This week it was revealed Shell was planning to sell some of its $3billion Norwegian assets.
The move comes after the oil major said earlier this year it was looking to divest a number of assets in different regions.
According to reports, one suggestion being made is that Shell would sell off its shares in the assets it operates but keep its investments in others it does not run.
At this week’s Offshore Decommissioning Conference in St Andrews, Shell project director Alistair Hope said the sector was still challenged with “interia”.
Alistair Hope, who has been involved with the decommissioning of the oil major’s Brent field, said decommissioning represents a “global opportunity” for companies.
But he said if it were to be successful costs need to come down, as well as a change in the traditional mindset of the industry and its approach to it.
Shell also said this week it was in consultation over around 380 jobs in Glasgow.
The energy major said it made the decision following a review of its global finance operations network.
A Shell spokesperson said the office on Bothwell Street would be closed over the next 15 months and that employees at the site would “likely face involuntary redundancy”.
On Thursday, fresh figures revealed Shell’s Corrib gas field is generating sales of more than €1.2million a day.
The company started production on the field off the Mayo coast at the end of last year.
There have been recorded estimated revenues of $360million this year so far.
And finally, Shell is said to have snapped up a large volume of North Sea oil which helps set the global Brent benchmark, according to reports.
The price of dated Brent – the benchmark used to price cargoes in Europe, the Middle East, Africa and parts of Asia, is set by the cheapest of four North Sea crudes – Brent, Forties, Oseberg and Ekofisk, or BFOE.
The oil major is said to have acquired many of the Forties cargoes loading in early December through the forward BFOE market.
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