Shell to sell $7.25 bln of Canadian production assets

By Staff reporter 9 March 2017

Shell has announced the sale of $7.25 billion of production assets in Canada’s oilsands as part of the major’s divestment plan following the acquisition of BG Group.

The interests will be sold to Canadian Natural Resources, but the deal does not include the company’s 10% stake in the Athabasca mining project.

With almost $5 billion of divestments completed in 2016, another $5 billion announced in January and the sale of its Canadian oilsands assets, Shell is halfway towards completing its $30 billion divestment target – which is...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up