Shell in talks to sell $1.3 bln of Gulf Coast assets -Bloomberg [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Shell in talks to sell $1.3 billion of Gulf Coast assets: Bloomberg | Reuters 1 Min Read (Reuters) - Royal Dutch Shell Plc ( RDSa.AS ) is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter. The deal could value Shell's stake in the Caesar Tonga field at about $1.3 billion, the report said. ( bloom.bg/2xsl7CO ) Shell has a 22.5 percent working interest in Caesar Tonga, with the rest owned by companies including Anadarko Petroleum Corp ( APC.N ), Equinor ASA ( EQNR.OL ) and Chevron Corp ( CVX.N ), Bloomberg said, citing company filings. Shell and Focus Oil did not immediately respond to a request for comment. Reporting by Sathvik N in Bengaluru, Editing by Rosalba O'Brien All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Shell in talks to sell $1.3 billion of Gulf
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