Shell hails bounceback towards deepwater drilling
Head of exploration says break-even prices are now $30 a barrel
Anjli Raval, Senior Energy Correspondent AUGUST 12, 2018
Royal Dutch Shell is doubling down on drilling for oil far beneath the oceans, as the energy group eyes a cash bonanza from traditional deepwater projects despite a growing focus on new US shale investments. Andy Brown, Shell’s head of exploration and production, said the industry was seeing a “bounceback” towards deepwater… FULL FT ARTICLE