MARKETS

NZ asset swap

NEW Zealand oiler Todd Energy has agreed to buy out partner Shell in the Kapuni Joint Venture, ending the pair’s 60 year relationship in the large onshore field in return for Shell gaining 100% control of Shell Todd Oil Services.

NZ asset swap

  The move is aimed at streamlining Shell's operational structure ahead of what is believed to be a sale of Shell's NZ upstream oil business later this year.   "We are pleased to be selling our interest...

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