Shell sells stakes in 6 Gulf of Mexico oil fields

LONDON: Royal Dutch Shell says it is selling its interest in six oil fields in the Gulf of Mexico for $450 million.

Shell said Friday that it was selling those interests to W&T Energy VI, a subsidiary of W&T Offshore, Inc., of Houston.

Shell says the sale is part of its plan to shed up to $8 billion in assets this year and next to invest in growth opportunities.

Shell says it is continuing to invest in deepwater drilling in the Gulf of Mexico.