Category: Orca
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Shell sheds minor stake in Brazil’s deepwater oil & gas project to Middle Eastern firm
Shell sheds minor stake in Brazil’s deepwater oil & gas project to Middle Eastern firm Shell has struck a deal to offload a minor interest in an oil and gas development off the coast of Brazil to Energy Development Corporation (EDC), an affiliate of Kuwait Foreign Petroleum Exploration Company (KUFPEC), which is a subsidiary of…
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Valaris books $300 million Shell drilling contract offshore Brazil
Valaris books $300 million Shell drilling contract offshore Brazil Offshore drilling contractor Valaris Limited [NYSE: VAL] reports that Shell has awarded it a multi-year contract offshore Brazil for its drillship Valaris DS-8. The contract is expected to commence in the first quarter of 2027, with an estimated duration of approximately 800 days and a total…