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Daily Record
Daily Record
Politics
Peter Davidson

Shell 'reconsidering' its decision to pull out of Cambo oilfield in Scotland

Energy giant Shell is reportedly reconsidering its decision to pull out of the controversial Cambo oilfield off the coast of Shetland.

Work on the proposed development was paused in December 2021 after the oil firm decided to withdraw from the project, concluding the economic case for investment was "not strong enough".

However, 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.

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