Decisions to grant Shell the rights to explore for oil and gas didn’t follow fair procedure and the decision-maker failed to take relevant considerations into account, according to a judgment.
According to Fortune Business Insights, the global downhole tools market value is projected to grow from USD 4.06 billion in 2019 to USD 5.30 billion in.
BG International, an affiliate of Shell U.K., has taken the final investment decision (FID) to develop the Jackdaw gas field in the UK North Sea, following regulatory approval earlier this year. The project is expected to come online in the mid-2020s, and at peak production rates, could represent over 6% of projected UK North Sea gas production in the middle of this decade.