Royal Dutch Shell announced on Wednesday that it is planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 as a result of a collapse in demand for oil and the subsequent dip in oil prices amidst the coronavirus pandemic.
Shell has delivered a blow to Louisiana's industrial boom, saying it is scrapping a proposal to build a $12.5 billion natural gas-to-liquids plant in Ascension Parish.