BRIDGET CARTER: Mergers & Acquisitions Editor, Sydney
GRETCHEN FRIEMANN: Mergers & Acquisitions Editor, Sydney
19 August 2016
Shell has called on investment bank JPMorgan to offload its $1 billion-plus portfolio of oil exploration and production assets in New Zealand, with some analysts questioning whether Australian players will express interest in the offering.
It comes as part of a global selldown by the oil and gas giant, which signalled a retreat from various markets, amid a $US30bn ($39bn) global asset sale plan following its $US50bn takeover of BG Group.