Canadian listed Sterling Resources has announced the sale of the UK arm of its business for US$163 million. This is the third notable North Sea deal announced in 2017 and will bring the total value traded to around US$4 billion with further deals in the pipeline. Following shareholder approval and subsequent deal completion Sterling Resources will be wound up. Conversely Oranje Nassau Energie has been looking to grow its portfolio in the Southern North Sea. This gas centric deal follows the acquisition of an interest in the Sean field from Shell in 2015.