Shell Mulls Abandoning an Offshore Platform for First Time

SUGAR LAND--October 29, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Following OPEC's November 2014 announcement to maintain oil production levels, and as projects that were under way are now beginning to be realized, the extended period of low pricing has begun to take its toll. Profits for the major transnational oil companies have narrowed in recent years. With $40-to-$50 per-barrel oil hanging around longer than anticipated, energy producers are starting fewer initiatives, and some, like Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands), are having to cut their losses.

Within this article: Update on the status Royal Dutch Shell plc's (NYSE:RDS.A) Cougar offshore platform.