• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 3 hours UK, Stay in EU, Says Tusk
  • 5 hours Socialists want to exorcise the O&G demon by 2030
  • 3 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 13 hours How Is Greenland Dealing With Climate Change?
  • 13 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 19 mins Venezuela continues to sink in misery
  • 15 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 1 hour What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 10 hours Maritime Act of 2020 and pending carbon tax effects
  • 1 day "Peace Agreement" Russia vs Japan: Control Over Islands Not Up For Discussion
  • 17 hours Trump inclined to declare national emergency if talks continue to stall - Twitter hides this as "sensitive material"
  • 23 hours Solid-State Batteries
  • 22 hours Orphan Wells
Oil Stabilizes As OPEC Implements Cuts

Oil Stabilizes As OPEC Implements Cuts

The oil rally slowed down…

Oil Markets Could See Deficit In 2019

Oil Markets Could See Deficit In 2019

The OPEC+ cuts and slowing…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Total Opens $5B Gas Plant off Shetland Islands

Total Gas Plant Shetlands

French energy giant Total SA has officially cut the red tape on a US$5-billion gas processing plant on the British Shetland Islands that will eventually produce enough energy to supply some 2 million homes.

The plant is expected to reach production of 500 million cubic feet of gas per day, or the equivalent of 90,000 barrels of oil, making it the largest project in the UK in recent years.

About 2,500 workers were employed to build the gas processing facility, for which construction began in 2010.

Related: Oil Markets Balancing Much Faster Than Thought

The plant began processing gas extracted from the Laggan and Tormore fields, North West of Shetland, on February 7, eventually ramping up to its full 90,000 barrels per day capacity for its official opening on Monday.

This western Shetland region contains an estimated one-fifth of the UK's remaining oil and gas reserves, and the Laggan-Tomore development is expected to provide around 8 percent of the UK's gas needs.

Gas from these fields, which are some 77 miles off the coast, is then piped to a plant near the Sullom Voe Terminal before being transported to the UK mainland via pipeline and injected into the grid.

Related: Falling Chinese Demand Could Intensify The Oil War

Total chairman Patrick Pouyanne said, "The Laggan-Tormore development demonstrates Total's continued commitment to the United Kingdom. By opening up its third production hub in the frontier deep offshore waters of the West of Shetland, Total is also improving the United Kingdom's long-term energy security. This subsea-to-shore development is the first of its kind in the country and will provide the domestic market with 8% of its daily gas requirements while enabling the potential for further developments in the West of Shetland area."

This vast project comes as the gas and oil industry is going through a difficult period due to collapsed prices. Delayed investments, cuts in spending and divestitures of assets have led to 5,500 jobs being slashed in the North Sea oil sector alone.

By James Burgess of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News