Shell and Exxon Halt Sale of UK Gas Assets to Viaro Energy
Shell and Exxon Mobil have halted the sale of their natural gas assets in the Southern North Sea to Viaro Energy due to unmet conditions. The deal, which included 11 gas fields and the Bacton Terminal and was agreed upon in July 2024, will not proceed despite being funded, with Shell retaining operational control of the assets.
Theia Market Signal Identification - AI AssistedPublished Jan 15, 2026
Shell and Exxon Mobil have stopped the planned sale of natural gas assets in the Southern North Sea to Viaro Energy due to unmet conditions. The sale, involving 11 gas fields and the Bacton Terminal, was agreed upon in July 2024 but will not proceed despite being funded. Shell will retain operation of the assets.
Comments