02-02-2017 17:57 via uk.news.yahoo.com

Shell says renegotiating Permian joint venture with Anadarko

By Ron Bousso LONDON (Reuters) - Royal Dutch Shell and Anadarko Petroleum are renegotiating their five-year-old joint venture in the Permian shale basin in Texas, Shell Chief Financial Officer Simon Henry said on Thursday. The 50-50 JV in the Delaware basin, which expires this year, will likely see the operatorship of the asset "consolidated in a different way", Henry said in an earnings presentation to analysts. Henry also said that Shell's position in the Haynesville basin to the east of the P
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