Shell to Spend $25 Billion on Oil & Gas Projects in 2017 after Stronger Prices Boost Profits

SUGAR LAND--May 5, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) plans to invest roughly $25 billion this year in new oil and gas projects, following a rally in commodity prices in the first quarter. With a major acquisition now wrapped up, the Oil & Gas behemoth is aiming to boost production in the Gulf of Mexico, Malaysia, Europe and other areas. Industrial Info is tracking more than $97 billion in active projects involving Shell.

Within this article: Details on some of Shell's global developments, including projects in the deepwater Gulf of Mexico, the Canadian Oil Sands and Denmark's North Sea.

Other companies featured: Maersk Oil, Technip FMC Incorporated, Exxon Mobil Corporation (NYSE:XOM). Chevron Corporation (NYSE:CVX)