Halting Cambo Oilfield Exposes The UK To Energy Shortages

Recent suggestions that the UK should not allow the Cambo oil and gas field development west of Shetland risk exposing the UK to energy shortages and even higher energy bills, the UK’s offshore industry body OGUK said on Monday. Last week, Scotland’s First Minister Nicola Sturgeon said that the Cambo oilfield “should not get the green light.” The Cambo field, led by operator Siccar Point Energy with Shell as a partner with a 30-percent stake, is expected to help reduce the volume of imports required to meet energy demand…