Shell to sell Permian assets to ConocoPhillips

Shell to sell Permian assets to ConocoPhillips
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27.09.2021

MOSCOW (MRC) -- Royal Dutch Shell has agreed to sell its business in the Permian Basin, the biggest oilfield in the US, to rival ConocoPhillips for USD9.5bn in cash, reported Financial Times.The Anglo-Dutch oil supermajor had pointed to the Permian as one of its core oil and gas-producing regions as recently as this year. But it is under intense pressure to accelerate a shift out of fossi

Full article at mrcplast.com

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