{"id":7966,"date":"2024-08-15T09:31:19","date_gmt":"2024-08-15T08:31:19","guid":{"rendered":"https:\/\/eeegr.com\/?p=7966"},"modified":"2024-08-15T10:11:18","modified_gmt":"2024-08-15T09:11:18","slug":"shell-to-sell-bacton-gas-terminal-and-11-offshore-gas-fields","status":"publish","type":"post","link":"https:\/\/eeegr.com\/2024\/08\/15\/shell-to-sell-bacton-gas-terminal-and-11-offshore-gas-fields\/","title":{"rendered":"Shell to sell offshore gas assets in the UK Southern North Sea to Viaro Energy"},"content":{"rendered":"
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Image: PA Media\/Joe Giddens<\/em><\/figcaption><\/figure><\/div>\n\n\n
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Shell interests in the sale includes 11 gas fields and one exploration prospect in the U.K. Southern North Sea, as well as the onshore Bacton Terminal. Headquartered in London, Viaro Energy is an independent British producer which already has a working interest in over 65 fields in the sbobet review U.K. and Netherlands North Sea.<\/p>\n\n\n\n

The transaction follows Shell UK\u2019s review of its portfolio in the U.K. Southern North Sea in 2021 where it aimed to focus on areas where Shell has competitive advantages to build a resilient, streamlined Upstream portfolio and a strong integrated value chain.<\/p>\n\n\n\n

As a result, Shell UK\u2019s main interests are now in the Central and Northern areas of the North Sea, where it retains a significant presence. Last year the Pierce field started producing gas after a major upgrade, while the newly built Penguins floating production, storage and offloading vessel is now at the field in preparation for start-up in due course, and for production to extend beyond 2035. Given the importance of gas to the U.K.\u2019s energy security, Shell has also taken investment decisions on the Jackdaw and Victory gas fields, to sustain domestic gas production.<\/p>\n\n\n\n

The sale of these assets is in line with Shell\u2019s strategy outlined at\u00a0Capital Markets Day in 2023<\/strong><\/a>. The transaction is subject to regulatory approvals and expected to complete in 2025.<\/p>\n\n\n\n

Kevin Keable, EEEGR Chair, said in response:<\/p>\n\n\n\n

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“Whilst this deal isn\u2019t signed as yet, we do understand the requirement of larger oil and gas companies to concentrate on fields producing larger quantities of gas elsewhere. Smaller operators tend to  focus on and extract more gas out of existing wells, extending their life. This can create more jobs, more work for local service and supply companies and ensure that the vast quantities of gas we need in this country isn’t all coming from overseas. Having been a part of our local community for over half a century, Shell’s impact has been huge and positive, we will miss them”<\/p>\n<\/blockquote>\n\n\n\n

Read the original article at Shell’s website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shell interests in the sale includes 11 gas fields and one exploration prospect in the U.K. Southern North Sea, as well as the onshore Bacton Terminal. Headquartered in London, Viaro Energy is an independent British producer which already has a working interest in over 65 fields in the sbobet review U.K. and Netherlands North sbobet sports Sea. The transaction […]<\/p>\n","protected":false},"author":4296,"featured_media":7968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_eb_attr":"","ub_ctt_via":"","advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[55,54,53],"tags":[191,194,195,192],"class_list":["post-7966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry_news","category-member_news","category-news","tag-bacton","tag-gas","tag-north-sea","tag-shell"],"acf":[],"featured_image_src":"https:\/\/eeegr.com\/wp-content\/uploads\/2024\/08\/Bacton-Gas-Terminal-Picture-PA-Media-Joe-Gidens.vbet casino jpg.article-620-1.jpg.article-962.jpg","author_info":{"display_name":"Will Norris","author_link":"https:\/\/eeegr.com\/author\/will-norriseeegr-com\/"},"author_meta":{"display_name":"Will Norris","author_link":"https:\/\/eeegr.com\/author\/will-norriseeegr-com\/"},"featured_img":"https:\/\/eeegr.com\/wp-content\/uploads\/2024\/08\/Bacton-Gas-Terminal-Picture-PA-Media-Joe-Gidens.jpg.article-620-1.jpg.article-962.jpg","coauthors":[],"tax_additional":{"categories":{"linked":["Industry News<\/a>","Member News<\/a>","News<\/a>"],"unlinked":["Industry News<\/span>","Member News<\/span>","News<\/span>"]},"tags":{"linked":["bacton<\/a>","gas<\/a>","north sea<\/a>","shell<\/a>"],"unlinked":["bacton<\/span>","gas<\/span>","north sea<\/span>","shell<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 2 months ago","modified":"Updated 2 months ago"},"absolute_dates":{"created":"Posted on 15 August 2024","modified":"Updated on 15 August 2024"},"absolute_dates_time":{"created":"Posted on 15 August 2024 09:31","modified":"Updated on 15 August 2024 10:11"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/posts\/7966"}],"collection":[{"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/users\/4296"}],"replies":[{"embeddable":true,"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/comments?post=7966"}],"version-history":[{"count":5,"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/posts\/7966\/revisions"}],"predecessor-version":[{"id":7979,"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/posts\/7966\/revisions\/7979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/media\/7968"}],"wp:attachment":[{"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/media?parent=7966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/categories?post=7966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eeegr.com\/wp-json\/wp\/v2\/tags?post=7966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}