Shell sells Brazilian oil field stake for $1bn

Shell is to sell a 23% interest in an oil field offshore Brazil for $1 billion (£0.6bn). Qatar Petroleum International, the global arm of Qatar Petroleum, which is the world’s largest liquefied natural gas exporter, is buying the stake in the Parque das Conchas (BC-10). Shell will continue to operate it with a 50% interest. […]

Shell to boost oil production in Brazil

Royal Dutch Shell has unveiled plans to boost production with two new deepwater projects in Brazil. Working alongside its partners, it aims to go ahead with the projects at Parque das Conchas and the Bijupira/Salema fields. For the first field, they have decided to move forward with Phase 3 of the project which will include […]