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.
Cambo
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.
Energy hierarchy? Security of supply is coming out on top
I recently heard a BBC Scotland reporter state, almost as a throw-away “fact” about energy problems arising from the Ukraine war, that Scotland is, of course, unaffected because we produce more power than we consume.
Sturgeon accused of having ‘fingers in ears’ after refusing to shift stance on Cambo
Scotland’s First Minister has been described as a threat to energy security after she reiterated her opposition to a controversial North Sea oilfield.
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.
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.
De-politicising energy: The key to a sustainable transition
Recent commodity volatility has made front-page news. As economies around the world emerge from two years of restrictions, demand is rebounding quickly, with consensus suggesting that consumption will outpace pre-pandemic levels by the end of the year.
‘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.
Energy reality bites as Ukraine crisis unfolds
The madness in Ukraine has dramatically fast-forwarded issues that were already in the making. Soaring energy prices, over-reliance on imported gas, storage which is essential to facilitate the growth of renewables … the list goes on and on.
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.
North Sea production ‘must decline’ at 7% per year to meet climate goals, UCL report says
A new report finds that new oil and gas licensing is not compatible with the UK’s climate commitments and targets set out by the Paris Agreement.
PM: North Sea vital for green goal
Boris Johnson has delivered a huge vote of confidence in the North Sea oil and gas industry by claiming “everybody credible” understands the sector cannot be abandoned in the near term.
‘Push on and do more’: Serica Energy looks to next level of North Sea investment
“A really opportune moment” beckons for Serica Energy, according to chief executive Mitch Flegg, with gas prices strong, new production online and, since the turn of the year, reaching a major milestone for its North Sea business.
Analysts predict surge of idle FPSOs as market overflows
More than 20 floating production storage and offloading (FPSO) vessels are currently awaiting redeployment across the globe.
‘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.
Climate activists hit out at Ithaca and OGA over ‘tiny’ oil and gas field approval
Climate campaigners have questioned the decision to green light a North Sea oil and gas field that they claim will provide “little to no benefit” to the UK.
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.
‘It felt like a body blow’: Shell CEO reflects on 2021
Shell CEO Ben van Beurden has reflected on a turbulent 12 months for the company, which have seen court rulings, massive shareholder dividends and a permanent move to the UK.
Equinor: ‘Expect an update on Rosebank this year’
Equinor has said it will provide an update on the concept for the Rosebank project in the West of Shetland later this year.
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.
Aftermath of COP26 questions future of fossil fuels finance and what’s next for renewable energy investing
The COP26 climate conference in Glasgow should have made uncomfortable viewing for fossil fuel executives.
‘I am Brad and I proudly work in the oil industry – don’t judge me’
If you work in the oil industry this feels like the mandatory, apologetic disclaimer required before being allowed to weigh-in on the energy transition nowadays.