Statoil has welcomed first gas from the Corrib field after the Irish Government gave oil major Shell and its partners the final go-ahead.
The Norwegian operator said the output from the Corrib field would be an important addition to Statoil’s international production portfolio.
It comes after the Minister for Communication, Energy and Natural Resources gave consent for the pipeline, subject to 20 conditions related to environmental management, operation, control and monitoring.
Shell has captured incredible footage in just 30 seconds of its innovative 3D printing technology.
The oil major said it was helping to turn manufacturing on its head at the Shell Technology Centre in Amsterdam.
The wider FTSE 100 Index was 20.9 points higher at 6275.5 in thin trading volumes following the Christmas break.
Flood-hit insurers were bucking the market gains, with warnings for more disruption in Cumbria and southern and central Scotland as Storm Frank threatens to bring more misery.
Mega deals came back into fashion in the City last year, with chief executives becoming more confident as the drama of the financial crisis faded into the background.
Mergers and acquisition activity involving UK firms jumped almost 63% to $565billion, a 15-year high involving 3,385 deals, according to data firm Dealogic.
The biggest of these acquisitions saw London-listed Peroni and Grolsch group SABMiller bought by Budweiser brewer Anheuser-Busch InBev for £71 billion in a deal finalised last month.
Royal Dutch Shell Plc is on the brink of pulling off its biggest acquisition. Yet the widening discount of target BG Group Plc to the offer price shows that a further steep drop in oil prices could still put the deal in doubt.
BG traded 12.5 percent below Shell’s bid price on Dec. 18, the biggest discount since early September, compared with a 6.4 percent gap on Dec. 4. While BG shares soared when news of the deal broke eight months ago, they’ve since tumbled more than 20 percent as oil prices slumped.
A Dutch appeals court ruled on Friday that Shell may be held liable for oil spills at its subsidiary in Nigeria, potentially opening the way for other compensation claims against multinationals in the Niger Delta and elsewhere.
Wood Group has won a front-end engineering and design (FEED) contract for the Browse floating liquefied natural gas (FLNG) development.
The company said the deal, which will see a 12 month contract with Shell, will be carried out by Wood Group Kenny (WGK).
Ever wondered what a year for the world’s first floating liquid natural gas (FLNG) facility looks like? Watch the video below to find out. Engineers worked more than 1.6 million hours during the engineering and design phase of the Prelude FLNG project.
The GMB union has urged the Scottish Government to insist that oil companies remove everything from the seabed when closing down platforms unless there are pressing reasons not to.
Shell is considering the option of leaving the massive subsea concrete jackets for its Brent platforms in place, as removing the 300,000 tonne structures may be more hazardous than leaving them where they are.
Oil major Shell is shifting to portfolio rationalisation as the move to a merger with BG Group nears one step closer, according to a leading analyst.
Tom Ellacott, from Wood Mackenzie’s Corporate Analysis team, said a combined portfolio between the two companies will now be defined by its geographical reach.
Music superstar and solar entrepreneur Akon joined Shell to officially open a solar and human powered football pitch in the Nigerian capital Lagos at the Federal College of Education.
Avanti Energy said its Italian subsidiary has signed a long term gas sales agreement with Shell Energy Europe for its future gas production in the country.
CMI Energia has won the deal which will focus on the Colle Santo project which is the largest undeveloped onshore gas field in Italy.
Shell is carrying out a strategic review of its assets in New Zealand as it looks to streamline costs amid the continue decline in oil price.
The oil major will carry out the assessment to see how their interests in the region align with the company’s current plans.
EU antitrust regulators have dropped Shell, BP and Statoil from an investigation into alleged rigging of ethanol benchmarks.
The European Commission said it had, however, opened a formal investigation into the actions of Abengoa, Alcogroup and Lantmannenekfor.
