Government to fast track five North Sea oil and gas fields, including Cambo and Murlach
A handful of North Sea oil and gas schemes have been included in a list of infrastructure projects the UK Government is aiming to fast track.
Siccar Point Energy
A fossil fuel investment resurgence amidst Europe’s energy crisis?
With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.
Report: Shell launches process to offload stake in Cambo field
Oil giant Shell (LON:SHEL) has begun a hunt to find a buyer for its stake in the controversial Cambo field in the UK North Sea, according to reports.
Up to 1,600 jobs expected from £8bn Rosebank megaproject
Equinor (OSLO:EQNR) has published economic analysis for its long-awaited Rosebank project, which sets out commitments to support thousands of UK jobs and invest billions of pounds in the local supply chain.
Shell position on Cambo ‘hasn’t changed’, despite reports to the contrary
There has been no change to Shell’s stance on Cambo and it still has no intention to progress the field, the company’s chief executive has confirmed.
Siccar Point mulling next steps for 80m barrel gas field that could hinge on Cambo
North Sea firm Siccar Point Energy is nearing a decision on how best to proceed with its West of Shetland Tornado project.
Equinor handed two-year extension to Rosebank licences ahead of FID
Equinor has been handed an extension to the Rosebank licences – paving the way for an investment green light.
Ithaca Energy could bring planned North Sea spend forward in response to windfall tax measures
Ithaca Energy said the government's new windfall tax could accelerate the timeline for planned North Sea capex as the company looks to cash in on the investment relief.
Oil protestors flooded Kwasi Kwarteng with 20,000 emails to block Cambo
The Tory energy secretary was dealing with 100 campaign messages a day as climate activists fought to block the controversial Cambo oil field expansion off Shetland.
Siccar Point enjoys $359m boost from BP Schiehallion field
Siccar Point Energy has enjoyed a $359 million boost thanks to its holding in the BP Schiehallion field in the West of Shetland.
Ithaca aiming for ‘support from all parties’ on Cambo push
The chairman of Ithaca Energy, soon to be the new operator of the controversial Cambo oilfield, has said the firm wants open dialogue with environmentalists and other parties on its future.
New Cambo owners making ‘billion-pound gamble’ say campaigners
Environmental groups say a change of ownership at the controversial Cambo development will not alter the prospects for what they call a "doomed" field, following news that Ithaca Energy will acquire operator Siccar Point.
Ithaca Energy to buy Cambo operator Siccar Point in $1.5 billion deal
Ithaca Energy has struck a deal to buy Siccar Point Energy, operator of the controversial Cambo project, for just shy of $1.5 billion.
Cambo extension gives Siccar Point time to identify the right partner
Securing an extension to the Cambo licenses affords Siccar Point Energy time to find the right partner to progress the project.
Shearwater to perform third seismic survey at Equinor’s Mariner field
Shearwater GeoServices has been awarded a contract for a 4D seismic monitor project at Equinor’s Mariner field offshore UK.
Siccar Point and Shell handed extension to Cambo licences
Siccar Point Energy and Shell have been granted a two-year extension to the licences for the Cambo oil field, paving a potential future for the project.
‘Cambo has to go ahead’: Industry debates as Shell reconsiders oilfield exit
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.
Shell ‘mapping out next steps’ on Cambo
Shell has said it is working with Siccar Point Energy and the UK Government to “map out the next steps” on the Cambo project.
‘Uptick’ in North Sea IPOs forecast with high oil and gas prices on course to continue
North Sea initial public offerings (IPOs) could be back on the menu with healthy oil and gas prices tipped to continue for much of 2022.
With the Cambo licence due to expire soon, what options are open to Siccar Point?
While the future of the Cambo project remains on hold, Siccar Point Energy’s intentions for the scheme could soon become clearer.
‘It didn’t make sense to allocate money there’ – Shell CEO on Cambo
Shell’s chief executive has reiterated that financial motives were the driver behind the supermajor’s decision to pull out of Cambo.
Government pushes Siccar Point for Cambo timeline
The UK Government has asked Siccar Point Energy for an updated timeline on its controversial Cambo project, following the operator’s decision to ‘pause’ the development in December.
North Sea ‘falling behind’ as global offshore investment returns to pre-pandemic levels
The North Sea is one of just a handful of regions “falling behind” as offshore oil and gas investment returns to pre-pandemic levels around the world.
Siccar Point and partners say Equinor ‘premature’ with Mariner downgrade
Siccar Point Energy has said that Equinor, its partner and operator of the Mariner project, has been "premature" in making a huge downgrade in reserves estimates for the field.
Rystad still tipping Cambo FPSO contract for 2022 despite project uncertainty
While the future of the divisive Cambo field still hangs in the balance a key contract for the project may soon be allocated.