Is Shell Choosing Iraq over its North Sea Backyard?

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By Sam Hopkins | Wednesday, April 15th, 2009
Shell pioneered oil drilling in the North Sea…

Now, North Sea production and exploration is dwindling, and Shell seems to be throwing in the towel in its European backyard.

Drilling is down 41% in the UK, and including Anglo-Dutch Shell, the number of exploration drilling wells around the whole region was down 78% this year from the same period in 2008. There just isn’t enough money flowing into energy markets to justify milking the North Sea’s waning supply. Read more… buy The Fourth Protocol An American Affair video buy In Society Loose Cannons dvdrip The World Unseen psp

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