Extract from an article by John Pendleton published Friday 7 March 2014 by righands.com
In 2013 several of the major oil companies spent lavishly on offshore prospects and are now feeling the pain of exploration efforts that didn’t pay off. Royal Dutch Shell, for example, spent more than five billion dollars in a bid for Arctic oil that was mired in litigation and so far has produced little in the way of results. Under new leadership Shell is now scaling back drastically on exploration and is selling assets.
FULL ARTICLE: BP Will Create New Entity Just For Onshore Oil And Gas In U.S.
BP Will Create Create New Entity Just For Onshore Oil And Gas In U.S. – See more at: http://www.righands.com/news/news-detail/bp-will-create-create-new-entity-just-for-onshore-oil-and-gas-in-us-582#sthash.h0rvjYp9.dpuf
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