Shell has put its upstream holdings in New Zealand, which account for a significant chunk of the nation’s oil and gas production, up for sale. “These assets are profitable, well maintained and are an important part of New Zealand’s energy mix,” Shell New Zealand Chairman Rob Jager said in a statement Thursday. “The Shell business in New Zealand is great, but a small part of the global Shell business and hence the decision to undertake a strategic review at this time.” Shell is streamlining its global portfolio given the current low oil price environment. Article continues below… Oilgram News brings you fast-breaking global petroleum and gas news on and including: Industry players, upstream and downstream markets, refineries, midstream transportation and financial reports Supply and demand trends, government actions, exploration and technology Daily futures summary Weekly API statistics, and much more “Shell is focusing on large growth opportunities, with deepwater […]