Shell blames cancelled projects and lower prices for $6bn loss

Royal Dutch Shell has unveiled a US$6.1bn loss in the third quarter as a result of cancelled projects and lower oil and gas prices.

Shell blames cancelled projects and lower prices for $6bn loss
Thu, 29 Oct, 2015 - 09:15

Royal Dutch Shell has unveiled a US$6.1bn loss in the third quarter as a result of cancelled projects and lower oil and gas prices.

The oil giant revealed it had taken an $8.6bn hit to cover the cost of halting projects such as Alaskan drilling and the Carmon Creek oil sands project in Canada.

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