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Oil and Gas Technology

Oil & Gas Tecnology Update, News, reports...

Thursday, June 14, 2007

FEARS that Shell is preparing a retreat from its vast North Sea operations were raised yesterday after the oil giant announced plans to sell some of its major offshore assets and to scrap proposals for a £25 million subsea centre of excellence in Aberdeen, Europe's oil capital.
In an announcement that sent shockwaves through every sector of the industry, Shell revealed that the company and its partner, Esso, were putting their joint interests in six mature North Sea oilfields on the open market, placing the future of 400 jobs in doubt. The sale amounts to 7 per cent of the company's North Sea portfolio....
Details : Scotsman

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posted by Webworm, 5:53 PM

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