Shell and Exxon Halt Sale of Key U.K. North Sea Gas Assets

Key Takeaways Shell and Exxon halted the sale of North Sea gas assets to Viaro after deal conditions were not met.The transaction stalled as shifting market and commercial factors blocked completion.The portfolio of key offshore fields and the Bacton terminal will now be operated by Shell.Shell plc (SHEL) and Exxon Mobil Corporation (XOM) have called off their planned sale of U.K. North Sea natural gas assets to Viaro Energy, ending months of negotiations and regulatory engagement. The companies said the co ...