By Clifford Krauss HOUSTON — Royal Dutch Shell sold its oil and gas production in the Permian Basin, the biggest American oil field, to ConocoPhillips for $9.5 billion in cash on Monday.

Texas-based ConocoPhillips bought Shell’s Permian Basin assets for $9.5 billion, its second major purchase in the oil-rich area over the last year. Sign up for The Brief, our daily newsletter ...

A Shell executive called it the first time two major oil companies have attempted to form a new company that merges assets covering an entire U.S. geologic basin. The expected result: cost savings ...

Royal Dutch Shell plc (RDS.A) recently announced an agreement to sell all its assets in the Permian, the most prolific basin in the United States, to competitor ConocoPhillips COP. The cash ...

The Permian Basin has been a massive growth driver for the oil and gas industry, but Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B) is joining a number of its peers in looking to exit its U.S ...

Royal Dutch Shell Brazil discovered oil in the Campos Basin's pre-salt region, the company said Tuesday. In a statement, Shell Brazil said it had discovered oil in the 3-SHEL-22-ESS well at the ...

Shell has reached positive FID on the Gato do Mato development in Block S-M-518 of Santos basin presalt ... He has also served as a principal technical professional at Halliburton and as a ...

The agreement provides an option for Shell ... Basin. This region is underexplored but has the potential to hold meaningful accumulations of hydrocarbons. We welcome the knowledge, technical ...

Shell’s high-profile oil and gas discoveries in Namibia’s Orange basin are not commercial, spurring the supermajor to write-off the cost of exploration wells in its deepwater licence.

OMV New Zealand and Shell New Zealand announced major milestones for the Great South Basin joint venture, with the addition of Shell into the venture and confirmation that a comprehensive 3D ...

Royal Dutch Shell plc (RDS.A) recently announced an agreement to sell all its assets in the Permian, the most prolific basin in the United States, to competitor ConocoPhillips COP. The cash ...