Interview: Chrysaor boss eyes further growth after Shell deal
Shell has agreed to sell assets that contributed more than half of the company’s UK North Sea production last year.
Shell has agreed to sell assets that contributed more than half of the company’s UK North Sea production last year.
Crude prices may have stabilized, but it’s still not a great time to be Big Oil.
Shell has agreed to sell a set of UK North Sea assets to Chrysaor for up to $3.8billion (£3billion).
Royal Dutch Shell Plc’s $3.8 billion sale of North Sea oil and gas fields creates a model for further transactions in a region where the question of who pays to remove decades-old offshore platforms has been an obstacle for other deals.
Chrysaor’s deal for a package of Shell’s North Sea assets is a strong vote of confidence for the North Sea, Oil and Gas UK (OGUK) said.
Scotland’s energy minister has said that Chrysaor’s deal for Shell assets proved the country’s oil and gas industry still had a bright future.
Chrysaor’s chief executive said today that the acquisition of £3billion worth of North Sea assets from Shell could be just a start for the company he founded.
The Oil and Gas Authority (OGA) today welcomed Shell's sale of North Sea assets to Chrysaor.
A stake in the Schiehallion field was the surprise inclusion in Shell’s $3.8billion North Sea asset sale to Chrysaor, an oil and gas analyst said today.
Shell will divest two of its Thai subsidiaries to the Kuwait Foreign Petroleum Exploration Company for $900million (£720million).
Shell has agreed to sell a set of UK North Sea assets to Chrysaor for up to $3.8billion (£3billion).
Investors monitoring the fourth quarter results of Shell and BP must look beyond the top line figures to get a good reading of the firms’ vital signs.
Shell is close to sealing the deal to sell a large part of its North Sea oil and gas assets, according to several banking sources.
Nigeria is seizing one of Africa’s richest oil blocs and could prosecute petroleum giants Shell and Eni over a corruption scandal, court documents show.
Oil giant Shell has succeeded in a High Court battle to block claims brought against it by more than 40,000 Nigerians from being heard by the English courts.
Kazakhstan has agreed to continue talks over a tax dispute with a consortium of oil majors led by Shell and Eni.
Oil giant Shell finds out today if it has won a battle to block claims brought against it by more than 40,000 Nigerians from being heard by the English courts.
Shell and Phillips 66 have bought 6.4million barrels of oil collectively from the Strategic Petroleum Reserve.
Environmental group the WWF has said oil firms should not be allowed to “dodge their obligations” to dispose of old platforms in the North Sea.
Shell has taken a significant chunk out of its $30billion divestment plan total.
Liquidators are closing in on the sale of one of the North Sea’s largest undeveloped discoveries.
Oil majors Shell and BP are expected to reveal large increases in fourth quarter earnings next month, an analyst said yesterday.
The US Government said yesterday that it had cleared Shell and Statoil to bid for an offshore wind farm licence off North Carolina later this year.
Shell is moving to seal off the second of two exploration wells off Nova Scotia.
Shell has been hit with improvement points after an audit was carried out by the Norwegian Petroleum Safety Authority (PSA) on working conditions in the central control room at the Nyhamna facility.