Latest News for: Oilfield development

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Shell U-turn on Cambo could mean end for big North Sea oil projects

The Guardian 03 Dec 2021
Industry sources say Siccar Point will struggle to find new partner to take on Shell’s 30% stake in oilfield ...
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Shell pulls out of Cambo to leave future of North Sea oil in doubt

The Times/The Sunday Times 03 Dec 2021
The firm’s decision not to invest in the Cambo oilfield raises questions over whether the offshore oil and gas industry will be able to develop ...
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Shell ditches Cambo oilfield plans throwing future of project into doubt

The Independent 03 Dec 2021
Shell has scrapped its plans to develop the Cambo North Sea oilfield, throwing the future of the controversial project firmly opposed by climate activists into doubt.
photo: Creative Commons
Royal Dutch Shell petrol prices, as of the date specified
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Cambo: Jobs warning as Shell pulls out of oil field development

BBC News 03 Dec 2021
Siccar Point Energy said it would continue talks with the UK government about developing the oil field, located west of Shetland ... So, the real question Shell's decision raises is whether the UK government is willing to put its net-zero ambitions ahead of the huge tax revenues the project could deliver and deny a licence to develop the oilfield.
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Shell scraps plans to develop Cambo North Sea oilfield

TheNewsHOOK 03 Dec 2021
Shell scraps plans to develop Cambo North Sea oilfield ....
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Shell ditches Cambo oilfield plans throwing future of project in doubt

The Independent 02 Dec 2021
Shell has scrapped its plans to develop the Cambo North Sea oilfield, throwing the future of the project firmly opposed by climate activists in doubt.
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Shell and partner scrap plans to develop North Sea oilfield

FX Empire 02 Dec 2021
LONDON (Reuters) – Royal Dutch Shell and Siccar Point have decided not to go ahead with the development of the Cambo oilfield in the British North Sea due to a weak economic case, Shell said on Thursday. “After comprehensive screening of the proposed Cambo development, we have ...
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Sudan appoints Khalifa Ahmed as new acting Public Prosecutor

FX Empire 02 Dec 2021
The statement added that Abdel Fattah al-Burhan, army chief and head of the council, reviewed security developments regarding “assaults on the armed forces on the ... Shell and partner scrap plans to develop North Sea oilfield.
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Fed’s Daly says officials may need to start crafting plan for rate increase

FX Empire 02 Dec 2021
(Reporting by Jonnelle Marte). Advertisement. Don't miss a thing! Sign up for a daily update delivered to your inbox. Sign Up. Latest Articles. See All. Expand Your Knowledge. See All ... Stock Buybacks ... Shell and partner scrap plans to develop North Sea oilfield ... ....
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PPF looking at divesting or taking on partners in some Home Credit markets

FX Empire 02 Dec 2021
Home Credit has taken a hit since the start of the coronavirus pandemic ...Hard to say.”.There are countries where we believe there is strong development potential and we want to develop them further, and we are quite happy to develop them further by ourselves,” she said ... 20 ... Advertisement ... Shell and partner scrap plans to develop North Sea oilfield.
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Fed’s Barkin says he supports ‘normalizing’ monetary policy

FX Empire 02 Dec 2021
An important part of the U.S ... “I do take seriously actual inflation and its impact, and that’s why I’m supportive of normalizing policy as we’re doing,” he said. (Reporting by Jonnelle Marte; Editing by Paul Simao) ... Shell and partner scrap plans to develop North Sea oilfield ... ....
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S.Africa’s health body sees threefold higher risk of reinfection from Omicron

FX Empire 02 Dec 2021
JOHANNESBURG (Reuters) – The new Omicron variant of the coronavirus poses a threefold higher risk of reinfection than the currently dominant Delta variant and the Beta strain, a group of South African health bodies said on Thursday ... Shell and partner scrap plans to develop North Sea oilfield ... ....
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Turkish banks will support new low-rates economic model, association head says

FX Empire 02 Dec 2021
Under pressure from Erdogan, the central bank has slashed rates to 15% from 19% since September, while Erdogan has said Turkey will prioritise growth, employment and investments ... He said efforts were underway to boost capital ... Advertisement ... Sign Up. Latest Articles. See All ... See All ... Shell and partner scrap plans to develop North Sea oilfield ... Loading.
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U.S. SEC mandates Chinese companies detail ownership structure, audits

FX Empire 02 Dec 2021
By Katanga Johnson. WASHINGTON (Reuters) -Chinese companies that list on U.S. stock exchanges must disclose whether they are owned or controlled by a government entity, and provide evidence of their auditing inspections, the Securities and Exchange Commission (SEC) said on Thursday ... rules ... Shell and partner scrap plans to develop North Sea oilfield.
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