Royal Dutch Shell Plc  .com Rotating Header Image

Shell Job Cuts

Urgent safety assessment’ over maintenance job cuts at Fife NGL Plant?

MP calls for urgent safety assessment’ over maintenance job cuts at Fife NGL Plant

:

Kirkcaldy and Cowdenbeath SNP MP Neale Hanvey has written to the Scottish Environment Protection Agency (Sepa) and Health and Safety Executive (HSE) raising “serious concerns” about reductions in staff at Shell’s Fife NGL Plant at Mossmorran.

It is understood  Shell intends to axe 63 out of 77 contractor jobs at the plant – a move trade union Unite has claimed could put lives at risk.

However, Shell has maintained, despite not disputing Unite’s figures, that not all roles being lost relate to “safety critical maintenance” and has given an assurance that safety at the plant would not be compromised. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Investors fear there’ll be no bright post-Covid dawn for oil majors

Investors fear there’ll be no bright post-Covid dawn for oil majors

Jillian Ambrose: Sun 25 Oct 2020 00.05 BST

Royal Dutch Shell and BP will both face investors this week with quarterly financial results that will deliver profits well below those achieved a year ago, against a backdrop of tumbling share prices and rising Covid infections across major economies. In the same week, Shell is expected to reveal a modest underlying profit, of $146m, for the third quarter, according to analysts, after plunging to a loss of $18.4bn for the second quarter. This is still a fraction of the $4.76bn profit recorded in the same quarter last year, and follows the company’s decision to cut 9,000 jobs and reduce the dividend for the first time since the second world war. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell addresses safety concerns from trade union

Shell addresses safety concerns from trade union

Royal Dutch Shell has dismissed “major safety concerns” allegations brought up by the UK’s largest trade union, Unite, reassuring safety of its operations remain paramount, Kallanish Energy reports.

Unite said on Wednesday Shell was reducing “vital” maintenance contractor jobs at its Mossmorran plant in Fife and St Fergus gas terminal “by more than 80%.” It claimed the compulsory redundancies at the Scottish gas plants raised “critical” health and safety concerns. The trade union also warned that fire and safety responses to any major incidents at the plants “could be severely impact.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s plans to slash maintenance staff at Mossmorran would put lives at risk warns union

Shell’s plans to slash maintenance staff at Mossmorran would put lives at risk warns union

 

Trade union Unite said it understood Shell was intending to axe 63 out of 77 contractor jobs at the Fife NGL Plant and that this could put lives at risk.

Shell has disputed the union’s claims of an 80% cut in workforce, insisting the safety of its plants was “paramount” and would not be compromised.

Posts under threat are said to include scaffold inspectors and supervisors, riggers and rigging supervisors, forklift drivers, general assistants and mechanical supervisors. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell deny huge job cuts at two Scots plants then U-turns as union raises ‘critical’ safety concerns

Shell deny huge job cuts at two Scots plants then U-turns as union raises ‘critical’ safety concerns

Exclusive by Martin Williams  Senior News Reporter

SHELL have come under fire after denying union claims of huge job cuts at two of its plants raising ‘critical’ safety concerns – that were later confirmed.

Details seen by the Herald confirm Unite concerns that proposals affecting the energy giant’s Northern Systems and Plants (NSP) operations in Fife and Aberdeenshire would result in 63 out of 77 Kaefer jobs being axed at the Mossmorran plant with a further 46 out of 52 jobs being proposed for redundancy at St Fergus. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Is Shell’s $17 Billion Bet On Floating LNG A Flop?

Is Shell’s $17 Billion Bet On Floating LNG A Flop?

What new ship construction project has cost more than a US Navy Supercarrier and is equally troubled with delays and problems? Shell’s Prelude FLNG.

SOURCE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Plans to Cut Thousands of Jobs

Shell Plans to Cut Thousands of Jobs Amid Shift to Carbon Neutrality: What Investors Need to Know

Shell’s job cuts are just the latest unsettling news for Wall Street’s least-loved oil major (shares of Shell are down more than any other integrated oil and gas company so far this year).

BY Daniel Foelber:(TMFpalomino2) Oct 10, 2020 at 7:54AM

The case for why the job cuts are the right decision for investors.

To say it’s been an off-year for big oil would be an understatement. Shockwaves of volatility and lower energy demand have rippled through global markets. An added threat is the increasing role of renewables in the energy mix as wind and solar companies continue to gain market share — and oil companies lose it. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell: Energy Transition Woes

Royal Dutch Shell: Energy Transition Woes

: Energy Income Authority: Oct 8, 2020 High-quality income and growth plays in the energy space. Summary
  • Poor messaging from management, as well as an ill-prepared balance sheet caused in part by buybacks, has caused the European major a lot of pain.
  • Arguably, senior executives deserve to be shown the door. But even if that happens, expect the pivot away from fossil fuels to continue.
  • Is the move into Power and other “Green Energy” assets the right move? Maybe, maybe not.
  • This idea was discussed in more depth with members of my private investing community, Energy Income Authority. Get started today »

I often get asked why I don’t cover the supermajors all that often on Seeking Alpha. The answer comes down to a rather simple reality: time invested versus potential gain. Anyone that has followed my long / short book knows that whatever I take a stake in, I know inside out. Quite frankly, the sprawling operations of most majors coupled with competing against institutionals that have enough research analysts on the payroll to pack a local gymnasium makes it a losing proposition – or at least in my view. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Op-ed: A $100 billion Big Oil divestiture plan is coming

Op-ed: A $100 billion Big Oil divestiture plan is coming

Tore Guldbrandsøy, senior vice president, and Ilka Haarmann, analyst, at Rystad Energy   KEY POINTS
  • The largest oil and gas companies, including ExxonMobil, Royal Dutch Shell, Chevron and BP, are projected to sell a combined $100 billion in oil and gas assets around the world as they focus on top-performing regions, particularly the U.S. shale, according to a new analysis from consulting firm Rystad Energy.
  • Climate change and renewable energy investments are forces that these Big Oil firms need to respond to strategically, but their own carbon divestiture campaigns will be motivated by factors distinct from the push from climate activists. 

Energy transition has climbed towards the top of the agenda in the boardrooms of the world’s largest oil and gas companies. With electrification and renewable energy on the rise, Big Oil is striving to adapt to a transformation that could eventually render their business obsolete if they don’t latch on to the opportunities it brings. The result could be a massive sell-off of assets as the biggest petroleum players concentrate their oil and gas production to the countries where oil and gas is cheapest and easiest to produce. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

19,000 Shell Jobs Axed During BVD Reign

Shell on Wednesday announced a major reorganization that will see thousands of jobs lost. The last major reorganization dates back to 2016 when Shell cut 10,000 jobs after the acquisition of BG Group.

English translation of an article published by the Dutch equivalent of the Financial Times.

Thousands of jobs at stake in Shell reorganization, not spared

Bert van Dijk

IN BRIEF

Shell on Wednesday announced a major reorganization that will see thousands of jobs lost. The restructuring is also reportedly hitting the top layers of management. The restructuring is needed to reduce costs as oil prices have fallen sharply and the outlook has deteriorated. Shell is also working on it. a new strategy. This will be revealed early next year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Big Oil shares capitulate to COVID, lower carbon doubts

Royal Dutch Shell and BP have lost over half of their market value so far this year, with both shares hitting 25-year lows this week…

Big Oil shares capitulate to COVID, lower carbon doubts

LONDON (Reuters) – Royal Dutch Shell RDSa.L and BP BP.L have lost over half of their market value so far this year, with both shares hitting 25-year lows this week, battered by weak oil prices and investor concerns over their plans to shift to low-carbon energy.

Exxon Mobil, the largest U.S. oil company, which is set to report its third straight quarterly loss at the end of this month, has seen its shares dive 52% since the start of the year.

Oil companies are squeezed by a steep drop in oil prices due to the COVID-19 pandemic combined with growing investor pressure to align their businesses with the 2015 Paris agreement to limit global warming. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Shares Hit Lowest Point Since 1995

Shell Shares Hit Lowest Point Since 1995

by Bloomberg: Laura Hurst: Thursday, October 01, 2020

(Bloomberg) — Royal Dutch Shell Plc dropped to the lowest in 25 years a day after announcing a companywide overhaul, demonstrating the scale of the challenge the biggest oil companies face convincing investors about their green ambitions.

Along with its European peers, Shell is embarking on a transformation to become a cleaner, greener company with much fewer assets in oil by the middle of the century. While many investors have welcomed the new direction, others question a pivot into less-profitable renewables read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

FROM LEADER TO LAGGARD

FINANCIAL TIMES

Shell slims down to shape up for the energy transition

…the Anglo-Dutch group has been forced into previously unthinkable moves, change and scrutiny of its capital allocation plans mount, is scrambling to come up with an updated plan. In the meantime, it is cutting costs and streamlining.

On Wednesday it offered a glimpse into Project Reshape, its organisational restructuring in which up to 9,000 jobs will be cut from its 83,000-strong workforce to save $2.5bn a year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell’s Ben van Beurden on journey from hero to zero



Royal Dutch Shell’s Ben van Beurden on journey from hero to zero

Alistair Osborne Thursday October 01 2020, 12.01am

First the investors, now the staff. Royal Dutch Shell’s net-zero dreams aren’t so cool for everyone: falling shares, a shrunken dividend and up to 9,000 job cuts. Can Ben van Beurden green up the business without the heat also rising on him?

At the end of April the oil group’s chief executive turned up with the first dividend cut since the Second World War: a two-thirds chop to the £11.6 billion paid last year. A mix of Covid-19 and plunging energy prices finally did for the “you can be sure of Shell” mantra. But there was a possible upside, as JP Morgan Cazenove noted. The cut would enable Shell to “accelerate its energy transition agenda to net-zero carbon by 2050”. Maybe it will. And no… read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell to cut up to 9,000 jobs in low-carbon transition

Shell to cut up to 9,000 jobs in low-carbon transition

By Ron Bousso. 30 Sept 2020

LONDON (Reuters) – Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.

Shell, which had 83,000 employees at the end of 2019, said that the reorganisation will lead to additional annual savings of around $2 billion to $2.5 billion by 2022, going partly beyond cuts of $3 to $4 billion announced earlier this year. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell plans up to 9,000 job cuts worldwide

Shell plans up to 9,000 job cuts worldwide

By Allister Thomas

Shell has announced plans for between 7,000 – 9,000 job cuts from its global workforce by the end of 2022.

The energy giant, which has been grappling with the effects of the oil price downturn and Covid-19, follows rival BP who earlier this year announced plans for 10,000 job cuts.

Shell, which employs 6,000 people in the UK, including 1,000 directly in its Upstream oil and gas business in the country, said the “reduced organisational complexity” will save between $2billion – $2.5billion by 2022 on an annual basis. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.