Shell puts off $1 billion North Sea development [MarketWatch]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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shell.com/investors.html
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Source: MarketWatch
Royal Dutch Shell PLC has postponed its Jackdaw natural-gas field development in the North Sea, the company said Tuesday, as energy companies slash spending in response to plummeting prices. The project, which analysts estimate to be valued around $1 billion, is the second that Shell has delayed in the region.
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