EnergyWatch

Shell divests of its North Sea assets for USD 3.8 billion

Oil major Shell is divesting massively of its assets in the North Sea to the relatively unknown and young oil company Chrysaor. The sale will bring Shell USD 3.8 billion.

Photo: Royal Dutch Shell PR

This decade's biggest sale in the North Sea has just materialized. In a large-scale, historic transaction, Shell has divested far more than half of the company's daily production in the North Sea in just one sale, informs Shell.

The buyer is the British oil company Chrysaor, which was founded in 2007 and is backed by parties including three equity funds.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Glencore books huge profit from gas crisis

The exorbitant natural gas prices have led several countries to reverse course on coal. This has served to benefit mining company Glencore, which, unlike competitors, has decided not to cut down on coal production.

Pelosi's Taiwan visit could impact Tesla's battery supplies

According to Bloomberg, the Chinese government has interfered with Chinese battery manufacturer CATL’s plans to build a factory in the US. A decision on where to build the factory has reportedly been postponed due to Nancy Pelosi’s visit to Taiwan. Updated.

Further reading

Related articles

Latest News

See all jobs