focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied Materials
Stephen Yiu, FM at WS Blue Whale, discusses Nvidia, Visa/Mastercard, Lam Research & Allied MaterialsView Video
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to mining
Ben Turney, CEO at Kavango Resources, explains the company's progress from exploration to miningView Video

Latest Share Chat

UPDATE 1-UK regulator rejects Shell's plans to develop N.Sea gasfield -sources

Wed, 06th Oct 2021 21:36

(Adds details)

LONDON, Oct 6 (Reuters) - A British regulator rejected Royal
Dutch Shell's plans to develop the Jackdaw gasfield in
the North Sea after considering its environmental statement,
industry sources said on Wednesday.

"We’re disappointed by the decision and are considering the
implications," a Shell spokesperson said.

It was unclear on what grounds the Offshore Petroleum
Regulator for Environment and Decommissioning (OPRED) refused to
approve the environmental statement for the field's development.

The Department for Business, Energy and Industrial Strategy,
under whose umbrella OPRED operates, did not immediately reply
to a request for comment.

The decision comes as Britain and other European countries
were saddled with record natural gas and oil prices due to a
supply crunch ahead of the cold winter months.

It also comes days before Britain is due to hold the COP26
climate conference bringing decision makers from all over the
world together to find a way to keep global warming below 1.5
degrees Celsius compared with pre-industrial temperatures.
(Reporting by Ron Bousso; writing by Shadia Nasralla; Editing
by Leslie Adler and Marguerita Choy)

Related Shares

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, par...

7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating th...

31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.