The oil giant said the cuts would be implemented by 2022 and included 1,500 people who were taking voluntary redundancy .
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.
Is Shell Oil laying off 9000 workers?
“SHELL OIL laying off 9000 workers, ” reads the Feb. 8 post. ” Thanks Biden.” This post was flagged as part of Facebook’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Facebook .) Curtis Smith, a spokesperson for Shell, told us this isn’t accurate.
Another popular inquiry is “Why did shell cut 9K jobs?”.
“Shell announced up to 9,000 positions would be eliminated as part of a broader effort to reduce costs , simplify the company’s structure and accelerate investments in lower-carbon energy products,” he added. At the time, Reuters reported on the oil giant’s move here .
How much oil does shell produce in Nigeria per day?
In 2014 Shell-operated ventures in Nigeria produced an average of 739,000 barrels of oil equivalent per day (boe/d), with 578,000 boe/d from the Shell Petroleum Development Company Joint Venture (SPDC JV) and 161,000 from the Shell Nigeria Exploration and Production Company (SNEPCo).
The next thing we wondered was; is shell liable for oil spills in Nigeria?
The company has been responsible for some of the most significant oil spills in the Niger delta, and both Nigerian and European courts have held them liable for environmental destruction. Shell started business in Nigeria in 1936 as “Shell D’Arcy” and was granted an exploration license.
Why do shell operate in nigeria?
Shell in Nigeria. As one of the world’s leading energy companies Shell plays a key role in helping to meet the world’s growing energy demand in economically, environmentally and socially responsible ways. Shell has a history of over 50 years in Nigeria and the largest footprint of all the international oil and gas companies operating in the country.
What is the role of shell companies in Nigeria?
Shell Companies in Nigeria (SCi. N) are major contributors to the economy, not only through the energy they produce and the revenues they generate for the country, but also via their supply chains, local content and social investment.
Shell has been active in African countries since 1937. Shell corporations and investments have vied a pioneering role in onshore, shallow, and trouble oil exploration and production. Shell has conjointly been at the forefront of gas development, manufacturing, and delivering gas to domestic shoppers and export markets for over forty years.
What is a shell company in India?
In India, Shell companies haven’t been defined in law, observes Sandeep Parekh, the founder of Finsec law Advisors. Hetal Dalal, chief operating officer, Institutional Investor Advisory Services, a proxy advisory firm, points out that simply having a shell company cannot imply any wrongdoing.
This of course begs the question “Are shell companies legal in india?”
Internationally, shell companies are without active business operations or significant assets, but they are sometimes used illegitimately to disguise business ownership or transfer of assets from law enforcement or the public. In India, they are not yet illegal.
Is a shell company an asset-backed company?
“Securities Act Rule 405 and Exchange Act Rule 12b-2 define a Shell Company as a company, other than an asset-backed issuer, with no or nominal operations; and either: assets consisting of any amount of cash and cash equivalents and nominal other assets.”.
Another popular question is “How many shell companies has Modi de-registered in India?”.
A few years back, while talking about India’s battle against black money, Prime Minister Narendra Modi said that more than 1.75 lakh shell companies had been de-registered under his Government.