Shell to write down assets again, taking cuts to more than USD22 billion

MOSCOW (MRC) --В Royal Dutch Shell on Monday said it will write down the value of oil and gas assets by USD3.5 billion to USD4.5 billion following a string of impairments this year as it adjusts to a weaker outlook, said Reuters.In an update ahead of its fourth quarter results on February 4, Shell said the post-tax charge was due in part to impairments on its Appomattox field in the U.S.

Full article at mrcplast.com