Tag: Upstream

Shell ending upstream operations in California with sale of Aera Energy stake

Shell Offshore Inc., a subsidiary of Shell plc, will sell its 100% interest in Shell Onshore Ventures LLC to IKAV for about $2 billion, the company announced. Shell Onshore Ventures holds a 51.8% membership...

Petronas exploring $3 billion African upstream asset sale

(Bloomberg) — Malaysian state oil company Petroliam Nasional Bhd. has started inviting bids for its upstream assets in Africa, which could fetch as much as $3 billion, people with knowledge of the matter...

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