WELLINGTON, New Zealand—Royal Dutch Shell PLC has taken a step toward an exit from its New Zealand assets with a deal to sell its 50% stake in a natural-gas field to its local venture partner, Todd Energy. The agreement will also see Shell take full control of a joint-venture company that operates two further gas ventures in New Zealand, simplifying Shell’s operating structure as it looks to offload the assets. Financial terms...

Source: Wall Street Journal April 06, 2017 00:56 UTC