Saturday, December 10, 2016
 
 
Video: Page (1) of 1 - 01/29/14 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Shell Selling A Stake In Brazilian Oil Project

By DMO Affiliate
Royal Dutch Shell said Wednesday that it had agreed to sell for about $1 billion a minority interest in an offshore Brazilian oil project to Qatar Petroleum International, the emirates vehicle for oil and gas investments abroad. The Brazilian project, called Parque das Conchas, fits the pattern of assets that Shell and other large oil companies are looking to sell as investors demand better returns from capital spending that has soared in recent years. Shell is raising money while not giving up control by selling 23 percent of its stake and keeping the remaining 50 percent. It will also save capital on a possible third stage of the project, a midsize oil field that began producing in 2009 and now yields 50,000 barrels per day.
Shell Selling A Stake In Brazilian Oil Project




Page: 1


null
 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines