Japan's Inpex to invest in 4 U.S. Gulf oil blocks

Japan's top oil and gas developer, Inpex Corp, said it received U.S. government approval to buy a 15 percent stake in each of four oilfields in the Gulf of Mexico from a subsidiary of Royal Dutch Shell.
The Walker Ridge 95, 96, 139 and 140 blocks are located about 280 kilometres off the coast of New Orleans, Louisiana, and cover an area of 87 square kilometres, with a water depth at about 1,800 metres, Inpex said in a statement.
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Source: Forex Yard