Shell planning to invest US$ 10bn in Brazil's deep water production

Tuesday, November 15th 2016 - 11:07 UTC

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Oil major Shell is planning to continue investing heavily in Brazil as part of a bid to double its global deep water production by the early 2020s. Shell plans to invest US$10 billion over the next five years, Wael Sawan, the company’s executive vice president for deep water, said in an interview this week. Read full article

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Marti Llazo
Shell to invest US$10 billion in Brazil over 5 years but only US$300 million a year in Argentina? In the case of the latter that is just barely enough to pay the bribes to the syndicates to keep the washrooms mucked out once a month.
Nov 15th, 2016 - 12:37 pm - Link - Report abuse 0
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:o))
Oil demand won't peak before 2040, despite Paris deal:

http://www.reuters.com/article/us-oil-outlook-iea-idUSKBN13B0OP?feedType=RSS&feedName=topNews&utm_source=twitter&utm_medium=Social
Nov 16th, 2016 - 09:54 am - Link - Report abuse 0
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