Fossil Energy – Cambo
Ithaca Energy has agreed to acquire the remaining 30% stake in Cambo from Shell, taking Ithaca Energy’s stake in Cambo to 100%.
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Ithaca Energy has agreed to acquire the remaining 30% stake in Cambo from Shell, taking Ithaca Energy’s stake in Cambo to 100%.
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Shell has launched a sale process for its 30% stake in the Cambo oil prospect in the British North Sea, potentially paving the way for the field’s controversial development, industry sources said on Thursday.
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Oil giant Shell has pulled out of the controversial Cambo oil field development west of Shetland.
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