Stay updated with breaking news from Alan Bruce. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Stock prices in London opened higher on Friday, with oil companies and an encouraging trading update from International Consolidated Airlines boosting the FTSE 100. The index opened up 56.10 points,... | May 5, 2023
Energy firm’s 30% stake in field off Shetlands up for sale amid fierce opposition to new North Sea drilling
The oil major holds a 30% stake in the project, while Ithaca Energy owns the rest
The project - west of Shetland - is the second-largest undeveloped discovery in the UK's North Sea.
Ithaca Energy PLC (LSE:ITH) said Shell PLC (LSE:SHEL, NYSE:SHEL) has formally agreed to sell its 30% interest in Cambo, the second-largest undeveloped oil...