Advertisement

UK approved plans for a new Shell gas field in North Sea

  • Web Desk
  • Share

Shell
Advertisement

The amended proposal of Shell to develop a North Sea natural gas field was authorized by Britain’s regulator on Wednesday, as the government strives to enhance domestic energy supply following Russia’s invasion of Ukraine.

Shell said it wants to proceed with the development of the Jackdaw gas field, which has the potential to provide 6.5 percent of Britain’s gas supply, in a statement.

After being denied on environmental grounds in October, British Business Minister Kwasi Kwarteng announced that the Jackdaw gas field had won final regulatory permission.

“Let’s source more of the gas we need from British waters to protect energy security,” Kwarteng said on Twitter.

 

Advertisement

According to Reuters, the UK’s Offshore Petroleum Regulator for Environment and Decommissioning is set to accept the field’s updated environmental development plans, which would be a key step forward for new development.

Shell expects to begin production from the field in the second half of 2025 under the new plan.

 

For the latest International News Follow BOL News on Google News. Read more on Latest International News on oldsite.bolnews.com

Advertisement
Read More News On

Catch all the Business News, Breaking News Event and Latest News Updates on The BOL News


Download The BOL News App to get the Daily News Update & Live News.


Advertisement
End of Story
BOL Stories of the day
Doha Summit: Leaders from 50 Arab-Islamic Nations to attend emergency meeting in Doha
Trump warns Israel after Doha strike, “Qatar Is a Great Ally of the U.S”
Indian team captain failed to brings up Pahalgam incident and Operation Sandoor in victory speech
Petroleum Minister: Local oil could reshape Pakistan’s economic future
Iranian singer Omid Jahan dies at 43 after on-stage heart attack
Sri Lanka crush Bangladesh by six wickets in Asia Cup clash
Next Article
Exit mobile version