oil and gas operations into Adura, a new joint venture focused on North Sea assets. The transaction combines both companies’ U.K. offshore platforms under a unified structure, enhancing operational scale and efficiency in the region.
1. Equinor Awards Five-Year, 100 Billion NOK Supplier Frameworks
Norwegian energy company Equinor has signed framework agreements worth a combined 100 billion Norwegian crowns over five years with a consortium of industrial service providers. The contracts, which equate to roughly $9.93 billion, cover maintenance, modifications and upgrades at both offshore platforms in the North Sea and onshore processing facilities. Under the terms, suppliers will deliver everything from routine inspection services to major brownfield modification projects, with individual call-off orders to be issued annually. Equinor expects the agreements to enhance operational reliability and cost predictability across its global asset base, while bolstering local supplier capacity and sustaining approximately 3,000 direct jobs in Norway’s oil service sector.