Shell 'to continue investment in 2010'
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28 January, 10 Motorists with Shell fuel cards have been informed that the company intends to invest a record amount of money on oil and gas exploration in 2010. Peter Voser, chief executive of Europe's second-largest oil company, revealed at the World Economics Forum that the Anglo-Dutch energy giant is eager to locate new reserves of hydrocarbons over the next 12 months, Bloomberg reported. "We need to keep investing throughout the cycle," the news agency quoted him as saying. The company had previously announced that its 2010 spending could total as much as $28 billion (£17 billion). This sum follows on from Royal Dutch Shell's $32 billion programme of investments from last year, which came at a time when the majority of its competitors were looking to trim costs as a result of the recession. In an interview with Shell's corporate website, Mr Voser stated earlier this month that the money it has earned from its venture in Qatar will be invested in projects around the world. Find out more about the Shell fuel card and start saving now Posted by James Richmond 
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