Shell will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.
FILE PHOTO: The Royal Dutch Shell logo is seen at a Shell petrol station in London, January 31, 2008. REUTERS/Toby Melville/File Photo/File PhotoExecutive committee to shrink to seven from nine memberswill combine its oil and gas production and liquefied natural gas divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.
Sawan took office on Jan. 1 after heading Shell's integrated gas division, which included the group's LNG and renewables businesses, with a vow to simplify and improve the company's operations.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell CEO in first changes combines LNG, upstream operationsShell will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of CEO Wael Sawan's first changes since taking charge of the energy giant earlier this month.
Read more »
Japan's JERA raises FY22/23 earnings estimate on lower LNG procurement costJERA, Japan's biggest power generator, said on Monday it now sees a net profit of 100 billion yen ($769 million) for the year to March 31, against its previous forecast of a net loss of 200 billion yen, due to lower-than-expected fuel procurement cost.
Read more »
Rheinmetall moving towards order backlog of 30 billion euros - CEOGerman arms maker Rheinmetall had a record year in 2022 and is approaching an order backlog of 30 billion euros, CEO Armin Papperger told Reuters in an interview.
Read more »
Rheinmetall moving toward order backlog of 30 billion euros: CEOGerman arms maker Rheinmetall had a record year in 2022 and is approaching an order backlog of 30 billion euros, CEO Armin Papperger told Reuters in an interview.
Read more »
Profile of Ken Griffin CEO of Citadel and megadonor for DeSantisThe GameStop affair, in an odd twist, actually helped boost Citadel's clout with potential recruits, its CEO and founder Ken Griffin told Insider.
Read more »
Toyota Rethinks EV Strategy With New CEOThe auto maker’s new boss will confront a question dividing the corporate world: whether to take gradual steps or big leaps ahead in the move to green technology
Read more »