Will Shell’s Gas Gamble Pay Off?

Supermajor Royal Dutch Shell has decided to divest its Iraqi
oil assets in a move to focus on its future in natural gas. The
industry giant is seemingly breaking from its oil heritage to head
full speed into the “Golden Age of Gas.” Shell’s decision to leave
Iraq’s upstream oil assets is not without risk, however, as the
market for natural gas is even more oversupplied than it is for
crude oil. Reuters reported the move first, based on a letter from
the Iraqi ministry of oil, followed by a confirmation from Shell.
The Dutch…

Supermajor Royal Dutch Shell has decided to divest its Iraqi
oil assets in a move to focus on its future in natural gas. The
industry giant is seemingly breaking from its oil heritage to head
full speed into the “Golden Age of Gas.” Shell’s decision to leave
Iraq’s upstream oil assets is not without risk, however, as the
market for natural gas is even more oversupplied than it is for
crude oil. Reuters reported the move first, based on a letter from
the Iraqi ministry of oil, followed by a confirmation from Shell.
The Dutch…