When the oil price collapses: How much do you really need to drill?
The U.S. oil industry has faced a series of headwinds during the past year, including an energy shortage and a decline in demand from China.
The U and Canada’s oil sands, the world’s second-largest, have been among the hardest hit, especially after a government-approved decision to allow the construction of new oil pipelines.
In addition, oil companies have been grappling with a sharp drop in domestic demand, particularly for domestic oil.
In response, the U.K. government and its oil producers have proposed a range of new drilling techniques and plans.
In an interview with the Financial Times, the head of the U, Royal Dutch Shell, acknowledged that he was “shocked” that the price of oil had fallen to a “historical low.”
“It’s not a great time to be a Western exporter,” he said.
“We are facing challenges, and we have to take them seriously.”
Shell, for its part, is hoping that its plan to tap into China’s oil wealth for domestic consumption will help it stay competitive with the rest of the world.
“China is a major source of growth for Shell,” said the company’s chief executive, Peter Voser.
“But we need to be sure we’re not going to be pushed around by China.”
According to the company, it would take a $2 trillion investment in new wells to meet demand for the next two decades.
But Shell, like other major oil companies, is struggling to find oil in the United States.
Despite that, Shell has already made several moves to help fill the void.
In January, the company announced that it would be acquiring drilling and production company EOG Resources for $15.4 billion.
The deal is expected to close in the second half of this year.
Also in January, Shell announced that a new oil pipeline would be constructed through the Uintah Basin, a major oil region in western North Dakota.
And last month, the firm announced a partnership with Canada’s Kinder Morgan, which is building a $1.6 billion pipeline that would link the oil sands to the U of T’s campus.
Shell has also announced that its $2 billion deal with Kinder Morgan would be extended through 2021, to help it expand its U. S. operations.
So far, Shell is taking a number of steps to help boost the industry, including developing new wells, and adding more oil fields to its portfolio.
But it is also ramping up production, including the completion of a new pipeline that will bring oil from the Bakken oil region to the Gulf Coast.
Last week, Shell’s CEO said that he hopes to have a production capacity of 1 million barrels per day by the end of the year, up from about 750,000 barrels per week.
But that still leaves a lot of oil left in the ground.
According a report by the U., the U and Canadian oil producers are now exploring a new development stage of oil pipeline development, which involves drilling wells in existing fields and expanding them to new ones.
The study, which was released last week, estimates that a pipeline would cost between $300 million and $500 million.
That’s significantly less than the $1 billion that Shell and other U.s. oil companies are currently spending on drilling wells.
The report does note that “the cost of developing a new well may be much higher than $300 or even $500 per well,” and that the cost of building a new platform could be up to $100 million, depending on the depth of the well.
The report did not include details about whether Shell is pursuing such a pipeline.
With the U’s decision to approve Kinder Morgan’s project, Shell said it is now looking for “a partner with a proven track record of operating large oil fields.”
It said that it has already acquired an additional $250 million worth of capital for the project.
As part of the new partnership, Shell also announced a new project in the Uootch Basin that will allow the company to produce and export liquefied natural gas.
The new project is expected by the company in 2018.
At the same time, Shell and its partner, Kinder Morgan have also announced an agreement to build a new natural gas pipeline from the UofT’s campus to the Pacific Northwest, the site of one of the largest U. States oil fields.
The pipeline will connect to the new North Coast LNG terminal, which will be built by Seattle-based TransCanada.
While the U has been ramping its oil production, it has been trying to find more and better oil.
Last year, Shell decided to focus on developing oil in Canada’s tar sands.
Instead of looking for oil in existing oil fields, Shell wants to develop new oil in new areas, such as the Uoo and Uootches, which lie along the Pacific coast of