A number of oil and gas companies with North Sea operations have revealed the impact of low crude prices on their trading in recent months.
Shell chief executive Ben van Beurden said the firm is “enjoying” the benefits of recent efforts to get its North Sea business in shape, but declined to rule out additional job losses.
Speaking after Shell reported a 72% drop in second quarter net income to $1billion (£762million), he said Shell had done more to lower costs and enhance reliability in the North Sea than in any other mature basin.
The boss at Royal Dutch Shell (LON: RDSB) said today that the firm is “enjoying” the benefits of recent efforts to get its North Sea business in shape, but declined to rule out additional job losses.
Shell chief executive Ben van Beurden said the company had done more to lower costs and enhance reliability in the North Sea than in any other mature basin.
Speaking after Shell reported a 72% drop in second quarter earnings, Mr van Beurden said the companies’ North Sea portfolio was “contributing” in the face of “tough” economic conditions.
A company which was set up by investment fund Emerstone Energy has won a contract for shale gas exploration in Ukraine after oil major Shell withdrew from Ukraine.
Unions are to hold two protests at Wood Group offices and Shell premises in Aberdeen tomorrow in support of offshore staff taking part in the first strike action in 28 years.
Exports of Nigeria's largest crude oil stream, Qua Iboe, will remain under force majeure for at least one month while operator ExxonMobil repairs a leak on the pipeline feeding the terminal, according to reports.
Shell is said to be planning to open its first fuel stations in Latvia this month with a total of ten to be completed by the end of the year, according to reports.
Oil major Shell will appear before Dublin’s Metropolitan District Court in September after it was sent a summons from the Environmental Protection Agency.
The vice president of Shell's UK and Ireland Upstream operations has said the oil major is "disappointed" after both Unite and RMT unions voted in support of strike action.
