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Shell, CNPC to cooperate in deep-sea exploration, shale gas

Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc

Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc

Extracts from a Reuters article published Wednesday 9 April 2014

BEIJING, April 9 (Reuters) – Royal Dutch Shell and the China National Petroleum Corp(CNPC) have signed a deal to boost cooperation in sectors like deep sea exploration as well as liquefied natural gas (LNG) and unconventional gas sources like shale, CNPC said on Wednesday. The two companies had agreed to join forces in the development of both upstream and downstream energy businesses… Ben van Beurden, in his first overseas visit since becoming Shell’s chief executive, told CNPC Chairman Zhou Jiping that both sides have set up deep and wide-ranging ties and have huge room for further cooperation.

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