Deals
Shell Is in Talks to Sell $1.3 Billion in Gulf Coast Assets
- Oil major seeks to sell its Caesar Tonga stake to Focus Oil
- Shell is nearing end of $30 billion divestment program
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Royal Dutch Shell Plc, shedding assets to pay for its takeover of BG Group Plc, is in talks to sell its interest in a Gulf of Mexico oilfield to Focus Oil, according to people familiar with the matter.
The deal could value Shell’s stake in the Caesar Tonga field at about $1.3 billion, said the people, who asked to not be identified because the matter isn’t public. A deal hasn’t been completed and negotiations could still fall apart, they said.