Shell is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday.
A view shows a board with the logo of Shell at the company's fuel station in Saint Petersburg, Russia March 8, 2022. REUTERS/Anton Vaganovis exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday.
Shareholders and regulators also have been pressuring Shell to pare back oil and gas operations and shift toward cleaner forms of energy.Shell has begun soliciting buyer interest for its Auger hub and its 37.5% stake in the Conger field, which is operated by Hess Corp
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