Shell

Partners confirm find, begin planning for additional well in the area.

Petroleum Development Oman is building infrastructure for the project’s initial phase.

New find located in Shell’s prolific Perdido Corridor in western US Gulf.

State-run Staatsolie retains its 40% stake in Block 5.

Subsidies lapse while others take hold in a bid to bolster offshore wind energy capacity around the globe.

The announcement means that the megascale carbon capture and storage project now has 14 large industrial players behind it. Still, it remains unclear when the project might get under way.

Design, construction specialist books new work in the Middle East, Australia, and Saudi Arabia.

Being first isn’t easy, as the massive Prelude has demonstrated. Since being commissioned in 2018, the world’s largest vessel has suffered a series of setbacks and has now halted production for an indefinite period of time.

The field near Shetland had been the subject of environmental protest.

Large gas development expected to come online as early as 2025.