Sector News

Shell considers sale of some of its $3bn Norwegian assets

November 14, 2016

Oil major Shell plans to sell off part of its $3billion Norwegian business.

The move comes as the firm looks to divest a number of its assets across the globe.

According to a report in the Sunday Times, the decision comes amid growing pressure from investors to pay down debt from its takeover of BG Group.

Investment bank Rothschild is being used to conduct a review of Shell’s assets in Norway.

One suggestion being made is that Shell would sell off its shares in the assets it operates but keep its investments in others it does not run.

Source: Energy Voice

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