https://www.upstreamonline.com/rigs-and-vessels/modec-hands-chinese-yard-newbuild-fpso-contract-for-shell-project/2-1-1712753?utm_campaign=2024-09-20&utm_content=daily&utm_medium=email&utm_source=email_campaign&utm_term=upstream
3 replies (most recent on top)
Yep seen this happen at Marathon with the CEO, there was a previous Exxon guy increase production, then cut people and you look profitable then retire. Looks like Shell is on the same track. Except they can’t seem to increase production, so I guess it’s just gonna be cut everyone, then collect the bonus.
What a joke. GDM was discovered in 2009 and they still haven’t taken FID 15 years later. All the blah blah blah about accelerating first oil and you have this travesty. Once production decline really ramps up in 2025 and 2026 I bet you see the share price tank and Shell gets taken over or sold for spare parts, Marathon style
Congratulations to GdM team.