13th Oct 2015 05:27
LONDON (Alliance News) - Royal Dutch Shell PLC is selling two assets in the North Sea, The Times reported on Tuesday.
The assets are being sold as the Anglo-Dutch group and other big energy companies take action on high production costs and low crude prices.
Citing industry sources, the report said that Shell's stake in the Gannet field is being marketed to potential buyers. Shell owns 50% of the field.
In addition, Shell wants to sell its 26% stake in Triton, a floating production, storage and offloading vessel, the report said.
Shell declined to comment on the sales to The Times, although the company said it "is continuously looking at opportunities worldwide".
http://www.thetimes.co.uk/tto/business/industries/naturalresources/article4583865.ece
By Samuel Agini; [email protected]; @samuelagini
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