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”

Developer ‘pauses’ Cambo oil field development

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

Shell withdraws from Cambo oil field development

The company said that the economic case for investment in this project is “not strong enough”