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Posts on ‘June 1st, 2022’

Shell gets green light for biggest North Sea oil project in decades

The Telegraph

Shell gets green light for biggest North Sea oil project in decades

Jackdaw field expected to start production in 2025

Shell is to develop one of the biggest North Sea gas projects in years after winning approval from regulators as the Government scrambles to bolster domestic energy supplies. 

The FTSE 100 company’s Jackdaw project is set to produce about 6.5pc of Britain’s gas output with Shell aiming to start production by the second half of 2025. 

Shell’s plans for the field were initially knocked back by environmental regulators last year but have been approved after they were revised.

The Government wants to cut the use of fossil fuels in the long term but is also under pressure to bolster domestic supplies after Russia’s invasion of Ukraine sent international oil and gas markets into turmoil.

Kwasi Kwarteng, the Business Secretary, tweeted on Wednesday: “Jackdaw gas field – originally licensed in 1970 – has today received final regulatory approval. read more

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