Shell PLC (SHEL) shares up on resuming production at Penguins field in UK North Sea with new FPSO facility designed for lower emissions and extended lifespan.

Supermajor Shell relaunched production at its Penguins ... of Shell’s strategy to boost its UK North Sea output to more than 500,000 barrels of oil equivalent per day between 2023 and 2025.

Shell has restarted production at the Penguins field in the UK North Sea with a new FPSO, boosting domestic oil and gas output.

Shell said on Tuesday it has restarted production at the Penguins oil field in the UK North Sea, with a new floating, ...