If new oil fields are halted, energy prices will continue to soar, says Energy Minister

Greg Hands has said not giving the green light to projects like Cambo would be “bad” for the UK’s energy security and emissions

Israeli firm buys Cambo oil field developer

Siccar Point Energy’s acquisition by Ithaca Energy has been hailed as a ‘transformational deal’

Cambo oil field given two-year licence-extension

Shell told ELN the company will “evaluate all potential future options for the project”

Shell to invest £25 billion in UK’s energy sector

Three-quarters of this investment will support offshore wind, hydrogen and EVs

Shell reportedly reconsiders withdrawal plan for Cambo oil field

The oil and gas giant had previously said the economic case for investment in this project was not “strong enough”

Nicola Sturgeon: “North Sea oil not solution to Russian reliance”

Scotland’s First Minister said that more renewables could provide energy independence in the long-term

Will the UK greenlight six new oil and gas fields in North Sea?

Ministers are reportedly pressed to fast-track licences for the development of these projects

Royal Dutch Shell changes its name

The company’s announcement follows its decision to scrap its head office in the Netherlands

Shell acquires US solar and energy storage firm

Savion has currently more than 18GW of solar power and battery storage in the pipeline

Developer ‘pauses’ Cambo oil field development

The Chief Executive of the developer company said they will “evaluate the next steps” of the project