Siccar Point Energy has enjoyed a $359 million boost thanks to its holding in the BP Schiehallion field in the West of Shetland.
Siccar Point Energy
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.
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 has struck a deal to buy Siccar Point Energy, operator of the controversial Cambo project, for just shy of $1.5 billion.
Securing an extension to the Cambo licenses affords Siccar Point Energy time to find the right partner to progress the project.
Shearwater GeoServices has been awarded a contract for a 4D seismic monitor project at Equinor’s Mariner field offshore UK.
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.
Industry leaders have been debating as news emerges that Shell is reconsidering its exit of the Cambo oilfield.
Shell has said it is working with Siccar Point Energy and the UK Government to “map out the next steps” on the Cambo project.
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.
While the future of the Cambo project remains on hold, Siccar Point Energy’s intentions for the scheme could soon become clearer.
Shell’s chief executive has reiterated that financial motives were the driver behind the supermajor’s decision to pull out of Cambo.
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.
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 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.
While the future of the divisive Cambo field still hangs in the balance a key contract for the project may soon be allocated.
There was a real sense of juxtaposition in Scotland’s energy industry on December 3.
Siccar Point Energy has said it is "pausing" the Cambo oil project in the West of Shetland after Shell decided to pull out of the controversial development.
The North Sea boss of Shell has addressed the controversy surrounding the oil giant’s decision to exit the Cambo oil field in the West of Shetland.
Shell’s shock decision to back out of the contentious Cambo field caps a tough few months for the oil giant, as far as the North Sea goes.
The decision by Shell not to invest in the Cambo project has been deemed a “huge blow” for the UK industry and the potential for emissions-busting technology in the West of Shetland.
Shell pulling out of the west of Shetland Cambo project may boil down to the cost of stricter environmental legislation and a reduced appetite for investment, an oil and gas industry expert said today (December 3).
A union boss has voiced concerns that Shell’s choice to withdraw from Cambo could put a dent in plans for a 'just transition'.
An industry veteran says it's a “worry” to see people toasting Shell’s decision not to progress a controversial North Sea project.
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.