US EditionAnalysis: UK North Sea's oil and gas future darkens after Shell's Cambo exit
2 Articles
2 Articles
Analysis: UK North Sea's oil and gas future darkens after Shell's Cambo exit
By Shadia Nasralla and Ron Bousso LONDON - Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters. But on Thursday Royal Dutch Shell, Siccar Point's partner in the project, pulled its support for Cambo amid a wider
Analysis: UK North Sea’s oil and gas future darkens after Shell’s Cambo exit
December 3, 2021By Shadia Nasralla and Ron BoussoLONDON (Reuters) – Up until a few days ago, the leadership of British North Sea producer Siccar Point was negotiating the sale of a stake in the promising Cambo oil development to another private equity-backed company, NEO, sources told Reuters.But on Thursday Royal Dutch Shell, Siccar Point’s partner in the project, pulled its support for Cambo amid a wider public debate about the future of f…
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