International fuel supplier Royal Dutch Shell (AMS:RDSA,NYSE:RDS.B) has agreed to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. to the Norwegian Energy Company (FWB:CJ1) for US$1.9 billion. Shell's subsidiary Shell Overseas Limited penned the deal with Noreco that will divest Shell from Denmark's offshore oil and gas sector. The sale, which is subject to regulatory approvals, should be completed in 2019. "Today's announcement is consistent with Shell's strategy to simplify its portfolio through a US$30 billion divestment program, and contributes to our goal of reshaping the company into a world class investment case,'' Andy Brown, Shell's upstream director, said in the company announcement. The monumental deal for Noreco will solidify the energy fuels producer as the second largest oil and gas producer in Denmark, as well as a formidable exploration and production company.