Shell has lined up the investment bank Rothschild to conduct a review of its $3bn Norwegian division: MATS ANDA/GETTY IMAGES
Danny Fortson: November 13 2016,
Shell is considering a sale of part or all of its $3bn Norwegian business as Britain’s biggest company comes under growing investor pressure to pay down debt from its blockbuster takeover of rival BG.
The oil titan has lined up the investment bank Rothschild to conduct a review of the division, which operates several large fields in the Norwegian North Sea and has smaller stakes in many others.
When Shell splashed out £35bn on BG last year, chief executive Ben van Beurden pledged to sell $30bn (£24bn) in assets to offset the price tag. Progress has been slow…
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All created and supported by internet wizz, Nick Gill.
