Jackdaw rejection likely a ‘politically driven decision’, claims analyst

Jackdaw rejection likely a ‘politically driven decision’, claims analyst

The UK regulator’s decision not to approve Shell’s Jackdaw plan could have been impacted by the ongoing Cambo storm, an analyst has claimed.

Ashley Kelty, oil and gas analyst at investment bank Panmure Gordon, said he’s been left puzzled by the decision not to approve the Environmental Statement for the project.

As such, in the absence of “rationale” from the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED), he suspects the verdict is “likely a politically driven” one.