Royal Dutch Shell a global group of energy and petrochemical companies. I have a holding in my income portfolio (epic code: RDSB)
Shell announced today, from what is believed to be a major programme of divestments, that it has agreed to sell its 8% equity interest in
the Wheatstone-Iago Joint Venture and 6.4% interest in the 8.9m tonnes
per annum Wheatstone liquefied natural gas project in Western Australia for a
cash consideration of US$1.135bn to the Kuwait Foreign Petroleum Exploration
Company.
Some analysts are expecting Shell's divestment programme under new CEO Ben van Beurden to reach $30bn of non-core assets. This may include some of its North Sea oil, US shale and Nigerian assets.
No comments:
Post a Comment