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The Guardian - UK

Business

Mark Sweney

FORGOTTEN HISTORY: Cambo oilfield development could be back on after takeover | History Defined

Cambo Ithaca Energy Shell United Kingdom

A Friends of the Earth demonstration in 2021 calling for an end to all new oil and gas projects in the North Sea, starting with the proposed Cambo oilfield, outside the UK Government's Cop26 hub during the Cop26 summit in Glasgow. — A demonstration in Glasgow in 2021 against the Cambo oilfield project. Photograph: Jane Barlow/PA

The Cambo oilfield off the Shetland Islands could now be developed after a $1.5bn (£1.1bn) takeover of the owner of the controversial site.

Siccar Point Energy, which put the project on “pause” when its partner Shell pulled out late last year after fierce opposition from environmental activists, has been acquired by Ithaca Energy.

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