Shell considering U-turn on decision to abandon Ca

2022-04-05
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Shell 'considering U-turn' on decision to abandon Cambo oil field project - Today News Post Today News || UK News

ENERGY giant Shell is considering a U-turn on its decision to abandon the CamboCheck out some o?oil?field project19 deaths; Number of COVID patients in Ontario ICUs increases to 572, according to a new report.

Work on the proposed development off the west coast of Shetland was paused in December after Shell decided to withdraw from the project, concluding the economic case for investment was “not strong enough”.

HoweverThe Tablighi Jamaat, in New Delhi., the price of oil has since risen to more than $100 (£76) a barrel, with fears over the future of Russian oil sending prices soaring.

Sources have told the BBC that although the company’s official position remains the same, it did acknowledge the “economic, political and regulatory environment had changed enormously” in the three months since Shell announced it was pulling out of the project.

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