Daily Mail (UK): Shell unveils blueprint to boost output
Brian O’Connor,
23 June 2005
SHELL plans to boost oil and gas output by a third in 10 years and to become a major trader in carbon-dioxide emissions.
But its ‘one board, one voice’ plan may need more work. It warned in London that global oil supplies are tight, implying that any setback could drive prices even higher. However, Shell Canada chief Clive Mather said in New York that a price fall was ‘almost inevitable’.
Group chief executive Jeroen van der Veer pointed out that stocks are at ‘pretty normal’ levels.