Offshore Market Reports

India’s robust growth trajectory and thriving demand for consumer products as well as clean energy to fuel its growth plans, have put Malaysia’s national oil company PETRONAS in a unique position to support the republic’s future aspirations. PETRONAS, which has more than two decades of strategic partnerships in India, is…
Marathon Oil Corporation announced it has signed an agreement to sell its Canadian subsidiary, which includes the Company's 20 percent non-operated interest in the Athabasca Oil Sands Project (AOSP), to Shell and Canadian Natural Resources Limited for $2.5 billion in cash, excluding closing adjustments. Marathon Oil also announced the signing…
Royal Dutch Shell plc announces the signing of two agreements by Shell Canada Energy , Shell Canada Limited and Shell Canada Resources which are detailed in this announcement that will see Shell sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the…
Anadarko Petroleum Corporation announced it has agreed to sell its operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania to Alta Marcellus Development, LLC, a wholly owned subsidiary of Alta Resources Development, LLC, for approximately $1.24 billion. The midstream assets in the Marcellus…
Shell has completed the sale of a 31.2% shareholding in Showa Shell Sekiyu K.K. to Idemitsu Kosan Co. Ltd. for a total amount of JPY159 billion (approximately US$1.4 billion). Completion follows anti-trust approval from the Japan Fair Trade Commission. John Abbott, Shell Downstream Director, said: “Shell has enjoyed a long…
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