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Cambo oil and gas field licence extended as UK backs domestic supply
The UK’s North Sea oil and gas license for controversial Cambo has been extended by two more years.
Share Talk Weekly Energy Sector News Round-Up, 11th December 2021
Just one week after Shell pulled out, a major North Sea oil development was halted. According to Siccar Point’s boss, who holds a 70% stake, the Cambo oilfield development will
Just one week after Shell pulled out, a major North Sea oil development was halted.
According to Siccar Point’s boss, who holds a 70% stake, the Cambo oilfield development will be halted.
The lack of support from the UK and Scottish governments caused oil giant to pull out of Cambo field.
Shell pulled out of a major North Sea oil project that was supposed to help secure UK energy supplies. This was in addition to lacklustre political support from Westminster and
Shell & BP paid zero corporation taxes on North Sea oil and gas production in three years.
According to company filings, Shell and BP have not paid any corporation taxes on North Sea oil and gas production over the past three years.