LSE:SHELOil and Gas
Shell Orca Stake Sale And Sprng Exit Test Long Term Energy Mix
Shell (LSE:SHEL) agrees to sell a 20% stake in Brazil's Orca Project to Kuwait Foreign Petroleum Exploration Company (KUFPEC).
The deal expands KUFPEC's role in the Orca development while Shell keeps operatorship and a majority interest.
In parallel, Shell progresses the sale process for its renewables platform Sprng Energy, with Aditya Birla Group joining the bidding.
For you as an investor, these moves sit at the crossroads of Shell's core oil and gas operations and its exposure to...