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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

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

Caspian sale slims ConocoPhillips

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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