Source Pravda.Ru

Shell wins permits to explore for gas off northwestern Australia

Royal Dutch Shell PLC said Monday it had won two permits to explore in the oil- and gas-rich undersea region off northwestern Australia.

One of the permits, with Shell holding 50 percent equity and Nexus Energy Ltd. holding the other 50 percent, would allow or geological studies, the drilling of exploration wells and acquisition of seismic data in the Eastern Browse Basin, Shell Development Australia said in a statement.

The permit covers an area of about 1,900 square kilometers (733 square miles) about 200 kilometers (125 miles) off the coast of the Kimberly region.

The other permit covers an area of about 3,100 square kilometers (1,200 square miles) in the Carnarvon Basin, about 100 kilometers (60 miles) off the same coast.

Chevron, based in San Ramon, California, holds 50 percent equity in that permit, with Shell and Irving, Texas-based, ExxonMobil each taking 25 percent, reports AP.

"Australia is an important part of our regional and global growth aspirations for gas, and will help us sustain our leading LNG position around the world," Shell Development (Australia) Chief Operating Officer Chris Gunner said in a statement.

Shell also has interests in other exploration projects in the region.

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
Comments
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Trump Reportedly to Declare a National Emergency for Border Wall Funding
The Hypocrisy of the Chinese World Dog Show
UK wants Sergei Skripal dead
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
International Opposition to Attempted Trump Regime Coup in Venezuela
Homosexuality and the Decline in American Values
Russia's S-400 missiles lost in storm during transportation to China
The Hypocrisy of the Chinese World Dog Show
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
New 'bill from hell' against Russia to bring hell to USA
New 'bill from hell' against Russia to bring hell to USA
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Smartphones and social networks not allowed in the Russian Army
The Hypocrisy of the Chinese World Dog Show
The Hypocrisy of the Chinese World Dog Show
In Haiti, protesters ask Putin to help
The Hypocrisy of the Chinese World Dog Show