Following the Second World War, an enormous effort began to replace and expand Shell's facilities for production, transport and refining to meet the new pressures on demand. Throughout the 1950s and 1960s, Shell's oil output and sales increased dramatically, to the point where Shell supplied almost one-seventh of the world's oil products. This period was also important for the development of natural gas as an alternative source of energy. In the 1970s, Shell made major oil & gas discoveries in the North Sea, just off the coast of Scotland. At the same time, an economic recession combined with a steep rise in the price of crude oil had a serious impact on the oil business. People turned to natural gas. By the end of the decade, gas accounted for about 15% of Europe's energy consumption, with Shell and its partners supplying about half. Liquified natural gas (LNG) - which Shell helped to pioneer - also performed well. Meanwhile, Shell was developing its long term interests in coal and metals. In the 1980s, Shell companies installed advanced technology, launched new products and services, and explored solutions to environmental concerns. Shell began to sell unleaded petrol, and subsequently gained a worldwide leadership position. With the 1990s came lower oil prices, and a concentration on Shell's core businesses - mainly oil, gas and chemicals. By mid-decade, Shell had started to look ahead to the new millennium and what would be required of energy companies. As a result, fundamental changes have occurred and continue to be made in the Group. Sustainable development practices are gradually being integrated throughout the Shell business. These, and a commitment to people, the planet and profits will help Shell retain a competitive advantage. Shell has been a successful energy company for over 100 years - and aims to carry on being a successful energy company well into the next century. |