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		</div><p>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.</p>
<p>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.</p>
<p>Shell CEO Ben van Beurden said: &#8220;These are difficult, but impactful decisions. I am determined that Shell will become a more focused and competitive company as a result.&#8221;</p>
<p>The results mean third quarter earnings are 216% lower than the same quarter last year.</p>
<p>The oil giant also confirmed that its proposed £55bn takeover of BG Group remained on track for completion in early 2016.</p>
<p>Mr van Beurden claimed that deal would help Shell focus on &#8220;fewer and more profitable themes&#8221;, specifically deep water and integrated gas.</p>
<p>He also insisted the firm was taking the right steps in a challenging period for the oil industry.</p>
<p>&#8220;Shell&#8217;s integrated business and our performance drive are helping to mitigate the impact of low oil prices on the bottom line, in what is a difficult environment for the industry today.</p>
<p>&#8220;We continue to improve the operational performance of our assets, and production volumes are up. Costs are falling across the company and Shell&#8217;s performance drive is delivering at the bottom line.&#8221;</p>
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