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first_img FacebookTwitterLinkedInEmailPrint分享Reuters:Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters.Shell’s new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any savings will come on top of a $4 billion target set in the wake of the COVID-19 crisis. Reducing costs is vital for Shell’s plans to move into the power sector and renewables where margins are relatively low. Competition is also likely to intensify with utilities and rival oil firms including BP and Total all battling for market share as economies around the world go green.Last year, Shell’s overall operating costs came to $38 billion and capital spending totaled $24 billion.Shell is exploring ways to reduce spending on oil and gas production, its largest division known as upstream, by 30% to 40% through cuts in operating costs and capital spending on new projects, two sources involved with the review told Reuters. Shell now wants to focus its oil and gas production on a few key hubs, including the Gulf of Mexico, Nigeria and the North Sea, the sources said.The company’s integrated gas division, which runs Shell’s liquefied natural gas (LNG) operations as well as some gas production, is also looking at deep cuts, the sources said.For downstream, the review is focusing on cutting costs from Shell’s network of 45,000 service stations – the world’s biggest – which is seen as one its “most high-value activities” and is expected to play a pivotal role in the transition, two more sources involved with the review told Reuters.Shell’s restructuring drive mirrors moves in recent months by European rivals BP and Eni which both plan to reduce their focus on oil and gas in the coming decade and build new low-carbon businesses.[Ron Bousso]More: Exclusive: Shell launches major cost-cutting drive to prepare for energy transition Shell launches restructuring effort to prepare for energy transitionlast_img read more

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first_imgLakers forward Brandon Ingram underwent an MRI that confirmed he sprained his left ankle when he came down on LaMarcus Aldridge’s foot in Wednesday’s victory over the Spurs, according to The Athletic. “Obviously, we’ve had a pretty dang-gone good rotation of guys knowing who’s going to play and where they’re going to play, and the lineups out there,” James said Wednesday. “For our starting two guards to go down in the first couple minutes of the game, it just derailed our offense, taking one of our best ballhandlers and midrange scorers out of the game. Unfortunately, he’s probably going to be out for a little while (so) we have to have guys step up. That’s the nature of the game.”Ingram, 21, had five points on 2-of-2 shooting with a blocked shot before leaving the game but is averaging 15.7 points and 4.2 rebounds per game this season. The third-year player will be re-evaluated in a week.I​​ngram left in the first quarter of Wednesday’s game. He was on crutches after the game, but with the ankle wrapped in black tape, he was able to walk some without them, according to the Los Angeles Times.Brandon Ingram landed on the foot of LaMarcus Aldridge and appeared to roll his left ankle on an and-1 jumper he made. Aldridge was given a Flagrant 1 foul for moving underneath Ingram when he was in the air.— Mike Trudell (@LakersReporter) December 6, 2018Officials reviewed video of the play that caused Ingram’s injury and Aldridge was called for a Flagrant 1 for not giving Ingram a chance to land after his shot.Brandon Ingram missed both previous games vs Spurs -San Antonio won both.Conspiracy me believes this would explain why LaMarcus Aldridge would make a dirty play.Refs saw it the same, as they gave Aldridge a technical foul. #SAvsLAL pic.twitter.com/H9ld4QyiZ1— LosRealAli West (@LosRealAli) December 6, 2018LeBron James described losing Ingram as “huge.”center_img Lakers say Brandon Ingram will be re-evaluated in one week after MRI confirmed left ankle sprain. He was already ruled out for tonight in Memphis but will now be sidelined for at least two more games — against Miami and at Houston.— Bill Oram (@billoram) December 8, 2018He did not travel with the team for a rematch in San Antonio and also missed Friday’s game. The injury will continue to sideline Ingram through the weekend and at least two more games.last_img read more

first_imgFacebook5Tweet0Pin0Submitted by Washington State Department of TransportationTravelers should prepare for potential daytime delays on northbound Interstate 5 in Lacey.From 9:00 a.m. to 2:00 p.m. Tuesday and Wednesday, October 29-30, the left lane of northbound I-5 approaching milepost 109 will close.The daytime lane closure will allow Washington State Department of Transportation maintenance crews will trim shrubbery away from the shoulder.This type of work must be done during daylight hours for safety reasons.Commuter toolsAdvance information about construction, maintenance and other work on state highways is available at the Thurston County construction and travel updates web page. Real time information is available on the WSDOT app and by following the WSDOT regional Twitter feed.last_img read more