Shell looks to sell off its stake in controversial Cambo oilfield
by Jillian Ambrose Energy correspondent from on (#6BFNN)
Energy firm's 30% stake in field off Shetlands up for sale amid fierce opposition to new North Sea drilling
Shell is hoping to find a buyer for its stake in a controversial oilfield off the Shetland islands that became a key focus for the UK's anti-fossil fuel campaigners.
The oil company still holds a 30% stake in the Cambo oilfield more than a year after it cast the project's future in doubt by pulling the plug on its investment, blaming a weak economic case and the risk of delay.
Continue reading...