Shell provides fresh boost for North Sea oil and gas industry

11/10/2018 08:48 Energy

news

Royal Dutch Shell has provided fresh encouragement for the North Sea oil and gas industry by deciding to develop the Arran field around 150 miles east of Aberdeen.

The field development is the fourth the oil and gas giant has approved in the UK North Sea this year.

 

The decision to develop fields such as Arran shows giants like Shell once again see the potential to achieve good returns on projects in the North Sea.

 

Arran is expected to produce 21,000 barrels of oil equivalent per day at peak. First gas is targeted in 2021.

 

Shell and BP expect to start production from the Clair Ridge development West of Shetland this year, with output expected to peak at 120,000 boepd.

 

Shell has also approved the Fram development and the revamp of the Penguins field in the North Sea this year. The Arran development requires approval by the Oil and Gas Authority.

Source: heraldscotland.com

Daily (15.10.2018): The German spot power price fell by almost 21% on Friday, due to stronger wind generation and lower demand

15/10/2018 11:43:00

Oil prices were slightly higher of Friday, as the impact of the Hurricane Michael left several platforms in the Gulf of Mexico inactive, contributing to a drop in the U.S. crude production. Consequently, Brent crude closed 0.2% up at $80.43 a barrel.

<READ MORE

Cuadrilla to start shale gas fracking in UK

15/10/2018 09:07:00

UK’s onshore oil and gas exploration company Cuadrilla is set to finally start hydraulic fracturing in Lancashire, northwest England, following a temporary setback Saturday due to weather conditions, Kallanish Energy reports.

READ MORE

Centrica trumpets distributed energy

15/10/2018 08:59:00

Distributed energy, including onsite generation and storage, could deliver potential carbon dioxide emission savings of 137 million tonnes by 2030 in the UK, according to a new report by Centrica.

READ MORE