Posts Tagged: "oil drilling"

Shell maintains a significant investment into research and development within its own corporation. The company’s 2014 fourth quarter earnings report showed that Shell invested $428 million into R&D during that quarter, increasing their expenditures over 2013’s fourth quarter R&D costs of $363 million. During the entire 2014 fiscal year, Shell spent $1.2 billion on R&D. Decades-long investment into natural-gas-to-liquids (GTL) technologies on behalf of Shell has recently resulted in the development of a clear base oil derived from natural gas, a cleaner burning fossil fuel. Shell has also committed millions of dollars in just the past few months on educational initiatives and academic research, such as the $3.5 million it contributed to the University of Houston last October for energy and engineering education programs.