Royal Dutch Shell Plc would be a good buyer for a stake in a Mozambique gas field, which sources say could fetch $4.5 billion, because of Shell's background in liquefied natural gas (LNG), the head of Mozambique's petroleum management body said on Wednesday. Arsenio Mabote, chairman of Mozambique's National Petroleum Institute (INP), expected Shell and Exxon Mobil Corp would be among the bidders for a 20 percent stake in the Rovuma offshore field that has just been put up for auction."Shell would be good because of their experience with LNG," Mabote told Reuters on the sidelines of the IHS CERAWeek conference in Houston.LNG, which allows gas to be shipped to markets abroad, is a key plank in Mozambique's plan to make money from its newfound hydrocarbon wealth.Shell was the top LNG producer among the world's biggest oil companies even before its $4.4 billion purchase of LNG assets from Repsol last week.
Shares of RDS-B fell by 0.09% or $-0.06/share to $68.50. In the past year, the shares have traded as low as $63.05 and as high as $76.13. On average, 949638 shares of RDS-B exchange hands on a given day and today's volume is recorded at 814225.
Exxon Mobil Corporation (Exxon Mobil) is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. Shares of XOM fell by 0.06% or $-0.05/share to $89.56. In the past year, the shares have traded as low as $77.13 and as high as $93.67. On average, 13014200 shares of XOM exchange hands on a given day and today's volume is recorded at 13234515.
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