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Shell, Cnooc sign global strategic alliance agreement

Jun. 17, 2014 2:58 PM ETShell plc (SHEL) StockCEO, BP, SHELBy: Carl Surran, SA News Editor2 Comments
  • Royal Dutch Shell (RDS.A, RDS.B) and Cnooc (NYSE: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.

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