Royal Dutch Shell: Mismanagement Of Big Oil In 2013

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Charles Constantinou: Feb. 14, 2014

Screen Shot 2014-02-10 at 16.29.29Shell’s performance was particularly disappointing, and in my opinion it reflects a mixture of management decisions, which are in conflict as if the engineers and technical specialists of the company do not seem to agree with their own economists and/or accountants, which leads to huge losses in particular projects, huge underestimates of investment requirements and frequent announcement of changes in decisions for particularly important projects. The most disappointing change is Shell’s latest decision not to proceed with previous plans to build a major facility in Louisiana that would turn natural gas into synthetic diesel, as reported in my study “Expressway to US Energy- Independence GTL Diesel” of June 2012.

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