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Friday, October 20 2017 @ 12:59 AM AST

Shell to buy Chevron's Trinidad & Tobago assets for US$250 million

Anglo-Dutch European integrated major Royal Dutch Shell, the liquified natural gas (LNG) majority shareholder in Point Fortin-based Atlantic LNG plant announced yesterday it will buy Chevron's assets for US$250 million, the Oil & Gas Journal http://www.ogj.com/articles/2017/05/s...obago.html and Newsday http://www.newsday.co.tt/news/0,244387.html reported yesterday.

The blocks include the stalled side of the Loran-Manatee cross-border gas field shared with Venezuela.

Trinidad and Tobago currently has a bid round in progress. For more visit: http://news.co.tt/public_html/article...3083116383

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