Royal Dutch Shell Plc  .com Rotating Header Image

Oil And Gas Giants Continue To Shrink In 2014

Screen Shot 2014-04-04 at 09.49.25Extract from an article by Zoltan Ban published 14 May 2014 by Seeking Alpha

Last year was not a good one for global oil and gas giants. Royal Dutch Shell reported a year-on-year decline of 10% in liquids production and an 8% decline in gas production (link). There are many reasons why these oil and gas giants are now shrinking. One of the main reasons being that they have many old depleted and declining fields in their portfolio, while there are also fewer and fewer opportunities to tap new fields. Shell abandoned its attempts to produce oil out of kerogen in the Powder River Basin. It also abandoned Arctic exploration in Alaska. It announced a massive $2 billion loss on its Eagle Ford operations as part of its recent divestment program.

FULL ARTICLE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.