Shell and Exxon Mobil scrap sale of Southern North Sea natural gas assets to Viaro Energy
Shell and Exxon Mobil have canceled the planned sale of their Southern North Sea gas assets to Viaro Energy. The companies cited changed market conditions for the move.
Insights:
Shell plc and Exxon Mobil Corporation have announced the cancellation of their planned sale of natural gas assets in the Southern North Sea to Viaro Energy. The decision to halt the transaction, which was originally agreed upon in July 2024, was made public on January 14, 2025. Both parties attributed the termination of the deal to evolved commercial and market conditions that prevented the successful completion of the transfer.
