Shell to buy Cove Energy for $1.6 billion

Posted : Wed, 22 Feb 2012 05:48:57 -0500

LONDON (Reuters) - Royal Dutch Shell Plc has made an agreed 992.4 million pounds ($1.6 billion) bid for Mozambique-focused Cove Energy, offering a full price to open up a new gas frontier for the Anglo-Dutch oil major in East Africa.