Shell deepened its commitment to Egypt's upstream Tuesday by taking the largest number of awards in the country's latest licensing round. The Anglo-Dutch major also outlined plans for a new exploration and a production drive, as LNG exports help to ease tensions over reimbursement to international companies. Europe's largest international oil company won three onshore concessions in the Western Desert, which is the focal point for Egyptian oil exports and the site of recent discoveries by Italy's Eni, and two concessions offshore the Nile Delta. "We're back - everywhere," Shell country chair and vice president ... (full story)