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Shell Leads Gulf Sale Bids

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By: MICHEAL KAUFMAN: Published: Mar 19, 2015 at 1:06 pm EST

Extracts

The Oil and Gas Journal, quoting US Bureau of Ocean Energy Management (BOEM), has reported that the Gulf of Mexico, Central Planning Area Lease Sale 235 attracted around 195 bids from 42 companies. Major energy companies such as Statoil ASA (ADR) (NYSE:STO), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM) and Royal Dutch Shell plc. (ADR) (NYSE:RDS.A) led the bids.

Shell was the highest bid placer placing around 17 bids amounting to $37.89 million.

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