"Big Oil has a growth problem for sure but is extremely well capitalized and we now see an M&A window opening,"
Amoco
More consolidation likely in oil industry
Shell chiefs early challenges
Malcolm Brinded, the head of exploration and production, is skilled at dealing with governments, but was tarnished by Shells repeated writedowns of its reserves in the aftermath of the misreporting scandal that emerged in 2004.
Oil explorers find new fields to conquer
Companies are also dipping into unconventional hydrocarbon deposits the sticky mountains of tar sands in Alberta, Canada and on the banks of Venezuelas Orinoco river, the tight sands gas reserves of western Australia, and the methane trapped in long-disused European coal mines.
Don and Shell end Smart row
Speculation in the industry suggests that the sudden capitulation points to the possibility of a merger between Shell and another major petrol brand.