Shell and EDF join blockchain trading consortium

Shell, UK Power Networks and EDF Energy are among nine firms to have joined a new blockchain trading consortium set up by operator Electron. The businesses, which also include Baringa, Flexitricity, KiWi Power, Northern Powergrid, Open Energi and Statkraft, aim to use the platform to tackle the challenge of energy flexibility and to collaboratively design […]

Shell starts oil production from deepwater platform in Malaysia

Shell has started oil production from a deepwater platform in Malaysia. The Malikai Tension-Leg Platform (TLP) is the firm’s second deepwater project in the country and is located 100 kilometres off the coast of Sabah. It is expected to have a peak production of 60,000 barrels per day. The project includes a cost-effective platform design and […]

BP closes oil platform after North Sea leak

Oil giant BP has shut down its oil platform located 75 kilometres west of the Shetland Islands. In a statement the firm said, a quantity of oil in water was released into the sea from the Clair platform yesterday morning. It was due to a technical issue with the system designed to separate the mixed production […]

Shell to build its ‘largest’ oil platform in the Gulf of Mexico

Oil giant Royal Dutch Shell will build its eighth and largest oil platform in the Gulf of Mexico. The Appomattox deep water project will be located 80 miles off the coast of Louisiana. It is expected to produce an average peak of 175,000 barrels of oil equivalent per day and to be completed by the end of […]

Saudi oil rig sinks, three bodies recovered

Three oil workers have drowned after an offshore oil platform in Saudi Arabia sank into the ocean on Friday. The platform was in the Safaniya oil field in the Persian Gulf, said to be the largest offshore field in the world. Saudi Arabian oil firm Aramco said the recovered bodies of three missing workers, two […]