Marvin Odum of Shell’s U.S. division says there is a real focus on this part of the world. (Photograph: Nick de la Torre: Houston Chronicle)
By BRETT CLANTON Copyright 2009 Houston Chronicle
Nov. 12, 2009, 8:16PM
Royal Dutch Shell sees a bigger role for North and South America as it seeks to boost global output of oil and natural gas in coming years, said Marvin Odum, president of the company’s U.S. division.
Going forward, the region should be a disproportionately growing part of Shell as new projects come online in deep waters of the Gulf of Mexico and Brazil, the Canadian oil sands and natural gas fields in the U.S. and Canada, Odum said in an interview with the Chronicle this week.
There is a real focus on this part of the world inside of Shell, Odum said, adding that while North and South America account for about a quarter of the company’s production today, investment will be much higher than that in the future. read more
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