Analysts have backed Shell’s (LON:SHEL) Shearwater production hub to keep operating well into the next decade.
Shell has started production from the Arran field in the North Sea, the latest in a series of projects to rejuvenate the Shearwater production hub.
Serica energy has started drilling the development well for its 14million-barrel Columbus project in the North Sea, which was delayed by Covid.
Subsea 7 has reported a major widening of pre-tax losses and warned that its 2021 results will continue to be impacted by Covid-19.
RockRose Energy has slashed spending for 2020 by more than £80m in response to the Covid-19 outbreak and cut the number of UK wells it will participate in.
Serica Energy’s 13million barrel Columbus gas project in the North Sea is facing potential delays due to the Covid-19 outbreak.
RockRose Energy has said it is beginning a “significant period of development activity” over the next year, starting with its West Brae field.
Shell's boss said yesterday that the energy major will invest "billions of dollars" in the UK North Sea in the coming years.
Energy giant Shell has green lit a scheme to reroute gas from its Shearwater hub to St Fergus in Aberdeenshire.
Shell's chief financial officer said today that the firm's UK North Sea division was a "source of inspiration" for the rest of the group.
Serica Energy has taken a major leap towards first oil from the Columbus field in the central North Sea.
Shell’s decision to go after gas from the Arran field gave the UK North Sea its 11th project sanction of 2018.
Energy giant Shell said yesterday it had sanctioned the development of the Arran gas field in the central North Sea.
Oil firm RockRose Energy has struck a deal to buy Dana Petroleum’s entire stake in a central North Sea field development project.
Zennor Petroleum has completed its UK North Sea acquisition.