Oil and Gas Company Plans : Royal Dutch Shell to Boost Oil Production, Closes Petrol Stations and Cuts 2,000 Jobs
Royal Dutch Shell plans to exit 35pc of its petrol station markets, reduce refining capacity by 15pc, cut around 2,000 jobs by end of 2011, make cost saving of $1bn this year and sell non-core assets worth $1bn-$3bn a year.
“The company had become too complicated and slower to respond than we’d like. So we are sharpening up,” said Peter Voser, the chief executive, in the company’s annual strategy statement.
He said the earnings last year had been “sharply reduced” by the recession, despite $2bn of cost savings and higher oil prices.
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March 18th, 2010
Alton Coal mining company received approval from government regulators to exploration Utah coal mine in southern Utah. Exploration licensing coal mining after mining companies willing to provide guaranteed funds for mine site reclamation for coal to be on exploration.
India is the global expansion of coal mining in some countries that have the potential for coal mining. Little has been done several coal mining investments in Australia and established a subsidiary in Mozambique coal mines in two coal mining concessions. Currently, the Indian coal mining companies interested in buying small coal properties in the United States. Chairman little is negotiating with the U.S. coal mining company.