• Home(current)
  • ABOUT
  • WHY JOIN
  • INSIGHTS
  • CONTACT US
  • Login
Oct. 29, 2019
Source: The Economic Times

Exxon and Shell pay $1.7mn to Somalia

Oil major Royal Dutch Shell and ExxonMobil have taken on lease offshore block for 30 years. The companies have paid Somalia $1.7 mn as the preliminary rent. According to the information from Shell, these charges are for retrospective charges. Also, the operation will be withheld in what is known as force majeure.

   Read More About : ExxonMobil Offshore Royal Dutch Shell UPSTREAM
All News

Related News

Indian giant starts hunt for 18 specialised vessels as it...

July 14, 2023

Canadian offshore oil play set for multi-well exploration...

July 14, 2023

TotalEnergies begins production at natural gas field offs...

July 11, 2023

Thai oilfield shut down again after second FSO incident w...

July 10, 2023

Terrorists need not apply: Proposals sought to decommissi...

July 10, 2023

Exxon's Meager Bonuses Make Attracting More Traders Difficult

July 6, 2023

ABS publishes “industry first” floating offshore wind sub...

July 5, 2023

Here’s what the latest OPEC+ oil cuts mean for 3 big U.S....

July 4, 2023
  • CONTACT US
  • ©Copyright 2017 Energy Dais
  • FAQs
  • TERMS OF USE
  • PRIVACY POLICY