In the past year more gas has been extracted from the Groningen soil again. The latest projections from the Dutch Oil Company (NAM) indicate between 54 and 55 billion cubic meters of gas have been extracted. That is more than the national inspectorate State Supervision of Mines has advised.
Shell expects to be able to produce oil in the Arctic, starting 2025, announced departing CEO, Peter Voser, in a farewell interview on the Shell website.
Royal Dutch Shell PLC cited a 57 percent drop in its second-quarter net income following the attacks on Nigerian operations and a drastic reduction on the worth of its shale oil fields in North America.
Royal Dutch Shell PLC announced that Director Ben van Beurden will take over the CEO position of Swiss Peter Voser following Voser’s retirement in 2013.