Shell has resumed production at the Penguins field in the UK North Sea using a state-of-the-art floating production, storage and offloading (FPSO) facility. The project is a 50:50 joint venture (JV) between Shell and NEO Energy,

Penguins redevelopment is part of Shell’s strategy to boost its UK North Sea output to more than 500,000 barrels of oil equivalent per day between 2023 and 2025

Shell said on Tuesday it has restarted production at the Penguins oil field in the UK North Sea, with a new floating, production, storage and offloading (FPSO) facility. The field's export route, which previously went through the Brent Charlie platform that ceased production in 2021 and is being decommissioned,

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

The new FPSO is expected to extend the life of the UK field by up to 20 years while reducing operational emissions by about 30%.

A North Sea oil field discovered 50 years ago has become Shell's first newly-operated facility in the region for more than two decades.

Shell restarted production at the Penguins oil field in the U.K. North Sea with a new floating, production, storage and offloading facility.

Shell plc, the multinational oil and gas company, announced on Tuesday that it has resumed oil production at the Penguins oil field in the UK North Sea. This restart was made possible by the deployment of a new floating,