Company News: Shell sets $19 billion capital budget for 2006

01/02/2006
Royal Dutch Shell PLC was among several oil and gas companies to have reported its capital budget plans for 2006. Shell reported a 2006 capital expenditure budget of $19 billion, a 27% increase over its 2005 budget.Other companies that recently reported their E&P spending plans include:• Talisman Energy Inc. plans to spend $4.4 billion (Can.) on exploration and development in 2006, which would be 36% more than its 2005 budget.• Kerr-McGee Corp. has budgeted $1.3 billion for capital expenditures and $300 million for exploration in 2006.• Husky Energy Inc. has allocated $2.85 billion (Can.) for capital expenditures in 2006.ShellOf Shell’s upstream budget of $1...
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