Shell Will Cut Up To 180 Jobs In Aberdeen As It Sells Fields, Reviews Contractor Practices - Reuters

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LONDON, April 23 (Reuters) - Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) said on Wednesday it is to cut 180 jobs in Aberdeen and review practices regarding contractors, as it sells oilfields in the North Sea.

The world's second-largest private oil company by market value said in a statement the cuts in office-based positions, representing 7 percent of its workforce in the Scottish city, were needed to keep its UK operations competitive in the face of rapidly rising industry costs.

Major oil companies such as Shell, BP Plc (BP.L: Quote, Profile, Research) and Exxon Mobil (XOM.N: Quote, Profile, Research) have been selling assets and shedding jobs in the North Sea to focus on areas with greater exploration potential. Last October, BP said it planned to cut its onshore North Sea workforce by almost 20 percent, a loss of 350 jobs.

UK-registered BP and Shell are sensitive to the accusation they are gradually exiting the North Sea which helped them retain their position as oil majors when they lost key assets in the Middle East in the 1960s and 1970s.

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http://www.reuters.com/article/marketsNews/idUSL2374480420080423?rpc=401&

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1. Oh NO We Better Give Them Another Tax Break

:sarcasm: :sarcasm: :sarcasm::sarcasm:

:hi: