Cambo oilfield development could be back on after takeover

Ithaca Energy buys Siccar Point, which paused project when Shell pulled out after environmental opposition

The Cambo oilfield off the Shetland Islands could now be developed after a $1.5bn (1.1bn) takeover of the owner of the controversial site.

Siccar Point Energy, which put the project on pause" when its partner Shell pulled out late last year after fierce opposition from environmental activists, has been acquired by Ithaca Energy.