Work on Cambo oilfield paused after Shell withdrawal

Move to stop and 'evaluate next steps' throws future of project and of oil exploration in area into doubtWork on the Cambo oilfield off Shetland is being paused, its developers have said, plunging the future of oil exploration in the area into doubt.Shell, which had been planning to develop the field with the private equity-backed fossil fuel explorer Siccar Point Energy, pulled out of the project last week after fierce opposition to it from environmental activists. Continue reading...