Shell and Exxon Abandon Sale of Strategic Gas Assets to Viaro Energy
Shell and Exxon Mobil abandon plans to sell the Bacton terminal and eleven offshore facilities in the UK North Sea to Viaro Energy. The collapse of negotiations raises questions about the future of these strategic infrastructures for UK gas supply.
| Countries | Émirats Arabes Unis, Belgique, Royaume-Uni, Italie, Pays-Bas |
|---|---|
| Companies | Shell, ExxonMobil, Perenco |
| Sector | Gaz |
| Theme | Régulation & Gouvernance |
Shell and Exxon Mobil have terminated negotiations to divest North Sea gas assets in the UK to Viaro Energy. According to both majors, several months of discussions failed to overcome regulatory and commercial hurdles. The North Sea Transition Authority (NSTA), the UK sector regulator, reportedly requested additional information from Viaro before reaching a decision.
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