Ineos and Shell Work Together in the USA

May 5, 2026, 13:49
InternationalFinance

Introduction

The company Ineos is working with Shell. They want to find more oil and gas in the Gulf of Mexico.

Main Body

Ineos bought a part of Shell's business. They will drill for oil in new places. Ineos spent more than 3 billion dollars in the USA. Jim Ratcliffe is the boss of Ineos. He says the USA is a safe place for money. He thinks the rules in Europe and the UK are not good. David Bucknall is the leader of Ineos Energy. He says this plan helps the company get energy for a long time. They want to save money and work fast.

Conclusion

Ineos likes to put its money in the USA more than in Europe.

Learning

💰 The Power of 'More Than'

In the text, we see: "Ineos spent more than 3 billion dollars."

When you are at A2 level, you need to compare things. Use more than when the number is higher.

How it works: [Higher Number] →\rightarrow [Lower Number]

Examples from life:

  • I have more than 5 books. (Maybe I have 6 or 10).
  • This phone costs more than 200 dollars. (Maybe it is 250 dollars).

🌍 Where vs. Which (Places)

Look at the contrast: "USA is a safe place... rules in Europe are not good."

To talk about locations, use in: extIntheUSA ext{In the USA} / extInEurope ext{In Europe} / extIntheUK ext{In the UK}

Quick Tip: Always use 'the' before USA and UK. extWrong:InUSA→ ext{Wrong: In USA} \rightarrow extRight:IntheUSA ext{Right: In the USA}

Vocabulary Learning

company (n.)
an organization that makes or sells goods or services
Example:The company opened a new office downtown.
working (v.)
doing a job or task
Example:She is working on her homework.
Shell (n.)
a large oil and gas company
Example:Shell operates many refineries worldwide.
oil (n.)
a liquid used for fuel or cooking
Example:They need oil for their cars.
gas (n.)
a substance that can be burned for energy
Example:Gas is used to heat homes.
Gulf (n.)
a large body of water between land and sea
Example:The Gulf of Mexico is known for oil.
Mexico (n.)
a country in North America
Example:Mexico is famous for its food.
bought (v.)
to purchase something
Example:He bought a new laptop.
part (n.)
a piece of something
Example:She gave a part of her lunch.
business (n.)
the activity of buying and selling
Example:The business made a profit.
drill (v.)
to make a hole with a drill
Example:They will drill for oil.
places (n.)
locations or sites
Example:There are many places to visit.
spent (v.)
to use money or time
Example:She spent $10 on coffee.
billion (n.)
a number equal to 1,000,000,000
Example:The company spent a billion dollars.
dollars (n.)
the currency used in the United States
Example:I need 20 dollars for the ticket.
USA (n.)
the United States of America
Example:The company is based in the USA.
boss (n.)
the person in charge of a workplace
Example:The boss gave a new assignment.
safe (adj.)
not dangerous or harmful
Example:The place is safe for children.
rules (n.)
instructions that people must follow
Example:The rules say no running.
Europe (n.)
a continent in the northern hemisphere
Example:Many tourists visit Europe.
UK (n.)
United Kingdom, a country in Europe
Example:The UK has a rich history.
leader (n.)
the person who guides a group
Example:The leader spoke to the team.
energy (n.)
the power that makes things work
Example:We need more clean energy.
plan (n.)
an idea for doing something
Example:They made a plan for the trip.
help (v.)
to give assistance
Example:Can you help me with this?
get (v.)
to receive or obtain
Example:I will get a new phone.
save (v.)
to keep money for later
Example:She wants to save for a car.
fast (adv.)
quickly
Example:He runs fast.
likes (v.)
to enjoy
Example:She likes to read books.
put (v.)
to place something
Example:Put the book on the shelf.
money (n.)
the thing people use to buy goods
Example:I need money for groceries.