Shell in Talks to Buy BP's Stake in Shearwater for $250 Million - Reuters
April 24 2019 - 7:04AM
Dow Jones News
--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
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(END) Dow Jones Newswires
April 24, 2019 06:49 ET (10:49 GMT)
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