Shell offloads North Sea assets as price slump bites
Royal Dutch Shell is selling two assets in the North Sea as the big energy companies respond to high production costs and a slump in crude prices by turning their backs on the basin.
Shell’s stake in the Gannet field, a complex of ageing oil production platforms and pipelines 110 miles east of Aberdeen, is being marketed to potential buyers, industry sources told The Times. The Anglo-Dutch group is also looking to sell off its 26 per cent stake in Triton… (FULL ARTICLE)
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