Shell and Exxon's UK Gas Asset Sale to Viaro Energy Collapses

Shell and Exxon's UK gas asset sale to Viaro Energy collapses

Shell and Exxon Mobil have halted a planned sale of ​natural gas assets in Britain's Southern ‌North Sea to British oil producer Viaro Energy, Shell said in a statement on Wednesday.

Shell and Exxon Pull Planned North Sea Gas Sale To Viaro

(Bloomberg) — Shell Plc and Exxon Mobil Corp. canceled a proposed deal to sell natural gas assets in the North Sea to upstart firm Viaro Energy.

Shell and Exxon Cancel North Sea Gas Asset Sale to Viaro Energy

ExxonMobil and Shell have decided not to proceed with a planned sale of their joint assets in the southern UK North Sea to Viaro Energy.  Despite months of work to complete the transaction, completion conditions have not been met and the deal has been subject of a lengthy review by the UK’s regulator, the North Sea Transition Authority (NSTA).  Last year, Viaro Energy signed an agreement to take over Shell and Exxon’s UK Southern North Sea asset…

Shell stock in focus: scrapped UK gas sale, sliding oil and buyback pace before London open

London, Jan 15, 2026, 07:12 GMT — Premarket Shares of Shell Plc opened Thursday in London after the company and Exxon Mobil pulled out of a planned sale of their UK Southern North Sea gas assets to Viaro Energy, citing changing commercial and market conditions. Shell will continue to operate the package, which covers 11 gas fields plus the onshore Bacton terminal. Viaro CEO Francesco Mazzagatti said the deal was “fully funded” before both partie…

Shell, Exxon Pull Planned North Sea Gas Sale To Viaro

Shell Plc and Exxon Mobil Corp. canceled a proposed deal to sell natural gas assets in the North Sea to upstart firm Viaro Energy.

Shell Scraps £500m North Sea Sale Amid Fraud Allegations — What It Means for Corporate Due Diligence

In a sudden reversal that has sent ripples through energy markets and corporate governance circles, Royal Dutch Shell plc and ExxonMobil have abandoned a £500 million sale of natural gas assets in the Southern North Sea after concerns emerged about the prospective buyer, Viaro Energy, and ongoing fraud allegations against its leadership.  The agreement, originally announced in July 2024, would have transferred interests in 11 gas fields and the …