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, ...

Rosatom has reported nearly 37.8 million tonnes of cargo traffic on the Northern Sea Route in 2024, breaking the previous high by 1.6 million tonnes. (Image: Rosatom) The recently ended year also saw ...

Penguins redevelopment is part of Shell’s strategy to boost its UK North Sea output to more than 500,000 barrels of oil ...

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