Shell increases stake in Schiehallion, divests Canadian Seal assets

Shell has increased its stake in the North Sea Schiehallion field while selling its interest the Seal area in Canada to Murphy Oil Company.

Shell has increased its stake in the North Sea Schiehallion field while selling its interest the Seal area in Canada to Murphy Oil Company.

Shell acquired Murphy Schiehallion's 5.9% stake in the Schiehallion field west of Shetlands taking its stake to 55%, saying that it "offers Shell access to substantial additional reserves and redevelopment potential in the UK, a current and future heartland for Shell Upstream in Europe."

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.