Shell launches major cost-cutting drive to prepare for energy transition

MOSCOW (MRC) -- Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, reported Reuters.Shell's new cost-cutting review, known internally as Project Reshape and expected to be completed this year, will affect its three main divisions and any sa

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