Monday March 30, 2020

Shell buys Cove Energy for stg£1.12 billion

Royal Dutch Shell has agreed to buy London-based gas exploration company Cove Energy, gaining access to Mozambique gas fields.

24th April, 2012
2
Shell: buying Cove

Royal Dutch Shell has agreed to buy London-based gas exploration company Cove Energy for stg£1.12 billion (€1.37 billion).

The oil company raised its offer to match a rival one.

Cove's main asset is an 8.5 per cent stake in a natural gas find off Mozambique.

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