Rosebank’s co-owner Ithaca Energy wants to take over the challenge of reviving Cambo. They’ve just submitted an application to the government to get Cambo approved for drilling
The crisis in the Middle East is a startling wake up call that continuing to rely on fossil fuels leaves us vulnerable to the whims of volatile leaders.
Cambo: Billion pound ‘gamble’ risks our collective safety
Ithaca Energy has acquired the controlling 70% stake in the Cambo oil field as part of its takeover of Aberdeen-based Siccar Point Energy. Shell holds the remaining 30% stake in Cambo. The change of ownership does not mean that the field has been approved for development. The new owners will still need to apply to the regulator for permission to extract any oil and gas.
Cambo oil field's licence extension keeps doomed project on ‘life support’
Environmental campaigners have condemned the decision by the UK Government’s oil and gas regulator to grant a 2 year extension to the licence to develop the controversial Cambo oil field.This decision does not mean that the Cambo field has been given the go ahead for drilling, and campaigners say the extension merely delays the inevitable rejection of the field and the transition away from fossil fuels.
BREAKING: Cambo licence extended for two years
The UK government had a chance today to make the right decision and side with the people of the UK. But once again they chose to cast their lot with oil giants Shell and Siccar Point Energy. New oil and gas fields offer no solution to the UK’s energy problems. That the government is still encouraging them is a scandal.
New fast-tracked fields will create huge emissions but not lower bills
The six new North Sea oil and gas fields reportedly set to be fast-track this year will produce levels of CO2 equal to almost half the UK’s yearly total emissions, according to new analysis.
Stop Cambo Reaction to the Chancellor's Spring Statement
The eye watering rise in the price of oil and gas is why a quarter of UK households won’t be able to pay their energy bills this Autumn, and yet the oil and gas companies, who are swimming in profits, have not been asked to put their hand in their pocket to help.
BREAKING: Shell is asking the UK government to approve the Jackdaw gas field. We're here to stop it.
We know Jackdaw will do nothing to help energy independence or lower energy costs, but it create huge profits for Shell and lock us even further into our dependency on fossil fuels.
