Shell to lay off staff, contractors in Norway

Shell to lay off staff, contractors in Norway

Apr 23rd, 2015 

by John Donovan. 

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Shell to lay off staff, contractors in Norway

Thu Apr 23, 2015 3:29pm GMT

OSLO, April 23 (Reuters) – Oil producer Royal Dutch Shell will lay off 120 of its 900 workers in Norway and reduce its contractor force by 140 from 350, as low oil prices force it to cut costs, it said on Thursday.

Shell said 100 of the staff cuts would be at its headquarters in Stavanger on Norway’s west coast while 20 jobs would be eliminated at its operations department in Kristiansand.

Oil firms in Norway are expected to cut investments by around 15 percent this year, the industry’s lobby group predicted earlier. Spending could fall further in 2016 as energy firms hold back future developments after crude prices halved.

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Posted in: Oil Prices, Reuters, Royal Dutch Shell Plc, Shell, Shell Job Cuts.
Tagged: Royal Dutch Shell Plc

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How The Majors Are Playing The Oil Price Slump

How The Majors Are Playing The Oil Price Slump

Apr 23rd, 2015 

by John Donovan. 

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Article by Nick Cunninghampublished 22 April 2015 byOilPrice.com

How The Majors Are Playing The Oil Price Slump

The largest oil and gas companies are employing different strategies to weather the downturn and plan for the future. Each strategy has its risks, and not all may work out. Which companies will emerge stronger after an oil price rebound and which will fall further behind because of bad decisions?

There are different ways to play a down cycle. With oil prices half of what they were in 2014, revenues are significantly lower for everyone across the board. As a result, the oil industry has collectively implemented an estimated $114 billion in spending cuts. But oil executives are also trying to figure out how to grow over the next five or ten years.

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Posted in: BG Group, BP, Chevron, Conoco Phillips, Exxon Mobil, Gas, Oil, Oil Company Profits, Oil Prices, Royal Dutch Shell Plc, Total.
Tagged: BP · Chevron · ConocoPhillips · ExxonMobil · OilPrice.com · Royal Dutch Shell Plc · Total

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Shell Oil sued for allegedly firing woman on maternity leave

Shell Oil sued for allegedly firing woman on maternity leave

Apr 23rd, 2015 

by John Donovan. 

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By Annie Cosby: Published 31 March 2014 by The South East Texas Record

A Harris County woman is suing over claims her employment was unfairly terminated.

Nicole L. Ryder filed a lawsuit March 21 in the U.S. Court for the Southern District of Texas (Houston Division) against Shell Oil Co. and Shell Exploration & Production Co., citing violation of the Family and Medical Leave Act.

According to the complaint, Ryder began employment with Shell in June 2008.  In August 2011, Ryder entered a Restricted Cash Agreement to Serve with Shell.

“Under that Agreement, in exchange for a retention payment of $60,300 to be paid at the conclusion of the retention period, Ms. Ryder agreed to remain employed at Shell through July 31, 2013,” the suit states.

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Posted in: Business Principles, Human Rights, Litigation, Royal Dutch Shell Plc, Shell,United States.
Tagged: Litigation · Royal Dutch Shell Plc

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How Did the Donkey & Elephant Become Political Mascots?

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Working at tiny scales, scientists transform gold into something even more incredible.

The Upworthiest: We won't tell anyone you're looking at super cool, incredibly enlightening content instead of doing, like, your job or schoolwork. It's our little secret! Bwahaha. Working at tiny scales, scientists transform gold into something even more incredible. A new kind of kindergarten design encourages kids to be their silly selves. The most convincing argument I've heard for raising the minimum wage. From a rich guy.

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Chile's Calbuco volcano erupted Wednesday

Chile's Calbuco volcano erupted Wednesday for the first time in more than 42 years, billowing a huge ash cloud over the mountainous region.

Residents in nearby towns were evacuated because of the volcanic activity.

The 6,500-foot Calbuco volcano last erupted in 1972 and is considered one of the most potentially dangerous among Chile’s 90 active volcanos.

Time-lapse video footage showed an ash cloud forming as the volcano erupted.

shared from ABC NEWS via GOOD MORNING AMERICA

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