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Shell to cut at least another 2,200 jobs globally

Shell expects 4th Q profits to drop at least 40 percent

LONDON (AP) — Anglo-Dutch oil company Royal Dutch Shell says it will trim at least 2,200 jobs globally amid challenging times in the oil industry. The losses are in addition to cuts already being implemented because of the energy company’s merger with BG. The losses will include some 475 positions in the North Sea. Oil companies around the world are ...

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Shell Nigeria shuts oil terminal as attacks cut production

Shell, Nigeria

WARRI, Nigeria (AP) — Shell is temporarily closing the terminal exporting Nigeria’s benchmark Bonny Light crude oil as militant attacks have cut production in Africa’s biggest petroleum producer. Shell refused to confirm labor union reports that the company is also evacuating workers from Bonga oilfield following a threat. A bomb attack last week closed a major Chevron facility. Shell’s Forcados ...

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NEPCO to float tenders next year to buy more LNG

AMMAN — The state-owned National Electric Power Company (NEPCO) is scheduled to float several tenders in 2016 to buy liquefied natural gas (LNG) shipments, Abdel Fattah Daradkeh, the company’s director general, said Monday. Shell provides Jordan with about 80 per cent of its energy needs at present and the company will float a tender to buy the remaining 20 per ...

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Shell plans to shed 2,800 jobs after buying BG Group

LONDON — Royal Dutch Shell says it expects to cut 2,800 jobs once it completes its takeover of rival BG Group. The losses amount to about 3 percent of the combined workforce, and come on top of Shell’s previously announced plan to shed 7,500 staff and contractor positions. Shell agreed to buy British rival BG Group for 47 billion pounds ...

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Australia watchdog clears Shell’s $70B bid for BG Group

MELBOURNE – Royal Dutch Shell cleared a major hurdle to its $70 billion takeover of BG Group on Thursday, winning a green light from Australia’s competition watchdog, which said the deal would not change the dynamics of the domestic market. The acquisition will make Shell the world’s top liquefied natural gas (LNG) trader, although it still needs approval from China ...

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Oil patch slump oozing anxiety throughout the industry

With Shell job losses still looming and some projects stalled amid the continuing oil-price slump, Alaska’s petroleum industry and its related companies are struggling to adapt to the headwinds that threaten the entire economy. “Don’t go out and buy a new motorhome,” suggested Kevin Durling, majority owner of Petroleum Equipment and Services, saying the consequences of slowing activity in the ...

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