Today news
About the same in other media
Work on Cambo oilfield paused after Shell withdrawal
Reading now: 993
Work on the Cambo oilfield off Shetland is being paused, its developers have said, plunging the future of oil exploration in the area into doubt.
Shell, which had been planning to develop the field with the private equity-backed fossil fuel explorer Siccar Point Energy, pulled out of the project last week after fierce opposition to it from environmental activists.
On Friday Siccar’s chief executive, Jonathan Roger, said: “Following Shell’s announcement last week, we are in a position where the Cambo project cannot progress on the originally planned timescale. We are pausing the development while we evaluate next steps.”
The UK government was facing a legal challenge from Greenpeace over its decision to allow the drilling to go ahead. After
Read more on theguardian.comAbout this in other media
‘We are strongmen’: Polish workers help bring UK its Christmas turkeys theguardian.com /2 years ago
COVID: Omicron 'tidal wave' prompts UK to urge out-of-work teachers to return to classrooms euronews.com /2 years ago
Inside the FCA’s wild year: ‘I have never worked in such an unhappy place’ fnlondon.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
