Shell ups exposure to Beryl fields in the North Sea

Oil giant Royal Dutch Shell is looking to buy Hess Corporation's stakes in the Beryl area fields and the Scottish Area Gas Evacuation Systems (SAGE) in the North Sea.

Oil giant Royal Dutch Shell is looking to buy Hess Corporation's stakes in the Beryl area fields and the Scottish Area Gas Evacuation Systems (SAGE) in the North Sea.

The company announced on Thursday morning that it had signed an agreement with Hess to increase its participation in the area for $525m.

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