British energy company BP said it started sea trials for a floating production platform that will serve as a hub for developments west of the Shetland Islands. BP, working on behalf of a consortium that includes Royal Dutch Shell and Austrian energy company OMV, said it started sea trials for its Glen Lyon floating production storage and offload vessel. The vessel will serve eventually as a hub for a development in the North Sea meant to extend the life of the regional Schiehallion and Loyal fields. In production since 1998, the two fields have combined so far for 400 million barrels of oil. The new development, dubbed Quad204, aims to tap into the remaining 450 million barrels yet to be exploited . […]