Shell pulls out of Cambo oil field development
The oil giant said the economic case for investment in the controversial project was "not strong enough".
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The oil giant said the economic case for investment in the controversial project was "not strong enough".
Huge doubt has been cast on the future of the Cambo oilfield in the west of Shetland after Shell decided not to progress the project. The oil giant, who
Royal Dutch Shell Plc pulled out of a controversial UK oil project, a win for environmentalists as the development of a new North Sea field was left hanging in the balance.
Future of Siccar Point Energy-operated development in west of Shetland area left in question after supermajor heads for exit door
Thousands of British businesses need state-backed rescue measures to arrest declining production amid surging energy costs, the head of the Energy Intensive User Group warned.