Shell OKs first UK North Sea project in six years

MOSCOW (MRC) - Royal Dutch Shell gave the green light on Monday for an expansion of the Penguins oil and gas field in the UK North Sea, its first major new project in the ageing basin in six years, as per Hydrocarbonprocessing. Shell said the development, which includes the construction of a floating production, storage and offloading (FPSO) vessel, reaffirmed the Anglo-Dutch company's co

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