Shell to cut drill spending in US by 20 percent in ’14

Mar 17, 2014 | 12:06 PM | Thorsten Schier

Tags  Royal Dutch Shell, onshore drilling, Ben van Beurden, Kurt Minnich, Pipe Logix, TMK Ipsco, Thorsten Schier

NEW YORK — Royal Dutch Shell Plc is planning to reduce its onshore drill spending in the United States by 20 percent in 2014, but remains bullish on liquids-rich shales, deepwater and heavy oil.

“We are taking stock of our investment opportunities and operating positions. ... This approach is driving hard choices on today’s asset base, new opportunities and disposal plans, where we have recently announced exits from Australia and Italy downstream, Wheatstone liquefied natural gas (LNG) in....

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