LONDON, Jan 14 (Reuters) – Shell and Exxon Mobil have halted a planned sale of their natural gas assets in Britain’s Southern North Sea to Viaro Energy, Shell said in a statement on Wednesday. “Despite a constructive process, completion conditions were not met as commercial and market conditions evolved,” a Shell spokesperson said. (Reporting by […]
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Shell and Exxon halt UK gas asset sale to Viaro Energy
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LONDON, Jan 14 (Reuters) – Shell and Exxon Mobil have halted a planned sale of their natural gas assets in Britain’s Southern North Sea to Viaro Energy, Shell said in a statement on Wednesday.
“Despite a constructive process, completion conditions were not met as commercial and market conditions evolved,” a Shell spokesperson said.
(Reporting by Stephanie Kelly. Editing by Mark Potter)