Tag Archives: Royal Dutch Shell

French energy giant Engie. Shell of the Netherlands. and two German companies. Uniper and Wintershall Dea. are all financing partners of the 9.5 billion euros project.

The four-year project is backed by some of the world’s biggest energy companies.

Rig operator Valaris has announced a series of new awards worth a combined £69million. including a North Sea extension with Total.

A pledge by Mossmorran operators to reduce unplanned flaring within five years has been branded unacceptable by Scotland’s environmental watchdog.

Exxon produces around 80.000 barrels of oil and 441 million cubic feet of gas a day in the British North Sea.

In 2011 BP acquired a 30 per cent stake from Reliance in some of its exploration blocks.

Gas has been one of the headwinds impacting earnings for the majors.

Energy majors’ second-quarter results have been hit by lower oil and gas prices versus the same period a year ago.

The strong increase in oil and gas production helped BP to offset weaker crude prices and refining profit.

Two North Sea farm-out deals were announced today in another sign that the mature UK basin can still generate fresh investment for oil and gas projects.