Shell is looking to direct USD 300 million per year towards its operations in the country, covering exploration, refining, distribution and marketing. Marci confirmed the news on his personal Twitter account. Shell’s announcement comes less than a month after the company said its downstream assets in Argentina were under “strategic review.”
Earlier this month, Shell had alluded to a continued commitment to Argentina in sectors other than downstream. “A revision of our downstream portfolio means an evaluation of our model and its assets in the country … Shell has a strong commitment to Argentina, where we have more than 100 years of history,” it said in a press release.
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
This website uses cookies.