Shell buys into 190 mln boe Cluff gas projects in UK North Sea

08/02/2019 09:51 Oil Market

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Royal Dutch Shell bought stakes and options in gas licenses in the southern British North Sea estimated to contain a total of 190 million barrels of oil equivalent from Cluff Natural Resources, Cluff said on Friday.

Cluff’s P2437 license, of which Shell now has an option to buy 50 percent until April 30, contains the Selene prospect next to Shell operated infrastructure linked to the Barque gas field which exports gas into the Bacton Gas Terminal.

 

Shell agreed to buy 70 percent of the P2252 license and will become its operator.

Source:reuters.com

 

Over 500 Agreements to be Signed at Russian Investment Forum

14/02/2019 09:55:00

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Germany set to build LNG terminals amid European gas battle

14/02/2019 09:51:00

Germany will likely build 2 terminals to import LNG, Economy Minister Peter Altmaier said as Oilprice reported, in a move to appease the U.S. while Berlin also supports the Russia-led Nord Stream 2 gas pipeline, which has divided the EU member states in recent years.

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Daily (13.02.2019): EU carbon prices fell by over 7% to hit a new 2019 low

13/02/2019 11:49:00

Oil prices reversed trend to hike on Tuesday, stimulated by the steep OPEC supply cuts, led by Saudi Arabia’s biggest drop in pumping activity. Brent oil traded 1.5% higher at $62.42 a barrel, while WTI crude increased by 1.3% to $53.10 a barrel.

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