Shell scraps plans to develop Cambo North Sea oilfield
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The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
Shell has pulled out of the Cambo offshore project, citing weak economics, though environmentalists have claimed the move as a victory.
Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists seeking to halt the development...
Future of Siccar Point Energy-operated development in west of Shetland area left in question after supermajor heads for exit door
The billionaire industrialist has hit out at politicians who have failed to support the controversial Cambo oil and gas development