Shell (SHEL) and Exxon Mobil (XOM) unit Esso Exploration and Production UK have decided against proceeding with the planned sale of their natural gas assets in the UK's Southern North Sea to Viaro Energy, a Shell spokesperson told MT Newswires in an e-mailed statement Wednesday.
"Despite a constructive process, completion conditions were not met as commercial and market conditions evolved," the spokesperson said.
Viaro didn't immediately respond to MT Newswires' request for comment.
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