"We have a difficult year ahead of us," Shell vice president for Africa, Ann Pickard said in an internal company publication. "With the drop in oil prices, our survival depends on controlling our costs," she added.
April 28th, 2009:
2009, a tough year for Shell in Nigeria
BP Cuts Spending Target After 64 Percent Profit Slump
Royal Dutch Shell Plc, BPs larger rival, is likely to report a 67 percent drop in profit excluding one-time items and inventory changes to $2.56 billion tomorrow, based on the median estimate of 11 analysts compiled by Bloomberg.
BP, Chevron Managers Leave Kuwait as Projects Delayed
Shell has no comment on discussions to develop deep natural gas in Kuwait,Malcolm Brinded, the companys executive director for exploration and production, said in a March 30 interview.