MoU and KPC

The recent partnership agreement between MoU and KPC comprises: upstream, downstream businesses; R&D in HR and planning and energy security.  At the signing various official dignitaries from Kuwait and the UK were in attendance.  Malcolm Brinded, an executive director at Shell noted how this milestone is “further cementing our partnership with Kuwait.”  There are plans to develop Kuwait’s Jurassic gas fields through developing capacity of Shell and Kuwait Oil Company (KOC) staff.  As the chair and MD of Shell companies in Kuwait Ahmed Mouti noted, that since the company is known for being a “leading gas company” building a partnership with KOC will only be mutually beneficial to the two companies.  Training will be needed because of “unique geological challenges” gas developments encounter today that require specific technology.



GAIL Is Looking To Invest In US Shale Gas Businesses

Shale-gasIndian state-owned gas marketer GAIL? Ltd is searching to acquire shale gas companies in the US. Gail is prepared to invest approximately $400-500 million. The company has publicized a request for proposals (RFP) from bankers who are able to help it identify targets and to close a deal. The RFP was publicized last month.

GAIL is also prepared to partner with other oil and gas companies for its international shale gas aspirations.

“Acquiring a shale gas asset company in the US would give the company the opportunity and the competence to bid for shale gas assets in India, as and when they come up for auctions,” according to Edelwiess Securities analyst, Niraj Mansingka.