EnergyWatch

Shell to divest of oil fields in major deal

Nine oil fields will now change ownership after Shell has opted to divest of its activities in Africa. The oil giant will now see millions trickle in.

Photo: Shell

In a deal worth millions, Shell will divest of its shares in nine oil and gas fields in Africa, to a price of USD 587 million.

The fields for sale include five in Gabon, where the new buyer Assala Energy Holdings, owned by capital asset managers The Carlyle Group, will also take over the USD 285 million debt.

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

WindEurope warns against negative auction bids

If more countries introduce negative bids, where firms pay to establish wind projects, it could lead to higher electricity bills or more pressure on the supply chain, says the industry association.

Equinor exits Russia

Norwegian oil company Equinor has taken its final step out of the Russian market by transferring joint venture assets to Rosneft.

BW Offshore halved bottom line in Q1

The Norwegian firm reports decline in several items compared to the same quarter of 2021 but predicts fine advancement in the rest of 2022, for which both floating wind projects and high energy prices show promise.

Further reading

Related articles

Latest News

See all jobs