09:25 AM EDT, 04/08/2024 (MT Newswires) -- (Updates with Shell's response in the third paragraph.)

Shell (SHEL) and Saudi Aramco, which are competing to buy the assets of Temasek-owned Pavilion Energy, are in final talks over price negotiations, Reuters reported Friday, citing three unnamed people familiar with the matter.

The asset sale may fetch more than $2 billion, the report said, citing two of the sources.

Temasek and Shell declined MT Newswires' requests for comment, while Pavilion Energy and Aramco did not respond.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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