Shell to Sell Sinco Pipeline and Colex Terminal to Edgewater
Shell Global(SHEL) ZACKS·2024-09-02 19:35
Shell plc's (SHEL) subsidiary, Shell USA, Inc., has announced that its both units, Shell Pipeline Company LP and Triton West LLC, will sell the entire stake in the Sinco pipeline system and Colex terminal to a subsidiary of Edgewater Midstream LLC (Edgewater), Houston, TX-based midstream company. This strategic divestiture is aligned with Shell's ongoing efforts to simplify its portfolio and focus on more value-driven projects with lower emissions. The sale is subject to regulatory approval and expected to ...