Shell plc SHEL recently decided to restart production at the Penguins field in the U.K. North Sea, utilizing a modern floating production, storage and offloading (FPSO) facility. The new FPSO, ...

Equinor is halving its investment in renewable energy over the next two years in favour of increasing oil and gas production ...

Oil giants such as BP and Shell who operate in the North Sea should be given huge tax breaks to help protect the UK against Donald Trump’s burgeoning trade war, Chancellor Rachel Reeves has been told.

Oil giants such as BP and Shell who operate in the North Sea should be given huge tax breaks to help protect the UK against ...

Oil giants such as BP and Shell who operate in the North Sea should be given huge tax breaks to help protect the UK against ...

U.K. Prime Minister Keir Starmer wants controversial oil and gas fields in the North Sea being developed by Shell and Equinor to move forward.

Sir Keir Starmer is expected to back one of Britain’s biggest offshore oil field developments despite fierce opposition from Ed Miliband, his Energy Secretary ...

Conservative leader Kemi Badenoch has warned that businesses are “abandoning” the North Sea while a decision is awaited from Prime Minister Sir Keir Starmer about the future of two oil fields.

Sir Keir Starmer is under pressure to approve new North Sea oil licences after a court ruling voided permits for Rosebank and Jackdaw. Kemi ...

Kemi Badenoch has accused Sir Keir Starmer of bending "the knee to anyone who asks him" over the Rosebank oil and gas field.

Shell has restarted production at the Penguins field in the UK North Sea. The floating, production, storage and offloading ...

In 2024, Sverdrup accounted for about 54% of Aker BP's group production, which totaled 439kboe/d. Equinor has also revised its ambitions for the field, targeting a 75% reserves recovery rate, ...