Article by Arjun Sreekumar published 16 April 2014 by The Motley Fool under the headline: “Royal Dutch Shell plc Wasn’t Kidding About Cutting Costs. But Will It Pay Off?”
The company recently sold off key downstream assets in Australia, including a major oil refinery and network of some 870 retail gasoline stations, due to weak margins. It also put up for sale numerous North American shale assets last year, including acreage in Texas’ Eagle Ford shale and Kansas’ Mississippi Lime play, because of disappointing drilling results and poor expected returns. Shell has also scrapped plans to construct a massive facility in Louisiana that would have converted natural gas into higher-value liquids because of the project’s high expected costs and uncertainty over long-term price differentials. Lastly, it is also currently marketing oil-producing properties and oil infrastructure in Nigeria, where persistent theft and sabotage continue to plague its operations.
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