Despite roadblocks to innovation, more oil and gas companies than ever are investing in new, innovative technologies, in addition to renewables, according to a research report released by Booz Allen Hamilton (BAH), on Sunday.
Shell leads the pack, with over $1.18 billion (Dh4.33 billion) spent per year on innovation, with Exxon Mobil a close second, investing $1.02 billion annually on new technologies, as per BAH's analysis.
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Headline crude prices for the week beginning 12 November 2018 – Brent: US$71/b; WTI: US$60/b
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