The announcements signal that businesses no longer see operation in Russia as a safe investment.
"Ben Van Beurden"
With Oil Prices Languishing, Shell Reports 80 Percent Drop In Earnings
The company is the latest industry giant to report huge drops in earnings from 2014 to 2015. BP, Exxon and Chevron have also seen their revenues fall steeply.
With new purchase, Shell may be less keen on Arctic
Royal Dutch Shell announced this week a plan to purchase a major British LNG company, and statements by top executives suggest Shell may now be less committed to its future in Alaska’s offshore Arctic.
Shell calls off this year’s exploratory drilling plans for Alaska
Shell announced on Thursday that it has called off its plan to do exploratory oil and gas drilling in Arctic waters off Alaska this year – and what it will do in future years is not clear.