Shell cuts 250 North Sea jobs

The measures are part of a range of initiatives Shell has been pursuing to manage costs and improve the performance of its operations around the world. 

Paul Goodfellow, Shell’s upstream vice-president for the UK and Ireland, said: “The North Sea has been a challenging operating environment for some time. Reforms to the fiscal regime announced in the budget are a step in the right direction, but the industry must redouble its efforts to tackle costs and improve profitability if the North Sea is to continue to attract investment.

“Current market conditions make it even more important that we ensure our business is competitive. Changes are vital if it is to be sustainable. They will be implemented without compromising our commitment to the safety of our people and the integrity of our assets.”

The company said the losses are in addition to the 250 announced in August 2014.