Friday 5 September 2014

U.S. SHALE AMBITION ON, SAYS SHELL CEO

Shell CEO Ben van Beurden claims that despite a series of asset sales and costly write-downs, the oil giant is not abandoning the prospect of North American oil and gas shales.

Shell’s recent reappraisal resulted in a $2billion write-down in book value and plans for Shell to sell hundreds of thousand of US acres.

Read more @ The Nation

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