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Saturday, February 13, 2021 3:14:21 PM
Shell, in a Turning Point, Says Its Oil Production Has Peaked
Europe’s largest oil and gas producer said oil production would gradually decline 1 or 2 percent annually, underscoring the company’s desire to shift to greener energy.
As Europe’s largest oil and gas producer, Shell has faced skepticism about how willing or able it will be to shift from oil production.Credit...David Zalubowski/Associated Press
https://www.nytimes.com/2021/02/11/business/shell-oil-production.html?smid=fb-share&fbclid=IwAR3G79DlPOwEDiVgls-I2f-yFbIpeOqG_9n5XpCbse6rPv1GhXphK2J1JQM
Europe’s largest oil and gas producer said oil production would gradually decline 1 or 2 percent annually, underscoring the company’s desire to shift to greener energy.
As Europe’s largest oil and gas producer, Shell has faced skepticism about how willing or able it will be to shift from oil production.Credit...David Zalubowski/Associated Press
https://www.nytimes.com/2021/02/11/business/shell-oil-production.html?smid=fb-share&fbclid=IwAR3G79DlPOwEDiVgls-I2f-yFbIpeOqG_9n5XpCbse6rPv1GhXphK2J1JQM
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