ExxonMobil agrees sale of UK North Sea assets to NEO in $1billion deal
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).
Penguins
UK remains ‘core position’ for Shell oil business amid net zero drive
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 boss sees ‘room for spending’ on upstream projects in 2021
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.
UK to see world’s second-highest deployment of FPSO vessels in next five years
The UK North Sea will see the world's second-highest deployment of FPSO vessels in the next five years, according to new analysis.
Huge subsea towheads spotted for Shell Penguins redevelopment
The Shell Penguins redevelopment is making progress with the arrival of three huge subsea structures in Invergordon.
Shell to pump billions into ‘very high quality’ North Sea business
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 North Sea business a ‘source of inspiration’, Brexit not a threat, CFO says
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.
Shell to invest in North Sea Fram field
Oil giant Shell said today that it will invest in the Fram gas and condensate field in the UK North Sea.
Subsea 7 wins engineering contract for Shell’s Penguins project
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.
Construction under way on Shell’s Penguins FPSO
Shell has confirmed construction has started on the Penguins redevelopment – its first new manned installation in the North Sea for nearly 30 years.
Up to 16 new projects to get green light in ‘reshaped’ North Sea
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.
There’s more to the North Sea than ‘boom and bust’, EI president says
The Energy Institute’s president believes North Sea industry has shown it can break the “boom and bust” cycle.
A closer look at North Sea projects set to be sanctioned in 2018
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 can still grow in ‘rejuvenated’ North Sea, CEO says
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.
Shell’s Penguin to unlock 80million barrels, create hundreds of jobs
Oil giant Shell said yesterday that its latest North Sea project would create hundreds of UK jobs and unlock 80million barrels of oil.
With Brent at $70, Shell boss warns of overconfidence
Shell’s North Sea boss yesterday warned industry against becoming “overconfident” with Brent crude prices hovering around $70 per barrel.
Shell’s Penguins redevelopment to deliver hundreds of jobs
Shell's North Sea boss said today that the construction phase of its Penguins area project will create up to 400 UK jobs.
More 2018 project sanctions to follow Shell’s Penguins decision, OGA says
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 delivers ‘significant boost’ with Penguins call, Scottish Government says
Shell’s redevelopment of a North Sea field will deliver a “significant boost” to north-east communities, the Scottish Government said.
OGUK says Shell’s Penguins investment gets 2018 off to ‘exciting start’
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.
Shell takes investment decision on North Sea Penguins area
Shell revealed today that it had taken a final investment decision (FID) on the redevelopment of the Penguins area in the UK North Sea.
Shell hopes to make investment decision on Penguins ‘shortly’
Shell’s UK upstream boss yesterday hailed a “great year” and said the oil major expected to be busy in the North Sea in 2018.