Shell, Exxon near deal to sell North Sea assets to Viaro, sources say
Shell, Exxon near deal to sell North Sea assets to Viaro, sources say
Shell opens new tab and Exxon Mobil are nearing the southern North Sea to independent British producer Viaro Energy, three industry and banking sources said.
The potential deal is valued around $500 million, one of the sources said.
The sale of the Clipper and Leman Alpha field clusters would mark the latest step in a steady retreat of major oil and gas companies from the ageing basin in recent decades as th...
