Shell gets EU clearance for $3.8bn North Sea assets sale

Shell has received clearance from the European Commission to sell a package of its UK North Sea assets for up to $3.8 billion (£3bn). Chrysaor Holdings Limited, part of EIG Global Energy Partners, will take sole control of the assets, including shareholdings in a number of oil fields and infrastructure and the relevant liences. They […]

Shell to sell UK North Sea assets for $3.8bn

Shell has agreed to sell a package of its assets in the UK North Sea for up to $3.8 billion (£3bn). The agreement with oil exploration firm Chrysaor includes an initial consideration of $3 billion (£2.4bn) and a payment of up to $600 million (£483bn) between 2018 and 2021. Shell is selling its interests in […]