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Shell and Equinor JV face significant UK regulatory challenges by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
UK government regulatory announcements or legal documents
Story
Shell and Equinor Form 50-50 UK North Sea Joint Venture to Create Largest Independent Oil and Gas Producer
Dec 5, 2024, 07:51 AM
Shell Plc and Equinor ASA are combining their UK offshore oil and gas assets into a new 50%-50% joint venture, forming the largest independent oil and gas producer in the UK North Sea. The joint venture aims to bolster domestic production and ensure energy security in the UK and is expected to produce approximately 140,000 barrels of oil equivalent per day in 2025.
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Similar markets
Yes • 50%
No • 50%
Yes • 50%
No • 50%
No acquisitions • 25%
Acquisition of small assets • 25%
Acquisition of medium assets • 25%
Acquisition of large assets • 25%
Horley Oil Well • 25%
Horse Hill Oil Field • 25%
Wressle Oil Field • 25%
Brockham Oil Field • 25%
Current leadership remains • 25%
New CEO appointed from Shell • 25%
New CEO appointed from Equinor • 25%
External CEO appointed • 25%
Yes • 50%
No • 50%
New deep coal mine • 25%
New oil drilling project • 25%
New natural gas extraction project • 25%
No new major fossil fuel projects approved • 25%
Funding • 25%
Regulatory Hurdles • 25%
Technical Issues • 25%
Public Opposition • 25%
Yes • 50%
No • 50%
