EnergyWatch

Shell and BP's chief execs still believe in the North Sea

The two oil majors have divested assets and slashed their investments big-time in the North Sea, but the CEOs of the two companies still have faith in the strained market.

Photo: Royal Dutch Shell PR

BP and Shell have both scaled down investments and divested assets in the North Sea since the oil price began to slide in the late summer 2014.

But the two oil majors will still be present on the British and Norwegian shelves in the North Sea going forward, as evident from comments from the two companies' CEOs, reports Financial Times.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Denmark allocates additional PtX funds

Danish parliament's IPCEI agreement doesn't touch Dutch funds previously earmarked by the government for Power-to-X, says energy minister Dan Jørgensen. On the other hand, the allocated DKK 850m will not necessarily go to the common European projects.

Further reading

Related articles

Latest News

See all jobs