eccentricboy:
Update on Shell

News: Shell Sacks 12,500 Workers Worldwide, to Leave 10 Countries
Posted on Wed 08th Jun, 2016 - --- (0 comments)

Shell - Following oil price regime that has characterized the global crude market for about two years, Royal Dutch Shell has announced it will exit oil and gas operations in up to 10 countries in a drive to deepen cost cuts and pay down debt . following its $54billion acquisition of BG Group. The main source for cost savings, including 12,500 job cuts this year, will come from overlaps in operations in areas including Australia, Brazil and the North Sea.

The company is active in more than 70 countries and said it would like to focus on 13 important nations where it is making good returns, including Brazil, Australia and the United States.

“Our portfolio is probably more diverse and spread around the world, and in some parts more mature, than we would like it to be,” Shell’s Chief Financial Officer, Simon Henry, told reporters on Tuesday.

The move, which includes the sale of 10 percent of its oil and gas production assets, will make Shell a smaller company that offers investors access to a more gas-heavy portfolio than some of its rivals such as ExxonMobil.

Presenting its strategy following the close of the BG deal in February, the Anglo-Dutch company outlined plans to target annual spending of $25 billion to $30 billion until the end of the decade, or less if oil prices remain below $50 a barrel.

It lowered its planned 2016 Capital Expenditure (Capex) to $29 billion, with exploration set at $2.5 billion, in a third cut from an initial $35 billion and raised its target for savings from the integration of BG to $4.5 billion, up $1 billion from previous guidance.

Chief Executive Officer Ben van Beurden hopes the new cuts will help boost Shell’s share price, which has underperformed rivals since oil prices started to collapse in mid-2014.

He promised shareholders Shell would generate double-digit returns for investors by the end of the decade.

“We need to be number one when it comes to total shareholder return,” van Beurden told journalists after the company announced a 10 per cent return in capital employed by the end of the decade, up from around 8 percent between 2013 and 2015.

Under this scenario, Shell assumes oil prices will average: in the mid-$60s in 2018.

“With all promises to shareholders maintained and lower forward capex than many thought possible, Shell in their own words is ‘creating a world class investment case’ which we agree with,” said analysts at Bernstein, who rate Shells stock as out-perform

Source: Tribune

ayodiamond:
To lighten up the thread, after NLNG roll out offers and resumption date, then SRD invites may be sent again as some of my colleagues hv chosen to port over, so still expecting some of u guys on waiting list to join me in shell........

athorello:
Sometimes you can't understand why you have to get a regret mail from shell recruitment. The hustle is real.

Dfavouredone:


That means NLNG pays more than Shell at graduate level. Cool.

yorex2011:
Note that your cover letter doesn't need to have an address, since its an online application..

First paragraph should indicate what you are applying for and could also show your enthusiasm

Second and third paragraphs should show why you think you are qualified and fit for the job, you can maje reference to some items on your cv and cite certain experiences you've had to consolidate on what you are saying. E.g you've had experience on so and so and you achieved so and so, which greatly improved your so and so skills,

Fourth paragraph should be a conclusion and cement your enthusiasm and zeal for the graduate program..

Shinelle:


Try not to come up as an Independent individual all the time.. Pick options that show ure a team player, a leader but one that knows when to draw the line on delegating responsibilities. Better luck next time too..

Focusedaliu:
Morning peeps. I did the two test and got d so called success mail. As an info for those wanting to take the tests, Shell won't review ur app if u don't pass through those tests. Nd d mail i got is just an info that dey wud review/consider my app. Sow pls don't rush into the tests. Be comfortable before u take them.
For the first test, u shud try and check wat shell values in a staff (eg ability to innovate, seek assistance from other staffs, research nd want to work with multiple data) and wat dey don't eg proudness etc.
For the second test, u shud take decisions (in the decision part) favouring the customers and product quality, and also want to research and consider multiple reasonable opinions before making a decision or implementing or recommending something. And for the numeric part, know u can't finish it. Just make sure u ans the ones u know perfectly and guess for d remaining; do not leave any ans unanswered. And u shud study and master percents and data interpretation (pie charts, histograms, and data tables) before even attempting it.

blazingkings:
Application for 2017/2018 SRD starts on 1june n closes 14th June. The portal will be opened by then. Good luck people

Ccanyanwu:

Funny enough no electrical, electronics or computer engineering there.