Shell sells properties ... but buys in Tunisia
With thanks to ‘oilpost’
Shell pledges spending cuts, asset sales to restore profit
The company has agreed to sell holdings valued at about $2.1 billion in Australia and Brazil. It’s seeking buyers for interests in oil and gas fields, in pipeline, fuel-refining and marketing assets from the U.S. to Nigeria. It may also exit its investment in Woodside Petroleum Ltd. worth about $6.3 billion.
“Shell has received indications of interest to acquire its refining and parts of its marketing portfolio” in Australia, it said today. The company “is also considering the sale of certain of its marketing assets in Norway and Italy.”
It sold about $300 million in assets including liquids-rich shale holdings in Ohio in the fourth quarter.
Shell secured new exploration acreage in Greenland and Tunisia in the period.
https://businessdayonline.com/2014/02/shell-pledges-spending-cuts-asset-sales-to-restore-profit/