CNBC's Bertha Coombs joins 'Squawk on the Street' to discuss the latest developments in the fatal shooting of UnitedHealthcare CEO Brian Thompson.
Camilla Salthe, senior vice president of UK head of upstream at Equinor, discusses the company's announcement to create a new U.K. oil and gas producer with Shell.
Shell PLC (LSE:SHEL, NYSE:SHEL) and Equinor's North Sea merger plans will offer a string of benefits but come against a backdrop of the region's shift from an oil and gas to a renewable powerhouse. The duo on Thursday unveiled a deal to merge their UK North Sea assets to create Britain's largest independent oil firm with daily production of 140,000 barrels of oil equivalent.
SHEL announces plans to scale back new offshore wind investments and restructure its power division, focusing on oil, gas and biofuels amid economic challenges.
Shell PLC (LSE:SHEL, NYSE:SHEL) and Equinor have struck a deal to combine their respective UK North Sea assets into a new company, which will become Britain's largest independent oil company. The joint venture company, to be based in Aberdeen, will own Equinor's Mariner, Rosebank, and Buzzard, alongside Shell's Shearwater, Penguins operations as well as a portfolio of exploration and development assets.
The energy majors will create a joint venture they say will be the biggest independent producer in the North Sea to help sustain domestic oil-and-gas production and secure energy supply in the U.K.
Britain's Shell and Norway's Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.
Norway's Equinor and Shell will combine their British offshore oil and gas assets to create a new company owned 50% each, the Norwegian group said on Thursday.
Shell is stepping back from new investments in offshore wind projects and is splitting its power division following an extensive review of the business under CEO Wael Sawan's drive to boost the company's returns, the company told Reuters.
SHEL signs a deal with QatarEnergy to receive 3 million metric tons of LNG annually for delivery in China.
SHEL plans to sell its carbon-based projects to prioritize profits by investing in high-return ventures.
Leading energy companies TotalEnergies , BP , Shell and Equinor announced a $500-million joint investment commitment, aimed at increasing people's access to sustainable modern energy sources.