Monday, September 25 2023 Sign In   |    Register

News Quick Search



Front Page
Power News
Today's News
Yesterday's News
Week of Sep 18
Week of Sep 11
Week of Sep 04
Week of Aug 28
Week of Aug 21
By Topic
By News Partner
Gas News
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Shell's new CEO to merge upstream and LNG divisions

    February 2, 2023 - MarketLine


      Shell's new CEO Wael Sawan is set to combine the oil and gas production and liquefied natural gas (LNG) divisions as part of a wider plan to further simplify the organisation and improve performance.

      The move, which will see the merger of Shell's Integrated Gas and Upstream businesses to form a new Integrated Gas and Upstream Directorate, is expected to result in 'relatively limited' job cuts, reported Reuters, citing a spokesperson.

      The new Integrated Gas and Upstream Directorate will be led by current Upstream director Zoe Yujnovich.

      As part of the internal restructuring, Shell also plans to combine its Downstream business with Renewables & Energy Solutions.

      This will result in the formation of a new Downstream and Renewables Directorate, which will be led by current Downstream director Huibert Vigeveno.

      Sawan said: "I'm making these changes as part of Shell's natural, and continuous, evolution. Our core purpose is to provide energy to our customers, safely and profitably, while helping them, and us, to decarbonise.

      "I believe that fewer interfaces mean greater cooperation, discipline, and speed, enabling us to focus on strengthening performance across the businesses and generating strong returns for our investors.

      "Shell is a great company and we're changing to ensure we become a great investment too. Simplifying how the organisation works, in pursuit of higher performance, is critical to achieving that."

      The latest move is also expected to result in the reduction of Shell's executive committee size to seven, from nine members, effective 1 July 2023.

      In addition, Shell intends to discontinue its Strategy, Sustainability and Corporate Relations (SSCR) Directorate.


    Other Articles - Generation


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.