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Evening Standard
Evening Standard
Business
Rhiannon Curry

Controversial North Sea oil field Cambo moves closer as developer Siccar bought by Ithaca Energy for $1.5bn

A police officer speaks to one of the campaigners from Greenpeace outside Downing Street, London, during a protest against the Cambo oil field off the west coast of Shetland

(Picture: PA)

Controversial plans to develop the Cambo oil field in the North Sea have moved a step closer after the company behind the plans was bought in a $1.5 billion (£1.2 billion) deal.

Siccar Point Energy, which part-owns the licence to the field, is being bought by Ithaca Energy, part of the Israeli energy conglomerate Delek Group.

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