Deals
Shell Begins Sale of U.S. Shale Assets After Impairment Charge
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Royal Dutch Shell Plc, Europe’s biggest oil company, began a sale of U.S. shale assets after booking a $2.1 billion impairment in the second quarter.
The company will sell its interest in the Eagle Ford project in Texas and plans to open a data room to potential buyers next month, The Hague-based Shell said today in an e-mailed statement. The company also will divest its holding in the Mississippi Lime area in Kansas, it said last week.