Written by Mark Lammey – 22/10/2016 5:30 am
Oil and gas giant Shell plans to sell $30billion worth of assets from 2016 to 2018 to offset the cost of its $50billion takeover of BG Group, which was completed in February.
By the end of June, 2016, Shell had completed deals worth $1.5billion, according to its half-year results update.
Of that sum, $820million was generated by offloading interests in Shell Midstream Partners, while $560million came from the sale of property, plant and equipment and businesses.