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Gazprom (OGZPY.PK) and Royal Dutch Shell (RDS.A, RDS.B) agree to jointly develop offshore Arctic...

Gazprom (OGZPY.PK) and Royal Dutch Shell (RDS.A, RDS.B) agree to jointly develop offshore Arctic oil fields in the Chukchi and Pechora seas; Shell is likely to have a 33.3% stake. The deal also confirms a 50-50 partnership for the exploration and production of shale oil in the Khanty-Mansiysk region of western Siberia, and sets up a potential JV in South Africa. (previous)
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  • Worn out 123
    , contributor
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    RDS -- Always searching, seeking, investing in its future. Oil pps has but one direction to go, up. Those who find and have the oil will prosper. Long RDS/B, PPL, AVIV.
    9 Apr 2013, 10:22 AM Reply Like
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