Shell has announced it is moving into the heart of Aberdeen more than 50 years after it opened its first office in the city centre.
The multinational oil and gas company is taking up residence in the Silver Fin Building on Union Street.
Since 1973 the Shell office in Aberdeen has been at the industrial estate in Tullos, off Wellington Road.
Simon Roddy, senior vice president, UK Upstream for Shell UK Ltd said: “This is great news for our staff and for our future as a key player in the North Sea’s energy transition.
“We are working on exciting projects and technologies like carbon capture and storage and hydrogen production.
“This is the right move for our teams as we help shape that lower-carbon future, supporting the UK’s journey to net zero, while continuing to provide the energy the country relies on through the transition.”
The organisation said it wanted to be part of the regeneration of Aberdeen city centre as it builds back from the coronavirus pandemic.
Councillor Jenny Laing, leader of Aberdeen City Council, said: “As the city emerges from the unprecedented effects of the Covid-19 pandemic, the council has been accelerating work on the City Centre Masterplan and providing the necessary assurance and confidence to business and investors that Aberdeen is building back better.
“Grade A office accommodation will help both retain existing and attract new businesses – we need the people who work here to also spend time in our shops, bars, restaurants and public spaces.
“Shell’s announcement of its relocation to Silver Fin is a positive for the city and signals their confidence in Aberdeen and the city centre to other businesses and investors.
The oil giant, along with ScottishPower, submitted multiple proposals for new large-scale floating offshore windfarms as part of Crown Estate Scotland’s ScotWind Leasing.
In February this year, Shell announced it had plunged into the red with a £16bn full-year loss after hefty writedowns as oil prices crashed amid the pandemic.
It followed the company’s reshaping announcement involving cutting 330 jobs from its North Sea operations.
The future of the current Shell office in Tullos is yet to be determined.