Apr 23rd, 2016
by John Donovan.

Bloomberg News: SATURDAY, APRIL 23, 2016
The world’s biggest oil companies, set to report their worst quarterly earnings in more than a decade, are finding that their cost-cutting efforts haven’t matched the decline in crude prices over the past two years.
While producers have been deferring projects, eliminating jobs and freezing salaries, the process will take three years to complete, according to Barclays oil sector analyst Lydia Rainforth. In the meantime, profits are being hammered.
“A lot of work still needs to be done on costs,” she said. “It’s a reflection of how much costs had piled up and how long a process this is.”
For producers from Royal Dutch Shell to Chevron, reeling under the threat of credit-rating downgrades, slashing costs is the surest way of protecting balance sheets. Still, reversing course is proving painful after $100 oil persuaded companies to pump money into expensive areas in search of new deposits, hire more people and rent rigs and services at record rates. Productivity suffered. read more
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Apr 23rd, 2016
by John Donovan.

Shell’s city concept car uses a third less energy compared to the average car, as it gets 107 miles per gallon and is only 1.5m high, 2.5m long and 1.3m wide – making parking in the city a breeze. One unique feature to this futuristic car is that there are now doors that open out, in order for riders to get inside they have to pull the top up and climb in
By STACY LIBERATORE FOR DAILYMAIL.COM: 23 April 2016
In about 50 years, three-quarters of the world is expected to live in cities, while the number of cars on the road will double.
While most manufacturers are developing electric solutions, unsurprisingly Shell has designed a vehicle that they say ‘is intended to inspire thinking about maximizing personal mobility, while minimizing energy use’.
Shell’s city concept car uses a third less energy compared to the average, as it gets 107 miles per gallon and is only 1.5m high, 2.5m long and 1.3m wide – making parking in the city a breeze. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.