Royal Dutch Shell Plc and Ovintiv Inc. agreed to sell their positions in the Duvernay play in Canada's Alberta province in separate, multimillion-dollar transactions announced Feb. 17.

For Shell, the transaction marks the latest divestiture in the North American country by the European oil major as it transitions its businesses away from fossil fuel reliance. Meanwhile, Ovintiv’s sale of its Duvernay assets comes roughly a month after an activist investor launched a proxy fight for three seats on the Denver-based producer’s board.

Crescent Point Energy Corp. agreed to acquire Shell’s position in the Kaybob Duvernay play for CA$900 million (US$709 million), the Calgary, Alberta-based company said in a Feb. 17 release.

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