London-based Chrysaor, backed by private equity fund EIG Partners, would be the buyer in a deal seen as a “litmus test” for rising interest in upstream assets, Reuters reported. According to a separate Bloomberg report, Canada’s largest pension fund is also on board.
Shell is working to shed around USD 30 billion worth of assets by 2018 in order to offset some of the costs associated with its USD 54-billion acquisition of BG Group in early 2016.
The company has already disposed of some USD 7.8 billion worth of assets, Reuters added.
Image courtesy of Shell
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
This website uses cookies.