Royal Dutch Shell plc .com Rotating Header Image

Posts on ‘February 6th, 2010’

Alleged fraud involving 10 senior officials of Shell Brunei

By John Donovan Some strange events at Shell Brunei Petroleum (SBP). Around four weeks ago we published an email from a senior official of the Brunei government writing from The Chairman’s Office of Shell Brunei Petroleum, explaining the mysterious absence of  the companies Managing Director, Dr Grahaeme Henderson. It said he was absent for medical [...]

Under pressure Shell wields the axe

Heath Aston, Daily Mail 5 February 2010, 9:51am Oil giant Royal Dutch Shell will cut jobs and refine capacity as it enters an ‘uncertain’ 2010 faced with weak gas prices and depressed refining margins for oil products. Under pressure from better performing rivals such as BP, Shell chief executive Peter Voser conceded that the Anglo-Dutch [...]

BP ‘missed the boat’ on Shell mega-merger, reveals Browne

• BP board in Williamsburg squashed proposals in 2004 • Ex chief claims merger could have been worth $9bn a year • Tie-up with Yukos rejected after ‘untoward’ encounter with Khodorkovsky Terry Macalister Friday 5 February 2010 16.24 GMT Lord Browne claims the merger proposals had the support of his team, which would have included [...]

Borneo Bulletin: Fraud probe at oil company

By Ignatius Stephen Saturday 6 February 2010 In an effort to keep the country’s cooperate image clean the Brunei Anti Corruption Bureau has begun a series of massive fraud investigations against more than 10 senior oil company officials. The amount probed, according to reliable sources, exceeds $5 million and both local and foreign employees are [...]