Shell’s Victory move highlights ‘clear tax incentive’ from EPL investment allowance
Tax incentives associated with the Energy Profits Levy may have encouraged Shell to move its Victory plans forward.
Tax incentives associated with the Energy Profits Levy may have encouraged Shell to move its Victory plans forward.
Shell's Victory field has an estimated recoverable resource of 179 billion cubic feet of gas, equivalent to 7% of the UK’s annual natural gas consumption
Production has resumed at the Shetland Gas Plant nearly two weeks after an outage brought the facility to a standstill.
Shetland Gas Plant co-owner Kistos (LON: KIST) expects the facility to reopen within the next two weeks, the company said today.
Kistos (KIST.L) has paid its outstanding bond debt in the Netherlands, creating an opportunity for the firm to return more cash to shareholders, said an industry analyst.
An investigation is ongoing into a safety incident which has seen the shutdown of TotalEnergies’ (XPAR: TTE) Shetland Gas Plant.
The plant currently supplies around 8% of the UK’s gas consumption - enough for around 2 million households.
A former oil worker has revealed what it was like to live on the controversial barge.
Corallian Energy has submitted an environmental statement for its proposed development of the Victory field, a subsea tieback due to come online in 2024.
An eleventh hour bid to avert huge North Sea strikes has failed after workers rejected an updated offer.
TotalEnergies (LON: TTE) is putting the final touches on two lucrative contracts for its Glendronach gas discovery.
The head of the Scottish Carbon Capture and Storage (SCCS) research partnership has estimated Shetland could still be “20-30 years” from a CCS project as other locations are prioritised.
New technology will enable offshore workers to talk to and text robots working around oil and gas platforms.
Nearly 50 jobs are on the line at a hotel in Shetland after French energy giant Total decided not to extend its seven-year accommodation contract.
Total is facing “economic challenges” for a major discovery in the West of Shetland after an appraisal well yielded results “at the lower end of expectations”.
Emergency crews were mobilised to the Shetland Gas Plant yesterday after the breakout of a fire on one of its power generator shelters.
The next phase has been announced of a world-first project to see autonomous robots working on offshore oil and gas installations.
The UK's safety watchdog has served notice to energy giant Total over “failures” to assess risks around rota changes at the Shetland Gas Plant.
Strikes involving more than 200 North Sea workers have been called off.
Union members at the Shetland Gas Plant have started the first of a series of 24-hour strikes today.
Unite has announced a series of North Sea strikes will begin next month for Petrofac and Aker Solutions workers in defiance to plans to change rotas.
The Oil and Gas Authority (OGA) is working to solve an “infrastructure puzzle” for what is considered to be the most prospective region of the UK North Sea.
Island leaders have voiced concerns about the populations of the smaller Shetland islands as it emerged a major employer is offering relocation packages that could encourage people to move away.
Planned strike action at the Shetland Gas Plant has been postponed by one week to allow talks with French oil giant Total, Unite union has confirmed.
Oil firm Total has insisted in an internal memo that its case for changing North Sea workers’ shift patterns is “strong”.