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Stock impact report

Shell lands new exploration deals in Venezuela and Kazakhstan [Yahoo! Finance]

Baker Hughes Company (BKR) 
Company Research Source: Yahoo! Finance
Oil giant Shell has secured new agreements with both Venezuela and Kazakhstan, advancing its oil and gas exploration ventures in these regions. In Venezuela, Shell signed multiple exploration agreements with the government, encompassing offshore natural gas, and onshore oil and gas opportunities, reported Reuters Additionally, technical and commercial agreements have been established with VEPICA, KBR and Baker Hughes. This development follows a meeting between US Interior Secretary Doug Burgum and Venezuelan President Delcy Rodriguez. The agreements facilitate the advancement of the Dragon gas project, which has faced delays due to shifting US policies towards Venezuela. Shell indicated earlier this year that US licences would enable project advancement. Trinidad's Energy Minister, Roodal Moonilal, said that exporting first gas to Trinidad from the Dragon project is expected by the third quarter of 2027, with the aim of boosting output at the Atlantic LNG plant. In Kaza Show less Read more
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