Royal Dutch Shell Plc (RDSA) sold part of its stake in an offshore Brazil oilfield as Europe’s largest oil company steps up disposals to offset capital spending. Shell agreed to sell a 23 percent stake in the Parque das Conchas field, or BC-10, to Qatar Petroleum International Ltd. for about $1 billion, it said in a statement today. The Hague-based company will retain a 50 percent stake and will continue to operate the field, it said. Shell is selling assets to bring down its net capital investment, or spending on projects adjusted for acquisitions and disposals, which climbed to a record $45 billion last year. Shell issued its first profit warning in a decade this month, saying fourth-quarter earnings will be about half those of a year earlier as the cost of projects rises. The BC-10 field is currently producing about 50,000 barrels of oil equivalent a day. The […]