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…
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