“The outlook for deep water remains positive, despite the current drilling moratorium in the Gulf of Mexico,” the Dutch oil giant said in a prepared statement.
Posts on ‘September 29th, 2010’
Calgary-based Nexen Inc. and its partner Royal Dutch Shell PLC are trumpeting a major oil find in the Gulf of Mexico, a discovery that will serve as a test of feared regulatory gridlock in the prolific oil-producing region.
By Ed Crooks in New York Published: September 29 2010 Royal Dutch Shell is planning a rapid expansion of its North American business to raise production by 40 per cent to 1m barrels equivalent per day in 2014, including gas, Canadian oil sands and deepwater oil. The strategy, announced in Canada on Tuesday, is part [...]