ELECTRICITY CHALLENGES OIL MAJORS�Part 1: Supermajors slow to enter generation sector
With trillions of cubic feet of natural gas under their control and demand for gas and power exploding, major oil companies have begun linking gas to electric power generation. Among the supermajors�ExxonMobil Corp., Royal/Dutch Shell Group, and BP Amoco PLC�Shell and BP Amoco have the most advanced strategies. BP Amoco recently raised gas and power to the same organizational level as exploration and production, refining and marketing, and chemicals.