Cambo: Ithaca Energy pledges to develop controversial oil field
Ithaca Energy has bought the owners of the controversial Cambo project in a $1.5bn (£1.125bn) deal. …
A spokeswoman for Shell, which still owns a 30% stake in Cambo, told the BBC that it had nothing to add to its statement in December when the oil giant said it had “concluded the economic case for investment in this project is not strong enough at this time, as well as having the potential for delays.”
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