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Posts on ‘November 13th, 2016’

Shell to sell off Norway oilfields

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screen-shot-2016-10-20-at-23-00-27Shell has lined up the investment bank Rothschild to conduct a review of its $3bn Norwegian division: MATS ANDA/GETTY IMAGES

Danny Fortson: November 13 2016,

Shell is considering a sale of part or all of its $3bn Norwegian business as Britain’s biggest company comes under growing investor pressure to pay down debt from its blockbuster takeover of rival BG.

The oil titan has lined up the investment bank Rothschild to conduct a review of the division, which operates several large fields in the Norwegian North Sea and has smaller stakes in many others. read more

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