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.
Siccar Point Energy
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.
Cambo and Nigg – A day of contrast
There was a real sense of juxtaposition in Scotland’s energy industry on December 3.
‘Another nail in the coffin’: Siccar Point puts Cambo on pause after Shell pulls out
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.
Shell North Sea boss addresses Cambo controversy at industry gala
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.
Analyst: Cambo decision means Shell likely sees UKCS as a ‘difficult place to invest’
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.
Shell Cambo decision deals ‘huge blow’ to wider UK sector
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.
Aberdeen Uni oil expert delivers verdict on Shell’s Cambo exit
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).
Cambo: Union boss warns harming North Sea confidence will ‘not help a just transition’
A union boss has voiced concerns that Shell’s choice to withdraw from Cambo could put a dent in plans for a 'just transition'.
‘Early days’ but reaction to Shell’s Cambo decision a ‘worry’, says industry chief
An industry veteran says it's a “worry” to see people toasting Shell’s decision not to progress a controversial North Sea project.
Campaigners claim ‘death blow’ to Cambo oil field as Shell leaves 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.