ShippingWatch

Shell looking to quadruple oil output in Brazil by 2020

European oil major Royal Dutch Shell prepares large-scale investments in offshore oil and gas in Brazil and thus hopes to quadruple its production in the country by the end of the decade, writes Reuters.

Photo: Royal Dutch Shell PR

According to CEO of Royal Dutch Shell, Ben van Beurden, the oil company will quadruple the output of oil and gas by the end of 2020, says Ben van Beurden on Monday, writes Reuters.

As early as back in January, when Shell's acquisition of BG Group was settled, Ben van Beurden told the press that Brazil would be a focus point.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Oil shipping states get loophole in EU's new Russia sanctions

In a new sanctions package against Russia, the EU cracks down on exporting the warring nation’s crude to third countries – despite protest from countries like Greece and Malta. Although several states are given leeway in new sanction demands the EU Commission otherwise considers ”water-tight”.

Further reading

Related articles

Latest news

See all jobs