Scotland Office minister to meet Cambo field developers
The Scotland Office minister will meet the developers of the controversial proposed Cambo oil field, saying it is "far preferable" for oil and gas to come from domestic sources than importing.
The Scotland Office minister will meet the developers of the controversial proposed Cambo oil field, saying it is "far preferable" for oil and gas to come from domestic sources than importing.
The chief executive of Oil and Gas UK (OGUK) has written to the First Minister Nicola Sturgeon, issuing a jobs warning over “high-profile negative campaigns” against the Cambo oil field.
Nicola Sturgeon has asked the UK Government to “reassess” oil and gas licences already issued – including the controversial Cambo development.
Nicola Sturgeon has been questioned by climate activists on her stance towards plans to develop the Cambo oil field in the West of Shetland.
Boris Johnson has insisted that "we can't just tear up contracts" as campaigners urged him to block the Cambo oilfield project, west of Shetland.
A letter signed by 80,000 people calling for the Prime Minister to block an oil project he claimed to have no knowledge of was dropped off at 10 Downing Street today by campaigners.
The chief executive of Shell said today that “symbolic” bans on oil and gas exploration and production would not help the UK tackle climate change.
Shares in Hurricane Energy climbed this morning after activist fund Crystal Amber hoisted its holding in the troubled oil firm above 25%.
A dozen activists have staged a protest at a UK Government building in Edinburgh in hope of convincing ministers to reject proposals for the Cambo oilfield, west of Shetland.
Activist investor Crystal Amber says Bluewater Energy is “very keen” to discuss options for keeping its Aoka Mizu vessel on Hurricane Energy’s Lancaster field.
Troubled UK oil producer Hurricane Energy’s five non-executive directors have decided to resign, rather than wait for ballots to be held on their positions.
Robert Trice, the co-founder and former CEO of Hurricane Energy, took a total pay package of £649,000 last year as the oil firm plunged to losses of £440million.
Troubled UK oil firm Hurricane Energy said today that the Stena Don rig is now on hire to plug and abandon the Lincoln well, which it once hoped to develop, west of Shetland.
Energy giant Equinor and Altera Infrastructure are “fully engaged” in a study that could result in the vessel owner’s Petrojarl Knarr FPSO being picked for the 300 million barrel Rosebank gig.
Long-suffering shareholders of beleaguered UK oil producer Hurricane Energy have snubbed the company’s restructuring plan.
Hurricane Energy is holding out hope that a crucial deal will be reached on the Lancaster field production vessel, despite owners Bluewater marketing it for redeployment.
Private-equity backed Siccar Point Energy has taken another step en route to a final investment decision (FID) on Cambo, a major oil project west of Shetland.
Bosses at Hurricane Energy could start winding down the business as early as next year unless they can hammer out a revised vessel deal for the Lancaster field.
BP, Baker Hughes and Odfjell Drilling have formed a new alliance aimed at boosting production from Clair, western Europe’s biggest oilfield.
Hurricane Energy has sank to losses of £440million, underscoring the troubles of the west of Shetland operator.
Losses at Siccar Point Energy more than doubled in 2020 as the North Sea operator looks ahead to key decisions on its flagship Cambo field and the Equinor-operated Rosebank.
Energy giant BP has confirmed that a subsea development is among the options being weighed up for its Clair South project, west of Shetland.
Sembcorp Marine has said it is “back on track” with work on the Cambo FPSO for Siccar Point Energy.
Bosses at Hurricane Energy have conceded that the troubled UK oil firm is likely to be wound down within the next few years.
Hurricane Energy said today that an “unscheduled well intervention” was required on its Lancaster field, west of Shetland.