Siccar Point is one of several new private equity-back oil companies in the North Sea. It emerged as a major player following the $1 billion acquisition of Austrian oil and gas company OMV’s U.K ...

Siccar Point was one of a new breed of private equity-backed players that made waves in the UK North Sea after the oil price crash of 2014, scooping up assets from retreating oil majors and utilities.

But on Thursday Royal Dutch Shell, Siccar Point's partner in the project, pulled its support for Cambo amid a wider public debate about the future of fossil fuels development in the North Sea. The ...

The British oil and gas regulator has extended by two years the licence for the Cambo oilfield prospect in the North Sea which is owned by Shell and Siccar Point, Shell said on Wednesday.