Feb 4: Shell sheds 1,000 jobs, cuts refining

February 4 2010: Royal Dutch Shell is to cut 1,000 jobs and its refining capacity by 15 per cent as it seeks to trim £1 bn from its annual costs. Ed Crooks, the FT's energy editor looks at the outlook for UK oil majors, why they're cutting refining, and whether there is more pain to come.