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Posts on ‘July 14th, 2016’

Shell chair Andrew Smith vows to rein in costs as downturn bites

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ANDREW BURRELL: July 15, 2016

Shell Australia chairman Andrew Smith says the downturn in the oil and gas industry has strengthened his resolve to rein in costs as he seeks to integrate the company — the nation’s biggest foreign investor — with the Queensland assets of BG Group.

“You have to treat every dollar like it’s your own,” Smith tells The Deal, published in The Australian today, as he reflects on his 30-year career and the massive changes that have hit Shell and the petroleum industry. His mantra even extends, Smith’s colleagues reveal, to their boss’s insistence a few years ago that newspaper subscriptions be pared back in the company’s Melbourne office. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Group braced for North Sea strike action

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Trade unions have accused the Anglo-Dutch oil major of recruiting ‘scab labour’ after advertisements appeared on job agency websites offering maintenance work on week-by-week contracts.

by Mary MorleyThursday, 14 Jul 2016, 09:09 BST

Royal Dutch Shell (LON:RDSA) is bracing for a strike on seven of its North Sea platforms after almost half of the workers voted in favour of industrial action. The dispute comes with energy companies struggling to keep the region competitive in the face of falling output and weak oil prices.

Shell’s share price has surged in London this morning, having jumped 1.27 percent to 2,114.50p as of 08:40 BST, outperforming the benchmark FTSE 100 index which currently stands 0.65 percent higher at 6,713.49 points. The group’s shares have gained just under 15 percent over the past year, and are up some 38 percent in the year-to-date. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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