Revenues at the North Sea operator surged more than four-fold to $3.6bn.
Shell has provided an update on its Penguins development off Shetland, outlining that it has encountered infrastructure issues that "require rectification."
Shell would not be drawn on a sailaway and start-up date for its next North Sea development, with the Penguins FPSO set to remain in Norway for several more months.
The UK’s offshore regulator has approved further drilling at Shell’s Penguins project, expected to begin this month.
A host of major oil and gas projects dotted around the North Sea are due to start-up production in the next few years.
Production at the Pierce gas expansion project in the UK North Sea is now underway, Shell (LON: SHEL) has confirmed.
Located dozens of miles out to sea, it would stand to reason that oil and gas assets are unlikely targets for protestors – for the sake of convenience if nothing else.
A transgender offshore worker has spoken out against the UK Government for “smoke and mirror” tactics in blocking the Scottish gender recognition reform legislation.
The Penguins FPSO is now well underway on its journey to the North Sea, with an estimated arrival in early February – just behind operator Shell’s (LON:SHEL) much anticipated Q4 results.
Simon Roddy of Shell says incoming CEO Wael Sawan has already given support to new North Sea projects like Penguins, Pierce and Jackdaw.
The UK Upstream boss at Shell talks West of Shetland potential, investment and finding the right portfolio fit.
The Shell (LON: SHEL) Penguins FPSO has set off for its UK North Sea destination – but will first stop off at a yard in Norway.
The Shell (LON: SHEL) Penguins FPSO – the oil giant’s first new manned vessel in UK waters for 30 years – is finally due to head to the North Sea.
Subsea 7 (OL: SUBC) has indicated it is nearly complete on its UK contract for the Shell Penguins project.
Technology originally used to help vessels avoid icebergs and cyclones has been deployed in a “UK first” to cut costs and emissions at the Shell Penguins field in the North Sea.
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.