Shell to sign deal with Gazprom Neft

By Finance

Shell and Gazprom Neft are ready to sign a deal for joint offshore drilling in the Russian Arctic and shale oil projects onshore in Western Siberia.
Gazprom Neft is owned (majority) of Gazprom which is majority owned by the Russian state.
This agreement comes just days after Shell had to delay with a year its exploration campaign in the Alaskan Arctic.