Press release. 30th 2015. Shell has announced that it has agreed to sell a 33.24% shareholding in Showa Shell Sekiyu KK to Idemitsu for approximately US$1.4 billion. Shell will retain a 1.80% holding in the company. In a statement, Shell said that Japan remains an important LNG market for its upstream integrated gas business, as…
Energy major Royal Dutch Shell has decided to cut 6,500 jobs globally responding to the weakness in the crude oil prices, triggering concerns that it may downsize in India as well. But a spokesperson of its India arm dispelled such fears, clarifying that the company may not tinker with its India operations, and could even…
News By Igoniko Oduma of AllAfrica Yenagoa Bayelsa State — Nigeria’s Vice President Yemi Osinbajo said on Thursday that corruption remains a major impediment to the growth of Nigeria’s industrialization. Declaring open the second Bayelsa State Investment and Economic Forum in Government House, Yenagoa, Osinbajo said that the menace of corruption had remained a stumbling…
Gulf News, Dubai 30th July 2015. Oil and gas firms in the UAE are laying off workers already, number of companies in the oil and gas industry in the UAE have shed some of its workers as they opt to reduce operational costs in the hopes of surviving the downturn, industry sources have confirmed. The…