Shell to repair eastern gas ops, cut flaring: PdV

Venezuelan state-owned PdV said it signed a comprehensive services contract with Shell to raise natural gas production, improve and maintain compression and reduce flaring in northern Monagas state. The deal appears to break with years of estrangement between PdV and western oil companies that either have not been paid joint venture dividends or have been avoiding Venezuela for countries that are deemed relatively more stable, such as Brazil. More…