Shell offloads North Sea assets as price slump bites
Published at 12:01AM, October 13 2015
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)
The TRUTH will set you FREE.
No comments:
Post a Comment