The growth of Royal Dutch Shell Plc’s (NYSE: RDS.A) oil and gas operations in the next decade will depend on shale production, its chief executive has said, in the latest sign of western energy groups pinning their hopes for expansion on those unconventional resources.
Ben van Beurden told the Financial Times that he saw chemicals, electricity and biofuels as key sectors for Shell’s long-term future, as he positioned the company to face tightening constraints on burning fossil fuels. But he was also planning for growth in Shell’s traditional core oil and gas production business, focused on shale reserves in the U.S., Canada and Argentina.
Depending on how oil prices looked in the 2020s, he said…
https://www.oilandgasinvestor.com/shell-looks-shale-production-rapid-growth-1677246
