Shell Fights to Protect North Sea Oil Projects Amid Legal Challenges in the UK

In a significant legal battle, Shell is urging a UK court to reject a request that could halt its oil and gas projects in the North Sea due to claims surrounding flawed environmental permits. This case is pivotal not only for Shell but could also set a precedent for energy companies operating in the region, amidst growing scrutiny over environmental practices.

Continue reading

Petroineos Makes Historic Purchase of North Sea Oil, Acquiring Largest Benchmark Volume Since 2008

In a significant move that could reshape the dynamics of the North Sea oil market, Petroineos has completed a purchase of benchmark oil at an unprecedented scale. On November 13, 2024, the company announced that it had acquired nearly 8 million barrels of oil from the North Sea, a figure that represents the highest volume of its kind since at least 2008. This purchase not only underscores Petroineos's growing influence in the oil market but also highlights the ongoing volatility and competitive nature of energy sourcing in this region.

Continue reading