Shell offers US$ 1.6 billion for Cove Energy
Shell exploration and Production has offered US$ 1.6 billion (£ 992.4 million) to buy UK based Cove Energy.
Exploration - 22 February 2012
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USA and Mexico to cooperate on Gulf of Mexico E&P
The USA and Mexico have agreed to work together when drilling for oil and gas that goes beyond the shared maritime boundary. The US secretary of State Hilary Clinton and The Mexican Foreign Secretary signed the deal yesterday in the presence of the Mexican President Felipe Calderon and the US Interior Minister Ken Salazar.