Shell sells non-core Canadian oil assets for $1 billion
Royal Dutch Shell on Thursday said that it is selling about 2.06 lakh acres of non-core oil and gas properties in western Canada to Tourmaline Oil Corp for about $1.03 billion. The deal consists of $758 million in cash and Tourmaline shares valued at $279 million, Shell said. Together the properties produce around 24,850 barrels of oil equivalent per day.