Shell, which by energy output is now approaching 60% gas, has already backtracked and downsized its shale gas and oil programs…
By: Andrew_McKillop Mar 09, 2012 – 09:51 AM
Exxon, which by energy output is now 49% gas, failed in its first two efforts to crack gas-rich shale fields in Poland…
Shell, which by energy output is now approaching 60% gas, has already backtracked and downsized its shale gas and oil programs. Initially intending to spend about $5 bn on drilling shale field this year, its CEO Marvin Odum now places spending at $3 billion to $5 billion, Odum adding: Were at the lower end of that right now because of where natural-gas prices are.