On the tail of the previous article, Shell continues stride with deepwater projects
Dateline 2015-09-29, Fuelfix:
Royal Dutch Shell’s oil unit in Malaysia said it will cut 1,300 jobs, or about 20 percent of its Malaysian workforce, over the next two years as it restructures itself.
Shell Malaysia said Tuesday it is trying to become a more efficient company but gave few details beyond disclosing the coming staff reductions. It said it has made “adjustments” to its upstream portfolio but didn’t elaborate.
“Shell Malaysia is preparing itself to be more competitive in a low oil price environment,” Shell Malaysia Chairman Iain Lo said in a written statement. “Continuing business as usual is not sustainable. We are taking difficult, but necessary action.”