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 transition
TownHall.com 11 June 2015President Obama is the most pro-abortion president in U.S. history, a glimpse of which we were able to see before he even stepped foot in the oval office. As a senator, Barack Obama voted against the Born Alive Infant Protection Act, not once or twice, but four times. In other words, he voted for infanticide, which makes sense considering he believes newborn babies are just “fetuses outside of the womb.”As president, he’s appointed a long list of pro-abortion judges and officials; expanded abortions through Obamacare; became the first sitting head of state to address Planned Parenthood, even wishing God blesses them; forced taxpayers to fund abortions worldwide via the UN’s Population Fund; promised to veto pro-life legislation that would ban abortions after 20 weeks; and the list goes on and on and on, as LifeNews.com documents.Considering all these clearly pro-choice leanings, it’s rather ironic that at the Catholic Health Association Conference this week Barack Obama recalled his first job after college as a community organizer was “funded by the Campaign for Human Development, an anti-poverty initiative of the Catholic Church.” And it was at this job, he said, that he came to see that “every human being, made in the image of God, deserves to live in dignity.”“There were times where I felt like quitting, where I wondered if the path I’d chosen was too hard,” he said.“But despite these challenges, I saw how kindness and compassion and faith can change the arc of people’s lives,” Obama continued. “And I saw the power of faith–a shared belief that every human being, made in the image of God, deserves to live in dignity; that all children, no matter who they are or where they come from or how much money they were born into, ought to have the opportunity to achieve their God-given potential; that we are all called, in the words of His Holiness Pope Francis, ‘to satisfy the demands of justice, fairness, and respect for every human being.’”The caveat of course being if they make it into this world.http://townhall.com/tipsheet/leahbarkoukis/2015/06/11/most-proabortion-president-ever-proclaims-every-human-being-made-in-the-image-of-god-deserves-to-live-in-dignity-n2011323?utm_source=thdailypm&utm_medium=email&utm_campaign=nl_pm&newsletterad
Nenagh Celtic made club history by reaching the last sixteen of the FAI Junior Cup and they’ll be looking to go one step further in the competition when they take on Liffey Wanderers tomorrow. Robbie Ryan is manager of the North Tipp club and he says while the game will be a big challenge he’s confident his team can topple the Dublin side on their home ground in Irishtown.Kick-off for that game has been moved to 6 o’clock tomorrow.