RDSA.L Share News (RDSA)

UPDATE 1-Shell to cut 2,200 more jobs in face of weak oil prices

(Updates throughout) LONDON, May 25 (Reuters) - Royal Dutch Shell will cut a further 2,200 jobs, taking its target for layoffs to 12,500 by the end of the year, the Anglo-Dutch oil firm said on Wednesday, as it cuts deeper in the face of weak oil prices. Shell let go 7,500 staff and d

Shell reveals 2,200 new job cuts

(ShareCast News) - Royal Dutch Shell has announced it will axe 2,200 further jobs, taking its total 2015-16 job cuts to 12,500. The Anglo-Dutch group revealed on Wednesday that it needed to make the cuts to reduce costs in order to remain competitive in the current environment of low oil prices. Ho

Shell increases job cuts target by 20 percent

LONDON, May 25 (Reuters) - Royal Dutch Shell will increase the number of job cuts in 2015 and 2016 by around 20 percent to at least 12,500 as a result of low oil prices and the integration of BG Group, it said on Wednesday. The Anglo-Dutch company will reduce the size of its UK and Ireland

Nigeria should act with caution in oil-producing Delta-state governor

YENAGOA, Nigeria, May 25 (Reuters) - Nigeria's federal government should act with caution in the Niger Delta, where militants have been blowing up pipelines, as a military approach will not calm the situation, the governor of the Bayelsa state in the Delta said. "The way forward is for all

Nigeria claws back oil output under the shadow of militant threats

By Libby George LONDON, May 24 (Reuters) - Nigeria was clawing back lost oil production this week after militant attacks on pipelines and an accident at an export terminal hobbled the country's crude exports. A spate of militant activity in Nigeria's oil-producing region slashed outpu

UPDATE 2-Shell faces rising investor discontent over executive pay

* Votes against remuneration rise to 14.17 pct from 3.84 pct * CEO pay too high given weak financial performance -RLAM (Recasts, adds background, comments, voting results) By Ron Bousso THE HAGUE, May 24 (Reuters) - Investor discontent with Royal Dutch Shell over multi-million

UPDATE 1-Shell CEO warns renewables shift could spell end if too swift

* Shell CEO says industry needs trillions in investment * Fast switch to renewables would endanger dividends * Shareholders reject resolution to become renewables firm (Recasts, updates throughout) By Ron Bousso THE HAGUE, May 24 (Reuters) - Royal Dutch Shell cannot swi

Shell says oil sector needs to invest trillions even within climate limits

THE HAGUE, May 24 (Reuters) - The oil and gas industry will need to invest up to $1 trillion per year even within the limits of the U.N.-backed goal of curbing global warming to 2 degrees, Royal Dutch Shell's chief executive said on Tuesday. "If collectively we find a way to stay within the

Shell shareholders vote in favour of CEO's 5 mln euro pay

THE HAGUE, May 24 (Reuters) - Royal Dutch Shell shareholders on Tuesday voted overwhelmingly in favour of Chief Executive Officer Ben van Beurden's 2015 remuneration of 5.135 million euros ($5.74 million). More than 86 percent of shareholders adopted the Anglo-Dutch company's executive rem

UPDATE 1-Dutch pension fund PGGM critical of Shell ahead of annual meeting

(Updates with reaction from Shell) AMSTERDAM, May 23 (Reuters) - Dutch pension fund PGGM, a major shareholder in Royal Dutch Shell, criticised the company's climate change policy on Monday, a day before Shell's annual meeting. "We are not yet convinced Shell has sufficiently internali

Dutch pension fund PGGM critical of Shell ahead of annual meeting

AMSTERDAM, May 23 (Reuters) - Dutch pension fund PGGM, a major shareholder in Royal Dutch Shell, criticised the company's climate change policy on Monday, a day before Shell's annual meeting. "We are not yet convinced Shell has sufficiently internalised the consequences of climate change in

ENI CEO says Nord Stream 2 would raise gas prices in Italy

BRUSSELS, May 23 (Reuters) - Italian gas prices will increase if the Nord Stream 2 pipeline is built to double the amount of gas Russia pumps to Germany, the CEO of Italian oil and gas major Eni said on Monday. Hinting at the political divisions that the pipeline has sparked within the Euro

LONDON MARKET MIDDAY: Brexit Warnings And Oil Price Weigh On FTSE 100

UPDATE 3-Nigeria's Buhari orders heightened military presence in restive Niger Delta

(Adds detail, background) By Felix Onuah and Anamesere Igboeroteonwu ABUJA/ONITSHA, Nigeria, May 20 (Reuters) - Nigeria's President Muhammadu Buhari on Friday said he ordered a heightened military presence in the restive Niger Delta region to deal with a resurgence of attacks on oil a

Oil sands cos losing up to $50 million a day as fires rage -analysts

By Jessica Resnick-Ault NEW YORK, May 20 (Reuters) - Out-of-control wildfires that have consumed over a million acres of land in Canada's Alberta are costing oil companies as much as $50 million a day in lost production, according to analysts. Alberta's oil producers curtailed product