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Shell Will Sell Shares Of US Pipeline Business

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June 18, 2014

Royal Dutch Shell Plc (NYSE: RDS-A, RDS-B) will sell shares in a U.S. pipeline business in the second half of this year as Europe’s largest oil company takes advantage of investor appetite for North America’s energy infrastructure, Bloomberg said June 18.

Shell Midstream Partners LP’s assets are expected to consist of ownership interests in four onshore and offshore pipelines located primarily in Texas and Louisiana, according to a statement June 18. The Houston-based company will trade on the New York Stock Exchange under the ticker “SHLX.”

Pipeline companies structured as ...

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