Adura, the Shell-Equinor joint venture, secured a $3.0 billion reserve-based lending facility for its UK North Sea oil and gas operations. The deal strengthens near-term liquidity and de-risks funding for production and development, modestly improving the JV's credit flexibility while unlikely to move broader markets.
Adura, the Shell-Equinor joint venture, secured a $3.0 billion reserve-based lending facility for its UK North Sea oil and gas operations. The deal strengthens near-term liquidity and de-risks funding for production and development, modestly improving the JV's credit flexibility while unlikely to move broader markets.
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