By John Donovan
Ed Crooks of the Financial Times has written a wide-ranging and informative article about oil company spending on R&D.
Royal Dutch Shell spent $1.32bn on R&D last year.
The FT article quotes Gerald Schotman, Shell’s executive VP of R&D, as saying its key research is in its “upstream” oil and gas production business.
Schotman also claims that Shell’s innovations in imaging technology will enable the company to “see what others cannot see.”
Shell was apparently granted 189 US patents in 2013.