Good interest in shale fields Shell – media

(ABM FN-Dow Jones) Several oil giants are interested in Royal Dutch Shell’s oil fields in the Permian Basin. This was reported by Bloomberg news agency this weekend, citing sources.

The fields, mostly located in Texas and potentially worth $10 billion, are said to have attracted the attention of Devon Energy, ConocoPhilips and Chevron, among others.

Shell is said to have put together a data room for potential buyers.

The fields in question accounted for about 6 percent of Shell’s total oil and gas production last year.

Shell mainly extracts shale oil from the ground in Texas by means of ‘fracking’, in which the use of chemical substances leads to high CO2 emissions.

At the end of May, a court in The Hague imposed an obligation on Shell to reduce its CO2 emissions by 45 percent by 2030 compared to 2019. Should Shell withdraw from Texas, the realization of this imposed obligation will probably soon be in sight.

ABM Financial News; [email protected]; Redactie: +31(0)20 26 28 999.

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From Beursplein 5, the editors of ABM Financial News keep a close eye on developments on the stock exchanges, and the Amsterdam stock exchange in particular. The information in this column is not intended as professional investment advice or as a recommendation to make certain investments.