Shell to slash oil field spending, jobs in the Americas

http://fuelfix.com/blog/2014/03/13/shell-makes-cuts-to-american-upstream-no-word-on-houston-impact/

Shell will slash spending and staff in its oil and gas field operations in the Americas, CEO Ben van Beurden told investors Thursday, largely in response to disappointing results in U.S. shale plays.
Shell announced that it will reduce spending in its upstream Americas unit by 20 percent this year. In a presentation released Thursday, the company said it also is planning a 30 percent cut  in company and contractor staff in its North American, onshore portfolio.