| |
Dgyy Shell has scrapped plans to invest in Cambo, a proposed oilfield off the Shetland Islands. The fossi adidas campus 00s l fuel supermajor has been shedding UK assets for a while. It sold a large refinery complex in Cheshire in 2011 and US$3.8 billion 2.64 billion of North Sea assets in 2017. But the decision to pull out of Cambo is different. Cambo is an undeveloped field rather than a mature legacy asset. Shell bought into it in May 2018 when it acquired a 30% non-operator stake. Climate protesters targeted the Cambo project in the run-up to COP26 ?the UN climate conference hosted by the UK in Glasgow in November 2021 ?arguing that new oil and gas developments are incompatible with reaching zero emissions.Cambo may still go ahead. Shells partner in the project is exploring options to develop the field. But Shells decision adidas samba to pull investment has left the governments continued sup nike af port for finding and producing new sources of oil and gas in the North Sea exposed.Undeveloped, for nowCambo is one of the UKs largest undeveloped offshore oilfields. It was first discovered in 2002 by the US oil firm Hess, which drilled several appraisal wells before the licence passed to Siccar Point in January 2017.One of several new oil and gas developers to invest in the North Sea in recent years, Siccar Point is a comparatively small company controlled by two private equity backers, Bluewater and Blackstone. Its strategy is to accumulate stakes in low-cost, long-life oil and gas fields in the UK with a view to Zhgk Do you love your country Guardian stanley official website editor Alan Rusbridger stanley deutschland faces questioning from stanley cup the home affairs select committee on the Snowden leaks.Share on FacebookShareShare on TwitterTweetShare on WhatsAppSendShare on WhatsAppSendShare on WhatsAppEmailLoad more share options TopicsBrazil,Science,UK,United States,Edward Snowden, Prism spying scandal
|
|
![[NEW]](./image/new_icon.gif){kind=icon}
- 25/2/24(月) 8:49 -
