Sep
05
Big Oil Says It Still Loves the North Sea Despite Asset Sales
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BP, Shell, Total still committed to 40-year-old oil province
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Offshore industry must innovate to keep costs down: Shell CEO
Europe’s biggest energy companies have a message for the aging U.K. North Sea oil industry: We may be selling assets, but that doesn’t mean we’re heading for the exit.
The North Sea will always be “one of the great basins,” said BP Chief Executive Officer Bob Dudley. Royal Dutch Shell Plc will keep investing in a place where it has “deep roots,” said CEO Ben van Beurden. Total SA offered more than just words, with a $7.45 billion deal that was a vote of confidence in the region last month…
Big Oil Says It Still Loves the North Sea Despite Asset Sales
