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Published 4 years ago • loading... • Updated 4 years ago

Shell U-turn on Cambo could mean end for big North Sea oil projects

Summary by Ground News

Shell’s retreat has cast doubt over the future of the project. Industry sources claim it raises fresh doubts over future large-scale oil projects. Shell scrapped the Cambo project after the government made clear it would need to meet certain “climate concessions” to win approval.

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Shell U-turn on Cambo could mean end for big North Sea oil projects

Industry sources say Siccar Point will struggle to find new partner to take on Shell’s 30% stake in oilfield

4 years ago·London, United Kingdom

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The Guardian broke the news in London, United Kingdom 4 years ago on Friday, December 3, 2021.

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