Shell (RDS.A, RDS.B) agrees to acquire Hess' (HES) interests in the Beryl area fields and the...

|By:, SA News Editor

Shell (RDS.A, RDS.B) agrees to acquire Hess' (HES) interests in the Beryl area fields and the Scottish Area Gas Evacuation System for $525M. The deal is a “mild positive” for HES in its efforts to raise cash, Tudor Pickering says, and the deal is in line with its strategy to divest non-core, mature assets.