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Posts under ‘Shell Job Cuts’

Big Oil Gears Up For $60 Break-even Price As Profits Sink

Gaurav Sharma: OCT 31, 2015 The latest quarterly results season is receding into the accounting archives, with BP, Royal Dutch Shell, Chevron and the keenly anticipated numbers of Exxon Mobil now with us. That lower oil prices continue to dent profits at the world’s biggest oil companies is no longer news. Figures on their often unloved […]

Cash Crunch Clouds Future for Oil Firms

By SARAH KENT and JUSTIN SCHECK: Oct. 25, 2015  At Shell, Chief Executive Ben van Beurden has said he was “pulling out all the stops” to protect the dividend. At the same time, he has flagged the potential for even deeper cuts at his company, based in The Hague. “I think in the end, the success […]

Why Shell is facing issues in Asia

I’m a sub sub contractor making a living with a few men Shell just terminated a main contractor on their projects. They lost money, time, reputation. Today I was told by my subcon who had a contract with Punj Lloyd that Shell terminated that contract and closed the site and thus my contract is now terminated. […]

Shell to cut 1,300 jobs in Malaysia over two years

By Collin Eaton: 29 Sept 2015 HOUSTON — Royal Dutch Shell’s oil unit in Malaysia said it will cut 1,300 jobs, or about 20 percent of its Malaysian workforce, over the next two years as it restructures itself. Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond […]

How Royal Dutch Shell Is Addressing Its Dividend Concerns

Christopher F. Davis: Sept 3, 2015 Summary This article is a follow-up to my prior article addressing the company’s dividend concerns. History won’t always repeat itself, so I felt I would talk about what the company is doing in detail and expand on my thoughts. I am betting history continues. As you know, Royal Dutch […]

Royal Dutch Shell Is Now A 7.54% Dividend Yield Monster

Aug. 24, 2015 6:45 PM ET Summary Stock market downturn takes Shell’s dividend yield to an astonishing 7.54%. The dividend looks reasonably safe. High initial yield but little growth expected in coming years. Royal Dutch Shell (NYSE:RDS.A) (NYSE:RDS.B) doesn’t need an introduction. This Anglo-Dutch multinational is one of the largest, integrated oil & gas majors […]

Inside Shell’s Extreme Plan to Drill for Oil in the Arctic

by Paul Barrett and Benjamin Elgin: 5 August 2015: BLOOMBERG.COM Protesters near the Polar Pioneer.: Photographer: Keri Coles/Greenpeace In a windowless conference room in Anchorage, a dozen Royal Dutch Shell employees report on the highest-profile oil project in the multinational’s vast global portfolio. Warmed by mid-July temperatures, Arctic ice in the Chukchi Sea, northwest of the Alaskan mainland, […]

Almost all of BG employees, even senior management expect to be let go

EXTRACTS FROM ANONYMOUS POSTINGS ON WEBSITE: UNDER THE HEADING: EXTRACTS It’s Official SHELL to layoff 6500 employees Also this 6500 number doesn’t count the contractors and BG employees. Almost all of BG employees, even senior management expect to be let go. Anonymous127132 20 days ago (Sun 07/12/15 07:47:56 UTC) Shell Houston Secret Reductions While Shell […]

Royal Dutch Shell Profits Continue to Fall, Prompting 6,500 Layoffs By

By STANLEY REED: JULY 30, 2015 LONDON — Royal Dutch Shell said on Thursday that its profit fell sharply in the second quarter as a strong performance in marketing and refining failed to offset the brunt of lower oil and gas prices. The oil giant also said it would cut its capital investment and eliminate 6,500 jobs […]

Shell to cut jobs, spending to cope with lower oil prices

LONDON | BY RON BOUSSO AND KAROLIN SCHAPS: 30 July 2015 Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices. The Anglo-Dutch oil and gas company also said […]

Shell to Cut 6,500 Jobs, Reduce Investment by $7 Billion

By Rakteem Katakey: July 30, 2015″ BLOOMBERG.COM Royal Dutch Shell Plc, the oil producer buying BG Group Plc for more than $70 billion, said it plans to cut 6,500 jobs this year and reduce capital investment by $7 billion. Shell is planning for a “prolonged downturn,” the company said Thursday in a statement. Its dividend commitment […]

Royal Dutch Shell to cut 6,500 jobs

Oil giant Royal Dutch Shell has announced it is to shed 6,500 jobs as part of cost cutting plans. 30 July 2015 The company said the cost cutting was to help “mitigate the impact” on profits amidst a drop in oil prices. Its “prudent approach” included a reduction in operating costs of $4bn and reduced oil […]

Shell to lay off staff, contractors in Norway

Shell to lay off staff, contractors in Norway Thu Apr 23, 2015 3:29pm GMT OSLO, April 23 (Reuters) – Oil producer Royal Dutch Shell will lay off 120 of its 900 workers in Norway and reduce its contractor force by 140 from 350, as low oil prices force it to cut costs, it said on […]

Shell to cut more UK North Sea jobs in 2015

Thursday 26 March 2015 (Reuters) – Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry. “Shell UK plans to reduce […]

Why Shell Withdrew Application For Pierre River Oil Sands Project

By: MICHEAL KAUFMAN Published: Feb 24, 2015 at 7:48 am EST Royal Dutch Shell plc (ADR) (NYSE:RDS.A) indicated on Monday that it has withdrawn the application to develop Pierre River Oil Sands in northern Alberta. The oil sands mine was first proposed by Shell Canada in 2007. The Pierre River oil sands are estimated to […]

Royal Dutch Shell slashing North Sea jobs

By John Donovan 250 full time Shell employees and contractor staff in Aberdeen will be culled over the next year.  According to a Shell spokesperson: Shell is reorganising its operations to better serve the needs of its offshore facilities and to build a stronger long-term business in the North Sea. Following staff consultation, Shell expects […]

How Shell’s cutbacks will feel in Houston

Extract from an article by Jordan Blum published by Houston Business Journal on 16 March 2014 Shell is cutting about 400 people — out of about 1,800 total — from its onshore North American operations. But Shell spokeswoman Kayla Macke emphasized that most of those 400 employees will be “redeployed” to other Shell projects. FULL […]

Shell Oil fading

Extracts from an article by Robert Magyar published 15 March 2014 by under the headline: “Shell Oil fading in the Pennsylvania Marcellus” A new analysis of the second half 2013 Pennsylvania Marcellus shale oil and gas production shows the vast majority of Royal Dutch Shell’s 630 wells are under performing compared to its peers. […]

Shell will cut U.S. jobs

Extract from an article by Josh Cain published 14 March 2014 by Houston Business Journal under the headline: Shell will cut oil field spending, U.S. jobs after disappointing shale plays Royal Dutch Shell Plc (RYSE: RDSA), the oil and gas giant with a massive presence in Houston, said on March 13 that it would cut […]

Shell cuts spending in U.S. to lower shale exposure

Extracts from a Reuters article by Karolin Schaps and Dmitry Zhdannikov published 13 March 2014 LONDON, March 13 (Reuters) – Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another sign that oil majors are struggling to profit […]

Future Bright For BP and Royal Dutch Shell Shareholders?

Extracts from an article by Rupert Hargreaves published on 4 March 2014 by The Motley Fool One of the problems that these oil majors face is the sheer size of their operations, making it hard to keep track of everything. In particular, it has been estimated that up to 30% of Shell’s assets are not […]

Shell refinery sale puts 500 jobs at risk in Victoria

THE GUARDIAN: Article by Martin Farrer: Wed 19 Feb 2014  Victoria faces another blow to its economy after Royal Dutch Shell reportedly sold Geelong refinery, putting 500 jobs at risk. The oil major sold the asset and its Australian petrol stations to Dutch-owned oil trader Vitol and the Abu Dhabi Investment Council for about $2.4bn, […]

Australia: Shell sells local assets for $2.4bn: report

THE AUSTRALIAN: FEBRUARY 19, 2014 ROYAL Dutch Shell has sold its downstream assets in Australia, including petrol stations and its Geelong refinery to Vitol for an estimated $2.4 billion, Fairfax Media reports. Last month, Shell sold stakes in a gas project in Western Australia for $1.14 billion as part of the oil company’s drive to […]

Shell eyeing job cuts at Geelong Refinery

Shell’s refusal to guarantee the future of its Geelong refinery has led Australian Workers Union Victorian secretary Ben Davis to warn that the company will axe jobs whether it finds a buyer for the asset or not… 16 Jan, 6:57 AM Shell’s refusal to guarantee the future of its Geelong refinery has led Australian Workers […]

Shell sale fuels jobs fears – 600 jobs on the line

UP to 600 local jobs are on the line after Shell announced it is selling the Geelong refinery it opened in 1954. Shell’s Geelong workers and senior management were told the news yesterday morning, just moments before a public announcement that the company was putting the refinery up for sale. While workers were told not […]

No chance for Shell refinery sale: analyst

ABOUT 450 fearful Shell refinery workers in Geelong face a long wait for a lifeline that analysts and unions doubt will ever come. The petroleum giant has announced plans to sell its last remaining Australian refinery, but if it can’t find a buyer by the end of 2014 to keep it open, it may convert […]

Shell puts last remaining Australian refinery on sale, delivering a ‘hammer blow’ to Geelong

Matt Chambers and Stuart Rintoul From: The Australian April 04, 2013 5:30PM ROYAL Dutch Shell is putting its Geelong refinery up for sale, threatening the jobs of more than 500 workers in a city unions say is “already on its knees”. The oil giant says if it can’t sell the refinery, it will consider turning […]

Selection of links to Shell related articles 20 March 2013

Selection of links to Shell related articles kindly supplied by a regular contributor US gets tough on Arctic oil drilling: New Scientist-DRILLING for oil in the Arctic could get a lot tougher. … To resume drilling, Shell will need approval from the federal government and, for the first … PORTER: The earth-shaking promise of shale: […]

Future of Shell Vic refinery in doubt

An executive of Shell has said the future of the oil company’s Geelong refinery is ‘borderline’. Shell global downstream director Mark Williams said the operation of the refinery at Geelong was ‘questionable’ given the challenges faced. ‘It’s borderline,’ Mr Williams told the Australian Financial Review. ‘It depends a lot on how it performs over the […]


UPDATE FROM DELTA RIGHTS GROUP OF 115 FORMER SHELL NIGERIA EMPLOYEES Information supplied to John Donovan Hi John, Find attached the Names of the NECONDE 115. For confidentiality, we pulled out their surnames. Their full names and surnames have been forwarded to the President of the Federal Republic of Nigeria for his info and action. […]

How Shell changed its culture and lost its way

FROM OUR ARCHIVES… Financial Times: How Shell changed its culture and lost its way By Ian Bickerton Published: June 17 2004 21:36 Posted 18 June 2004 It is rare to find Royal Dutch/Shell in openly confessional mood. Yet as Jeroen van der Veer, its managing chairman, stood with the applause of the oil group’s 400 […]

Claimed uprising by Shell Libya staff

(Photo from the article Royal Dutch Shell, Tony Blair and Muammar Gaddafi) Email purportedly sent on 14 June 2012 by Shell Libya staff to senior Shell managers. The email is in reaction to Shell’s recent decision to terminate its exploration contracts in Libya. Shell apparently preferred to deal with Mad Dog Gaddafi. THE EMAIL From: […]

Shell to shift IT jobs to India, Malaysia

From our Archives, June 2004… Shell to shift IT jobs to India, Malaysia PTI / Houston June 08, 2004 In order to improve quality and save $850 million annually beginning in 2008, Shell Oil Co is cutting 600 to 800 information technology jobs in the USA and offshoring most of these jobs to India […]

AMWU says Shell closure will cost jobs

Friday June 8, 2012 A union says the closure of Shell’s Sydney oil refinery will lead to job losses, despite the company saying employees can be redeployed. The company on Thursday informed the 275 employees and at least 100 contractors at the Clyde refinery, in Sydney’s west, that operations will stop from September 30. Shell […]

Shell to close Sydney refinery

Oil company Shell will close a Sydney refinery in September, creating uncertainty for up to 275 employees and at least 100 contractors. Thursday June 7, 2012 Oil company Shell will close a Sydney refinery in September, creating uncertainty for up to 275 employees and at least 100 contractors. The company on Thursday informed staff at […] Shell IT staff will be well placed to find new jobs

ARTICLE FROM OUR ARCHIVES: The global IT workforce at Shell, which totals 9,300, will fall by between 20% and 30% by 2006, with several hundred UK IT jobs at risk. Shell IT staff will be well placed to find new jobs By Daniel Thomas Tuesday 4 May 2004 Shell IT staff who leave as […]

Shell accused of deceit, trickery and fraud by a group of over 100 former employees

LETTER TO THE PRESIDENT OF NIGERIA FROM THE DELTA RIGHTS GROUP OF OVER 100 FORMER SHELL EMPLOYEES By John Donovan Printed below is a letter recently sent to the President of Nigeria by The Delta Rights Group, a group of over 100 former Shell employees who allege that they are the victims of deceit, trickery […]

Energy in 2050 — Shell’s Peter Voser

Rich Karlgaard, Forbes Staff This article originally appeared in the Apr. 23, 2012 issue of Forbes magazine. This year will likely be the first time in history that a company tops $500 billion in sales. Two oil companies are good bets to pass the mark: the U.S.’ ExxonMobil and the U.K.-registered, Netherlands-headquartered Royal Dutch Shell. […]

An open wound for Shell

Some Shell employees complained on their website that a “Swiss Mafia” is running the group. Meanwhile, staff flocked to to attack the groups management. Influential? you bet. The Donovans and their blog are regularly quoted in the mainstream media? no doubt that the father-and-son team is an ongoing headache for Shell. By John […]

Shell to shut its main UK research base and transfer its work overseas

Hundreds of scientists to be relocated as oil multinational aims to shift most research and development work to Germany by 2014… Shell staff told the Guardian privately that they were “seething”… Terry Macalister:, Sunday 15 January 2012 15.12 GMT Shell, led by Peter Voser, is to close its technology centre in Thornton, Cheshire. Photograph: […]

Shell quiet on refinery

SHELL Australia has again failed to guarantee the future of its refinery operations in Geelong, as the company looks to scale back in the face of increased Asian competition and reduced margins. Cameron Best   |  December 6th, 2011 SHELL Australia has again failed to guarantee the future of its refinery operations in Geelong, as the company […]


FINANCIAL TIMES ARTICLES CITING THE WEBSITE: ENERGYSOURCE BLOG December 3, 2009 Spot news …French companies dismiss claims of political fix (FT) Shell critic says oil major targeting his website operator cites released emails (Reuters) Nigerians urge Yar’Adua to step down Warnings of power vacuum… Kate Mackenzie ENERGY SOURCE BLOG February 12, 2010 Shell’s […]

Shell shutdown a rational move, but it will cost jobs

John Durie From: The Australian April 13, 2011 12:00AM LAST week Treasurer Wayne Swan rejected the concept of Singaporean control of Australia’s stock exchange, but it seems fuel supply is a different matter. Shell’s decision yesterday to close its Sydney refinery means more Australian fuels will be imported from the likes of Singapore. It is […]

Shell ready to ship extra gas to Japan in wake of tsunami

*SHELL DEALING WITH THE DEVIL AGAIN: Voser insisted the North African dictatorship was ‘still under development and is evolving into democratic structures over time’. And despite saying Libya was ‘rather small for Shell’, he refused to profess any discomfort at the firm’s cosy relationship with Gaddafi, based on a £ 375m exploration deal signed in […]

Refinery workers reject plans for Shell Stanlow sale to Essar

Out of the frying pan and into the fire… to go from a situation that is bad, to one that is even worse… By John Donovan Representatives of the Unite union had a meeting on 1 March with Shell and Essar to discuss the proposed employee transfer arrangements arising from Shell’s pending sale of the […]

Shell, BP to Close, Sell Oil Refineries in Europe, U.S.

By Nidaa Bakhsh – Feb 9, 2011 12:01 AM GMT+0000 Royal Dutch Shell Plc and BP Plc, Europe’s largest oil companies, plan to close and sell refineries in the U.S. and Germany on declining demand for fuels such as gasoline in developed nations. BP plans to sell its 475,000 barrel-a-day Texas City refinery in Texas […]

Essar finalises to buy Shell’s UK refinery for $350 mn

19 Jan, 2011, 03.17PM IST, Darshan Mehta,ET MUMBAI: Essar Oil has finalised the acquisition of Shell’s Stanlow refinery in UK for $350 million dollars, a source close to the deal told ET NOW. The Stanlow refinery is part of the Royal Dutch Shell group with a capacity of 2.37 lk barrels per day. The deal […]

Shell to Stop Fuel Output at Hamburg Refinery for Conversion to Terminal

By Brian Swint and Rachel Graham – Jan 12, 2011 2:02 PM GMT+0000 Royal Dutch Shell Plc said it plans to stop fuel production at its refinery near Hamburg and turn it into a terminal after a two-year search failed to find a buyer. The company is still looking to sell the lubricant production unit […]



Royal Dutch Shell: History vs Present Behavior

“Mr V enjoys a new +22% salary up from 3.2M in ’09 to 4.4M. Now don’t get me wrong, he did an excellent job of getting rid of ~6000 employees and made sure all who followed the rules were also rewarded, whether they drank too much, sexually accosted their underlings, had sex on company property, […]