North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
UK regulators have told Shell to provide more detail on the thinking behind its Jackdaw field development plans.
Corallian Energy attempted and failed to sell Shell and One-Dyas the “Jackdaw South” prospect ahead of the main development being sanctioned later this year.
Shell has reached a key milestone for giving the greenlight to Jackdaw, a North Sea project which was delayed amid the Covid-19 pandemic.
Shell’s boss said today that the recent “strong recovery” in oil prices meant the supermajor would have “room to spend” cash on upstream projects, including in the North Sea.
The global focus and dependency on fossil fuels and shift towards low carbon energy has been building for many years, but only in the last 18 to 24 months has it become a leading agenda item in national and international political arenas.
Coach Sir Dave Brailsford is widely credited with turning around the fortunes of Britain’s cyclists using the “marginal gains” philosophy.
Shell’s boss has said the firm will “probably” have to reduce its headcount and “resize” parts of the organisation the longer the oil price slump lasts.
More than a dozen UK North Sea projects are facing deferral in light of the oil price drop, an analyst has predicted.
Shell has reached another checkpoint on the way to developing the Jackdaw field in the central North Sea.
A global oil and gas consultancy with a base in north-east Scotland has blamed stiff competition for a near doubling of its pre-tax losses.
Italian engineering firm Rosetti Marino said today that its selection by Shell for an early phase design contest showed the firm was “competitive” in the UK.
Aberdeen oil firm Siccar Point Energy today completed the sale of a stake in the Jackdaw discovery in the central North Sea.
Aberdeen oil firm Siccar Point Energy has struck a deal to sell its stake in the Jackdaw discovery in the central North Sea.
Oil and gas expert Alex Kemp said BP's announcement about Kinnoull was a much-needed boost for the North Sea industry.
The North Sea will soon produce an extra 45,000 barrels of oil a day after start-up on the £700million Kinnoull field, BP chief executive Bob Dudley has announced.