Shell plc (SHEL) recently decided to restart production at the Penguins field in the U.K. North Sea, utilizing a modern floating production, storage and offloading (FPSO) facility. The new FPSO, operated by Shell, will become the new export route for the revamped oil and gas production, replacing the previous route via the Brent Charlie platform, which discontinued its operations in 2021.The redevelopment program also involved drilling additional wells tied back to the new FPSO.SHEL’s Expectations From the ...