Shell in Talks to Buy BP's Stake in Shearwater for $250 Million - Reuters

Date : 04/24/2019 @ 12:04PM
Source : Dow Jones News

Shell in Talks to Buy BP's Stake in Shearwater for $250 Million - Reuters

Royal Dutch Shell (LSE:RDSB)
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--Royal Dutch Shell PLC (RDSB.LN) is in talks to buy BP PLC's (BP.LN) stake in the Shearwater gas field in the U.K.'s North Sea for around $250 million, Reuters reports, citing sources.

--Shell and BP, which hold 28% and 27.5% stakes in Shearwater respectively, have held talks in recent weeks and are close to an agreement, according to Reuters.

--The deal could still fall through however, Reuters reports.

 

Full story: https://reut.rs/2Vkv965

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

April 24, 2019 06:49 ET (10:49 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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