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Oil Giants Chevron and Shell Sell Pipelines

Extract from an article by Matthew Monks published by Bloomberg News on 27 Feb 2014

Screen Shot 2013-12-22 at 19.09.52Chevron Corp. (CVX) and Royal Dutch Shell Plc (RDSA) are seizing on a surge in demand for pipelines and storage facilities to raise cash for oil and gas exploration. Shell wants to sell part of its Houston-to-Houma crude oil pipeline and use some of the proceeds to invest in drilling projects, people said last month. If it and Chevron are successful, other large oil companies may also enter the market.

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