Construction work is “progressing well” on the Penguins FPSO - the first new manned vessel for Shell in the northern North Sea for 30 years - following a series of delays.
The chief executive of Shell has addressed whether the prospect of a North Sea windfall tax would damage the case for its planned £25bn investment in the UK.
Subsea 7 (SUBC: OSLO) is planning a $100 million windfall for shareholders in 2022 as it firmly believes “the market recovery is underway”.
Private equity player HitecVision has said the North Sea is “anything but mature” as it looks towards major investments in the UK sector.
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.
ExxonMobil has agreed to sell a package of UK northern and central North Sea assets to NEO Energy in a deal worth more than $1billion (£707.3m).
Shell has named the UK North Sea as one of nine “core positions” for its oil and gas business going forward, as it today revealed its net zero strategy.
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 UK North Sea will see the world's second-highest deployment of FPSO vessels in the next five years, according to new analysis.
The Shell Penguins redevelopment is making progress with the arrival of three huge subsea structures in Invergordon.
Shell's boss said yesterday that the energy major will invest "billions of dollars" in the UK North Sea in the coming years.
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.
Oil giant Shell said today that it will invest in the Fram gas and condensate field in the UK North Sea.
Oil field service firm Subsea 7 said today that it had clinched a contract worth tens of millions of pounds for Shell’s Penguins field redevelopment in the North Sea.
Shell has confirmed construction has started on the Penguins redevelopment – its first new manned installation in the North Sea for nearly 30 years.
North Sea oil companies will commit to developing between 12 and 16 new fields in 2018, more than in the last three years put together, a new report said.
The Energy Institute’s president believes North Sea industry has shown it can break the “boom and bust” cycle.
Energy consultancies Rystad Energy and Wood Mackenzie expect 13-14 North Sea developments to have reached final investment decisions (FID) by the end of this year.
Shell’s boss said yesterday that the North Sea is showing signs of “rejuvenation” and can provide the oil major with more room to grow.
Oil giant Shell said yesterday that its latest North Sea project would create hundreds of UK jobs and unlock 80million barrels of oil.
Shell’s North Sea boss yesterday warned industry against becoming “overconfident” with Brent crude prices hovering around $70 per barrel.
Shell's North Sea boss said today that the construction phase of its Penguins area project will create up to 400 UK jobs.
The regulator for North Sea industry said it expects more "high value projects" to be sanctioned this year, prolonging production for years to come.
Shell’s redevelopment of a North Sea field will deliver a “significant boost” to north-east communities, the Scottish Government said.
Industry body Oil and Gas UK (OGUK) said 2018 had got off to an "exciting start" after Shell's decision to redevelop one of its North Sea fields.