Shell Development Australia Pty Ltd and Chevron Australia Pty Ltd announced they have entered into a binding agreement for the exchange of Chevron's 16.7% interest in the East Browse titles and Chevron's 20% interest in the West Browse titles with Shell's 33.3% interest in the Clio-Acme titles. A further cash payment from Shell to Chevron of $450 million has been agreed.
Following the completion of transaction, Shell will hold a 35% interest in the West Browse titles and 25% interest in the East Browse titles. The deal is the latest in a series of recent achievements for Shell's LNG business in the Asia Pacific region.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.