Queue at the filing station The President, Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
Sawan
By Akinola Ajibade
Newly appointed Chief Executive Officer, Shell, Mr Wael Sawan, yesterday, unfolded plans to effect major changes in the multinational oil company.
He said the firm would combine its oil and gas production and liquefied natural gas (LNG) divisions, in line with plans to have broader institution under his control, adding that the development may lead to some job cuts
The new entity, which combines Shell’s most profitable operations, Sawan said,will be headed by current Upstream Director, Zoe Yujnovich, the company said in a statement made available to News Mirror.
Sawan took office on Jan. 1 after heading Shell’s integrated gas division, which included the group’s LNG and renewables businesses, with a vow to simplify and improve the company’s operations.
Under the internal restructuring, renewables operations will be combined with Shell’s oil refining and marketing operations led by current downstream director Huibert Vigeveno, the company said.
The overhaul will reduce the size of Shell’s executive committee to seven from nine members in an effort to “simplify the organisation further and improve performance”.
The changes could result in “relatively limited” job cuts across the company, a spokesperson said.
Shell last underwent a major overhaul in the wake of the coronavirus pandemic in 2020, in which then-CEO Ben van Beurden cut more than 10% of the company’s workforce as part of his push to steer the company towards energy transition.
“Fewer interfaces mean greater cooperation, discipline and speed, enabling us to focus on strengthening performance across the businesses and generating strong returns for our investors,” Sawan said in the statement.
The changes will take effect on July 1.
Shell’s strategy calls for cuts to its greenhouse gas emissions and the building of a large low-carbon business.
The company reports its 2022 full-year results on Thursday.
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