06:23 AM EDT, 09/26/2024 (MT Newswires) -- Shell (SHEL) was selected as the preferred bidder at Trinidad and Tobago for a shallow water block, Reuters reported Wednesday, citing three unnamed people close to the process.

The company beat bids from BP (BP) and EOG Resources ( EOG ) , the report said.

According to the sources, Shell is in discussions with the country's government on terms for working on the Modified U(c) block.

Shell, BP and EOG did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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