--Royal Dutch Shell PLC has dropped plans to develop the North Sea Cambo oil project off the Shetland Isles, Sky News reports.

--The oil giant scrapped its plans after concluding the economic case wasn't strong enough, though the project was a focal point for environmental campaigners, Sky News reports.

--Shell co-owned the field with 70% owner and operator Siccar Point Energy Ltd., which separately confirmed Shell wouldn't progress its investment, Sky News reports.

 

Full story: bit.ly/3pm7MpM

 

Write to Joe Hoppe at joseph.hoppe@wsj.com

 

(END) Dow Jones Newswires

December 03, 2021 01:14 ET (06:14 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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