10/13/2010

Royal Dutch Shell is giving $25 million to the Massachusetts Institute of Technology to fund a research program designed to improve technologies in oil and gas exploration. Scientists plan to develop new seismic tools for reservoir detection, along with systems for building lighter offshore-drilling platforms. "The energy future is an uncertain one, where we need completely new solutions," said Gerald Schotman, Shell's chief technology officer. "It's a very deliberate decision to step up."

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