Royal Dutch Shell (RDS.A +0.4%) says it will not revise its offer for Cove Energy (CNVGF.PK),...

|About: Royal Dutch Shell plc (RDS.A)|By:, SA News Editor

Royal Dutch Shell (RDS.A +0.4%) says it will not revise its offer for Cove Energy (CNVGF.PK), effectively conceding the auction of the company to PTT. Shell had been interested in acquiring Cove in order to enter potential liquefied natural gas developments in Mozambique and other exploration positions in the region. (earlier)