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One Shell Square in New Orleans will become Hancock Whitney Center in 2018

Shell will still be the building’s largest tenant, though it will now occupy 18 floors of the building its employees once filled. The company has cut its local workforce from about 2,300 to 1,400 over the past two years, part of global staff reductions spurred by low oil prices.

Rick Tallant, general manager of Shell’s assets in the eastern Gulf of Mexico, said the company is not reducing staff in New Orleans. He said the company has learned to do more with less space.

Giving up naming rights to the building Shell once built and owned is tough, but Tallant said the company is committed to running efficiently and keeping jobs in New Orleans and the Gulf of Mexico.

“Shell is not a name on a building,” Tallant said. “It’s the people who work here.”

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