British energy company BP said Wednesday it was marking the start of a campaign west of the Shetland Islands with deepwater drilling in the Loyal oil field. BP is working as the operator at the Loyal field on behalf of its partners at Royal Dutch Shell and Austrian energy company OMV using the Deepsea Aberdeen rig. BP President for North Sea operations Trevor Garlick said the start of drilling marks an “important milestone” for regional operations . The British company said five wells are planned in the area. First oil is expected by the end of 2016 and will be moved to a new floating, production, storage and offload vessel. BP, which has been the focus of potential takeover rumors […]