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Shell to spend on new projects

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Hydrocarbon Engineering,

Royal Dutch Shell plc has announced its plans to invest approximately US$25 billion this year (2017) in new oil and gas projects, following a rally in commodity prices in the first quarter (1Q17).

With a major acquisition now wrapped up, the oil and gas behemoth is aiming to boost production in the Gulf of Mexico, Malaysia, Europe and other areas. Industrial Info is tracking more than US$97 billion in active projects involving Shell.

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