Shell’s CEO Ben van Beurden has warned that life is about to get tougher for its portfolio managers, which will ring alarm bells in particular for those running or proposing major projects in its North American deepwater sectors, as the Anglo-Dutch oil major seeks better returns from its assets.“We have just over $70 billion of capital employed combined in Oil Products and North America resources plays, and the financial performance there is frankly not acceptable,” van Beurden told investors in New York. “There has been an improvement so far in...

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