“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.
Posts on ‘April 28th, 2009’
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.
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.