Shell has said Britain’s oil industry is now “naturally declining” as it announced a significant overhaul of its North Sea assets. The oil and gas giant plans to combine its offshore ...

Shell and Exxon Mobil are nearing an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy, three industry and banking sources said.

Shell resumes production at Penguins field with new FPSO, its first North Sea facility in more than 20 years. Penguins field targets peak output of 45,000 boe/d, with 100M boe in estimated ...

The striking part of the statement is that it was made under what is known as 2.8 of the UK City Code on takeover and mergers ...

Shell and Norway's Equinor will merge their British North Sea assets to form what is set to be the ageing basin's largest oil and gas company, the pair said on Thursday.

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 ...

Shell is forging ahead with plans to offload 5pc of Britain’s North Sea gas production to an energy tycoon battling claims of fraud.. The London-listed energy company has confirmed it hopes to ...

Shell Plc urged a UK court not to threaten the commercial viability of a North Sea gas field by halting its development, despite acknowledging that the approval process for the project was flawed.

The environmental group Greenpeace has reached an out-of-court settlement with Shell after protesters twice boarded one of its North Sea installations. The charity has agreed to pay £300,000 to ...

Shell was a North Sea pioneer, producing gas in the Leman field in 1968, three years before it discovered the Brent oilfield, which became one of the basin's most important fields and gave its ...