Tag: Maarten Wetselaar

Shell to sell New Zealand assets to OMV for $578 million

VIENNA, Austria (AFP) — Anglo-Dutch energy giant Royal Dutch Shell has announced it will sell assets in New Zealand to the Austrian oil and gas group OMV for $578mn. The deal includes stakes in the Maui and Pohokura gas fields and follows the company’s sale of its stake in the Kapuni field last year. Shell opened operations in New Zealand in 1911, but in 2015 announced a review of activities there as part of a […]