Royal Dutch Shell said on Wednesday it had agreed to sell a stake in one of its Brazilian offshore assets to Qatar’s state-owned oil and gas company for $1bn. The disposal of a 23 per cent share in Parque das Conchas project, also dubbed BC-10, to Qatari Petroleum International comes with the Anglo-Dutch major expected to step up efforts to raise cash in 2014 and 2015. Shell, Europe’s largest oil company by market value, has been accused by investors of spending too much in recent years and Ben van Beurden, new chief executive, who took the reins at the start of this year, is under pressure to improve capital discipline. As part of that, Shell is expected to sell some $15bn worth of assets over the next two years in one of the largest disposal programmes in its history. Already this year it has announced the sale of a […]