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Oil & Gas

Shell to Take Interest in Chevron Gas Field

April 11, 2011
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According to the Associated Press, Chevron Corp. said Shell will take an interest in the liquefied natural gas project that it operates in northwestern Australia. Shell Development Australia Pty Ltd. signed a deal with Chevron to take an 8 percent interest in the natural gas fields that are part of the Wheatstone field. Shell will also take a 6.4 percent interest in the project''s facilities. Chevron will remain the project''s operator. Financial terms weren''t disclosed.

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