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The Fluminense floating production storage and offloading facility Shell is operating in Shell's Bijupir√°/Salema fields in Brazil. (Shell)

Shell to boost deep-water offshore Brazil production

Royal Dutch Shell is eyeing an oil production boost from two new projects in the deep waters off Brazil.

Caspian sale slims ConocoPhillips

ConocoPhillips is selling its stake in the enormous Kashagan offshore field in Kazakhstan in a $5 billion deal, the latest move to shrink and streamline its businesses, the corporation announced Monday.
Categories: Deals, Offshore