As a result to the nosedive in oil prices, Royal Dutch Shell are reportedly ready to cut over 6,500 jobs in Nigeria and at the rest of its global operations and will reduce capital spending by 20 percent this year, Business Day reports.
Shell disclosed the information on Thursday. It was also revealed that its investment this year would decline $7bn from last year amount to about $30 billion, which is said to be a bigger reduction than was forecast three months ago, as it cancelled and postponed new projects.
The report states: