Shell sells stake in Gulf of Mexico field for $965 million

FILE PHOTO: The logo of Royal Dutch Shell is seen at a petrol station in Sint-Pieters-Leeuw, Belgium January 30, 2019. REUTERS/Yves Herman/File Photo

(Reuters) – Royal Dutch Shell on Thursday agreed to sell its 22.45 percent stake in the Caesar Tonga field in the Gulf of Mexico for $965 million in cash to a subsidiary of Israeli energy conglomerate Delek Group. Located in the Gulf of Mexico, 300 km south of Louisiana, the field’s current production rate is […]

Continue reading this article with a Fiji Times online membership.

More Stories