The oil industry has been suffering from a lack of competition from natural gas, with many gas stations and refineries having already closed.
Now, the industry has begun to fight back, with some of the largest producers announcing plans to pump more than 2 million barrels of oil into the atmosphere every day to keep the global oil industry afloat.
The companies include Chevron, ExxonMobil, and Total, which will pump more oil into a network of over 60 oil tankers to deliver it to refineries and other locations in North America and Europe.
Shell, the world’s largest oil company, is also planning to pump over 2 million bpd of oil in 2018.
These new efforts are part of an overall push to boost the production of oil by pumping more oil underground.
As part of the effort, Shell announced a new initiative called Shell Oil Up, which aims to increase production of “high quality” oil from shale gas in North and South America.
The goal is to pump up to 2 million million barrels per day, or 2.5 million barrels an hour, by 2025.
The company is also testing a new type of oil, a higher-grade “sub-standard” oil called “ultra-grade” that is more stable and less toxic than regular oil.
While these changes are being made to ensure the sustainability of the oil industry, the oil spill disaster in the Gulf of Mexico last month is having an impact on the company’s ability to meet its goal.
As of last week, the total amount of oil stored at Shell’s Gulf of Spain field had reached over $10 billion, and Shell was trying to find a way to get more of that into the world.
Shell has been struggling to find ways to make money from the Gulf spill, which has led to cuts to its operating costs.
Last month, Shell agreed to pay $8.5 billion in compensation to the families of the nearly 200 people who died in the spill.
According to Bloomberg, Shell had previously agreed to $7.5 bn, but it is now seeking to increase that payment to $9.5.
In the aftermath of the Gulf oil spill the company has been forced to restructure some of its operations, but has maintained its focus on the Gulf and other North American fields.
The decision to increase the production and send more oil to the ground is another way Shell is looking to boost profits and save money.
Shell said that it is going to work with the oil companies to develop a pipeline that would transport the oil to sites in North Dakota and Nebraska, as well as to an export facility.