As dwindling oil prices take their toll on oil industry operations, Royal Dutch Shell has announced that it will cut its global staff strength by 10,000 in 2016.
It also announced in its fourth quarter of 2015 financial report that it would defer its final investment decision (FID) on the Bonga South-west deepwater project in Nigeria, saying that its operating costs and capital investments had been reduced by $12.5 billion with further reductions expected in 2016.
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