Shell in slashing mode
Ben van Beurden, Chief Executive Officer. Royal Dutch Shell Plc
Extracts from an article by EDUARD GISMATULLIN published by Bloomberg News on 14 March 2014 under the headline: Shell in slashing mode: Cuts Americas spending by 20% after losses in shales
THE HAGUE (Bloomberg) — Royal Dutch Shell plans to lower spending in the Americas by a fifth as Europe’s largest oil producer focuses on more profitable operations. It’s “not acceptable” that Shell, now deploying about 36% or $80 billion of its capital in North America, has been losing money, Chief Executive Officer Ben van Beurden said. Van Beurden has pledged to shrink spending costs this year and speed up asset sales including refineries after The Hague-based company issued its first profit warning in a decade.
Tagged: Ben van Beurden · Oil · Royal Dutch Shell PlcWall Street Journal: Shell pulls out of Ukraine deal near Crimea
Extracts from an article by Justin Scheck published 19 March 2014 by the Wall Street Journal
LONDON— Royal Dutch Shell PLC said Wednesday that it withdrew from negotiations over an offshore exploration deal in the Black Sea, west of Crimea. Shell made the decision to pull out in January, a spokesman said.Withdraws From Talks on Skifska Field But Is Still Pursuing Other Ukraine Projects
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