Adura: New Energy Giant in North Sea, Tax Worries Loom
Update: 2025-12-01
Description
Shell and Equinor merge to form Adura, the largest independent North Sea producer, aiming for 140k barrels per day by 2026. Neil McCulloch leads, emphasizing safety and expertise. However, the UK governments decision to maintain the windfall tax on operators, known as the Energy Profits Levy, threatens job losses, investment, and energy security. Industry leaders warn that fixing this tax is crucial to unlocking billions in investment across the UKs energy landscape.
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