Thursday 15 August 2013

Major oil companies' emphasis on gas is growing ever deeper - The National

Major oil companies' emphasis on gas is growing ever deeper - The National:

"When Shell announced the successor to its chief executive Peter Voser, it set a few tongues wagging. Ben van Beurden, the current head of refining, had not been among those tipped to lead the company come January.

Mr Van Beurden's role in the downstream business sits awkwardly with the company's focus on upstream projects, and the struggle to replace the crude reserves on its books. But a closer look sheds insight not only into Shell's strategy, but the industry trend that defines it.

In a career spent at the oil major, the incoming chief executive gained a decade of experience at Shell's liquefied natural gas (LNG) business."

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