Royal Dutch Shell Gains 4%

Royal Dutch Shell is up 4% after Centrica said it agreed to sell gas assets in Trinidad and Tobago for $30 million to Royal Dutch Shell.

The assets include a 17.3% interest in the producing NCMA-1 block as well as operating interests in two undeveloped blocks and 80% and 90% operated interests respectively in the undeveloped blocks NCMA-4 and Block 22, Centrica said. Centrica also will receive further payments subject to Block 22 and NCMA-4 reaching agreed project milestones. The deal is seen closing in 1H17.

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