Shell to Spend $25 Billion on Oil & Gas Projects in 2017 after Stronger Prices Boost Profits, an Industrial Info News Alert
SUGAR LAND, Texas, May 5, 2017 /PRNewswire/ — Researched by Industrial Info Resources (Sugar Land, Texas)–Royal Dutch Shell plc plans to invest roughly $25 billion this year in new oil and gas projects, following a rally in commodity prices in the first quarter. With a major acquisition now wrapped up, the Oil & Gas behemoth is aiming to boost production in the Gulf of Mexico, Malaysia, Europe and other areas. Industrial Info is tracking more than $97 billion in active projects involving Shell.
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SOURCE Industrial Info Resources