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Posts from ‘December, 2007’

THE AUSTRALIAN: Spotlight on BP investment, culture

Matthew Dalton, Dow Jones Newswires | January 01, 2008 AFTER several years of crippling disasters, oil giant BP is hoping to achieve operational health in 2008. But questions remain about whether lingering problems within the company’s sprawling US operations could undermine its turnaround. This year will be the first since 2004 that BP’s two largest […]

The Times: Need to know: January 1, 2008

Natural resources Petronas, the Malaysian state oil and gas firm, said it awarded a production sharing contract to Royal Dutch Shell and ConocoPhillips to explore natural gas in eastern Malaysia. Under the deal, Petronas’s exploration arm, Petronas Carigali, will take a 40 per cent stake in the contract to explore and produce natural gas from […]

knack.be: Middagupdate: Agfa-Gevaert doet het weer

31/12/2007 12:00 Op de Brusselse beurs valt er vandaag weinig te beleven. De deuren sluiten al om 14 uur en in afwachting noteert de BEL 20 in het rood. Agfa-Gevaert en Omega Pharma zijn momenteel de sterkste stijgers, terwijl in de financiële sector Dexia en Fortis wat moeten inbinden. Aegon en Merril Lynch hebben hun […]

DAILY EXPRESS: SHELL TO CUT THOUSANDS OF IT JOBS

COST-CUTTING: Plans were leaked in an email Monday December 31, 2007 OIL GIANT Royal Dutch Shell plans to shed thousands of jobs in the latest cost-cutting move by the industry. It is in talks on an outsourcing deal that would transfer a large part of its information technology division to three separate companies. The division […]

CNNMoney.com: Shell Moves With Multi-Pronged Rejig To Tackle Profit Challenge

December 31, 2007: 09:38 AM EST LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSB.LN) in 2008 is due to finalize elements of a multi-pronged reorganization, paralleling a similar move by its rival BP PLC (BP), as the side effects of sky high oil prices challenge oil majors’ profits instead of boosting them. The changes include […]

CNNMoney.com: Shell Confirms Staff Cuts In Finance Functions

December 31, 2007: 10:29 AM EST LONDON -(Dow Jones)- A Royal Dutch Shell PLC (RDSB.LN) spokesman Monday said the company is cutting headcount in its finance department, confirming a Dow Jones Newswires report last week. “We are reducing the number of staff in selected finance functions, and expanding the use of shared services centers where […]

The Herald: Shell employees fear more job cuts

December 31 2007 Fears are growing that oil giant Shell is preparing to shed around 3200 jobs in the latest cost-cutting move by the industry. The company has told staff that it is planning to outsource “a substantial part” of its IT infrastructure services division, believed to comprise a total of 3600 staff. Detailed consultations […]

Nasdaq.com: UPDATE: Shell May Cut Jobs At Finance Department – Source

   (Adds details, possible IT outsourcing.)    By Benoit Faucon    Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSB.LN) may eliminate a significant number of positions at its finance department in an effort to streamline its organization, a person familiar with the matter said last week. Separately, Shell also confirmed it […]

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Daily Mail: Shell to axe 3,200 jobs

31 December 2007, 9:41am A chill wind is blowing through the corridors of Royal Dutch Shell as the oil titan gears up for an aggressive cost-cutting exercise. Some 3,200 positions could be outsourced to external providers as the Anglo-Dutch firm slashes its information technology budget, according to an email from a Shell staffer disclosed by […]

Reuters: UPDATE 1-Petronas, Shell, Conoco in Malaysia gas deal

Mon Dec 31, 2007 2:17am EST  (Adds details) KUALA LUMPUR, Dec 31 (Reuters) – Malaysian state oil and gas firm Petronas said on Monday it awarded a production sharing contract to Royal Dutch Shell (RDSa.L: Quote, Profile, Research) and ConocoPhillips (COP.N: Quote, Profile, Research) to explore natural gas in eastern Malaysia. Under the deal, Petronas’s […]

Business Standard (India): Shell likely to cut 3,600 IT jobs: Report

Bloomberg / London December 31, 2007   Royal Dutch Shell Plc may cut as many as 3,600 staff in its information-technology division and hire other companies for the work, the Sunday Telegraph reported today without saying where it got the information.    London-based Shell decided to contract out most of its IT operations, nominating Electronic […]

MarketWatch: Shell to shed thousands of IT, finance jobs to cut costs: report

By Adam Smallman Last update: 7:32 p.m. EST Dec. 30, 2007 LONDON (MarketWatch) — Royal Dutch Shell is to shed thousands of jobs to cut costs and simplify its structure, and one of the largest-ever outsourcing deals may be struck in the next couple of months, the Daily Telegraph reported late Saturday, citing information published […]

Financial Times: Shell looks to outsource about 3,200 IT jobs

By Rebecca Bream Published: December 30 2007 22:05 | Last updated: December 30 2007 22:05 Royal Dutch Shell is expected to outsource the bulk of its information technology division next year, a move that could affect about 3,200 jobs. The oil group aims to make pre-tax cost savings of about $500m-a-year (£250m) through streamlining its […]