Shell Expects Oil, Gas Output in Brazil to Quadruple by 2020
Wednesday, 17th February 2016
Royal Dutch Shell, Europe's largest oil company, expects to make robust investments in Brazil's offshore resources, hoping to quadruple oil and gas output of the country by 2020, while predicting that oil prices would rebound this year to levels that would allow production in Brazil’s ultra deepwater fields to break even.
El Paso Agrees to Sell All Its Oil and Gas Fields in Egypt
Sunday, 6th May 2012
El Paso Corp. (EP) , the pipeline company being bought by Kinder Morgan Inc. (KMI), has agreed to sell its oil and natural-gas fields in Egypt to an unidentified buyer, reducing its first-quarter results by about $62 million.