Shell has restarted production at the Penguins field in the UK North Sea with a modern floating, production, storage and offloading, FPSO, facility (Shell 50%, operator; NEO Energy 50%). The previous ...

European crude prices have slumped to multimonth lows as the continent’s refineries start to take plants offline for regular ...

Ed Miliband risks destroying the UK’s reputation if he blocks Britain’s two biggest offshore oil and gas developments, the ...

Shell has started up a new modern floating, production, storage and offloading facility at the Penguins field in the UK North ...

Equinor on Wednesday raised its 2030 oil and gas output forecast and scaled back plans for renewable energy capacity ...

DRINKS giant Diageo has warned it could face a £160million hit to its profits if Donald Trump presses ahead with tariffs on Canada and Mexico. It is heavily exposed — with 42 per cent of its US ...

The new FPSO is expected to extend the life of the UK field by up to 20 years while reducing operational emissions by about ...

Shell has resumed production at the Penguins field in the UK North Sea using a state-of-the-art floating production, storage ...

Confusion is built into our approach to net zero. We need to be more pragmatic about whether emissions will genuinely be new.