Shell, Cnooc sign global strategic alliance agreement

|By:, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) and Cnooc (CEO) sign a global strategic alliance agreement, which includes exploring potential cooperation opportunities in upstream, midstream and downstream projects, as well as bringing more and cleaner energy to China.

The companies also commit to work together in liquefied natural gas projects and upstream deepwater projects in Gabon, Brazil and elsewhere.

BP also is unveiling a ~$20B agreement to supply LNG to China; both deals will be announced today by U.K. Prime Minister Cameron and China Premier Li Keqiang.