The Equinor ASA offshore oil drilling platform on Johan Sverdrup oil field in the North Sea off the coast of Norway, on Monday, Feb. 13, 2023. Oil major 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. The joint venture will be established in Aberdeen, Scotland in an effort to sustain fossil fuel production and the security of energy supply in the U.K. At that time, the incorporated company is set to become the U.K. North Sea's largest independent producer, Shell said. Norway's Equinor currently employs around 300 people in the U.K., while Shell has a staff of approximately 1,000 people in oil and gas positions nationwide.

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Persons: Johan Sverdrup, Equinor, Shell, Yujnovich, Pierce, Jackdaw, Schiehallion, Norway's Equinor, Philippe Mathieu Organizations: ASA, Oil, Shell, Penguins, Gannet Locations: North, Norway, Aberdeen, Scotland, Shearwater, Nelson, Victory, Equinor