May 31 (UPI) — Royal Dutch Shell said Wednesday it was keeping its exploration and production portfolio in place in Australia, but stepping back from its aviation business.
Shell’s aviation subsidiary in Australia sold to independent Viva Energy Australia for $250 million in line with the Dutch supermajor’s efforts to streamline its portfolio. Shell keeps its brand name visible in the aviation refueling sector as Viva Energy remains the licensee of its fuels.
“Shell’s upstream operations in Australia, which include exploration, production and gas commercialization, are not impacted by this announcement,” the company stated.