Royal Dutch Shell Plc  .com Rotating Header Image

Posts under ‘Ben van Beurden’

Shell News Update 23 June 2017

Ben van Beurden bows to Putin at an earlier meeting (On 18 April 2014) See article below – Shell firmly integrated in Russia…

Shell’s $1 Billion New Zealand Sale Said to Draw OMV, Vermilion: Bloomberg: 23 June 2017

Royal Dutch Shell Plc’s sale of its remaining New Zealand energy assets has drawn interest from companies including OMV AG and Vermilion Energy Inc., people with knowledge of the matter said.

Shell ‘shells out’ $75 a foot for pipeline easements: 23 June 2017

Court records suggest that Shell’s latest pipeline easement agreements in Pennsylvania will cost $75 a foot to carry ethane to its new ethane cracker facility.

Shell Company Firmly Integrated in Russian Economy, PM Medvedev Says: Sputnik: 22 June 2017

Earlier in the day, Russian President Vladimir Putin held a meeting with Royal Dutch Shell CEO Ben van Beurden to discuss the plans regarding the company’s future work in Russia, including the construction and financing of the Nord Stream 2 gas pipeline project.

read more

Service level in Shell’s HQ restaurant is rapidly declining

Cutting costs to pay for BvB’s purchase of BG Group? From information supplied, appears to a genuine lunch time photo taken at Shell’s HQ restaurant in The Hague.

Shell Corporate Espionage?

Several years ago I corresponded with senior Royal Dutch Shell lawyers concerning allegations made by a former employee of Shell Oil Company, Mr Frank Joseph Trunk III., about alleged Shell sponsored industrial espionage.

The ingenious Mr Trunk filed for patents in the 1990’s and early 2000’s that define certain novel technologies with important dual use (military and civilian) applications.

It is quite likely that in a related move Shell tried to patent the use of spread spectrum signaling for controlling a BOP in a noisy environment, based on the number of other things they tried to patent disclosed to them under confidentiality agreements. Digital spread spectrum acoustic signaling is also used in a number of naval/military applications.

read more

Role of a hapless Ann Pickard in OPL 245

By John Donovan

During the period that Shell was conniving in setting up the OPL 245 deal, the company had a vice-like grip on the oil wealth of Nigeria and more power than the Nigerian government. This information comes from an analysis of leaked secret US embassy cables.

Ann Pickard, a then senior Shell executive, was directly involved in the OPL 245 deal, and the primary indiscreet source of the secret information.

Extracts below from various publications provide evidence of her role in OPL 245. They are followed by astonishing related extracts from a Guardian newspaper article about the leaked classified cables.

read more

Shell’s dismal track record on transparency

“Shell is very different from Enron. We were criticized for that some time ago and I’’m glad we have a absolutely rock-solid way we do business. It’s all completely transparent, as far as Shell is concerned.”

By John Donovan

Following publication of my article Shell false pledges of transparency and openness contributors to this website have been accused of hating Shell. That is not the case.

Many of us do, however, take great exception to the hypocritical claims made by successive RDS Chairman and CEO’s over many years that Shell operates within an ethical code – the General Business Principles – which includes a pledge of transparency.

Shell Group Chairman Sir Mark Moody-Stuart preached transparency while conspiring with senior colleagues to hide information from Shell shareholders.

read more

Shell false pledges of transparency and openness

By John Donovan

Shell chief executive Ben van Beurden says that he believes in the fundamental importance of openness by Shell. This echo’s comments made previously by Jorma Ollila when he was Chairman of Royal Dutch Shell Plc. He said in a speech at the 2014 AGM “Shell believes in transparency and your board has high levels of commitment to this.”

Unfortunately Shell senior management deeds do not, in practice, match their lofty words.

On 22 May I wrote to Shell Legal Director Donny Ching asking him to instruct Shell US lawyers Cravath, Swaine & Moore LLP, to release for use in the Dutch courts over 100,000 items of evidence gathered by Shell internally in relation to its past conduct in Nigeria. Alleged human rights abuses, including alleged complicity in the murder of Ogoni leaders.

read more

Shell board confronted by pensioner welfare question from Paddy Briggs

RETIRED SHELL EXEC PADDY BRIGGS

Shell board confronted by pensioner welfare question from Paddy Briggs

Regular visitors may recall my article published in December 2016 Shell cost-cutting plan will undermine the welfare of its pensioners. 

It included an extract from a Facebook posting on the subject by retired Shell executive Paddy Briggs (right). Paddy confronted the Shell board on the subject yesterday. As is evident from the response in the transcript below, they seemed ill-prepared for the question, which compared huge sums paid to Shell directors such as Ben van Beurden with welfare cuts being made to Shell pensioners. As a result of his intervention, the board has agreed to review the issue he raised.  

read more

Shell News Headlines 23 May 2017

Shell to sell C$4.1 billion stake in Canadian Natural -sources: REUTERS/DAILY MAIL: 23 May 2017

Royal Dutch Shell Plc has decided to offload a roughly C$4.1 billion ($3 billion) stake in Canadian Natural Resources Ltd (CNRL) that it acquired as part of a deal to retreat from Canada’s oil sands earlier this year, people familiar with the situation told Reuters.

Shell defeats activist uprising as it faces down rising climate concerns: THE TELEGRAPH: 23 MAY 2017

Royal Dutch Shell has convincingly defeated a climate activist uprising after facing down one of its most bitter stand-offs with shareholders over its climate goals. Around 94pc of shareholders voted down a special resolution calling for the oil giant to set and publish annual targets to reduce carbon emissions at its AGM in the Hague on Tuesday. The board also survived a vote on executive pay which was backed by 93pc of shareholders.

read more

Shell boss Ben van Beurden under scrutiny

By Shruti Tripathi Chopra: City A.M.’s deputy news editor: Sun 21 May 2017

Royal Dutch Shell chief executive Ben van Beurden has come under scrutiny over his €8.26m (£7.1m) pay ahead of the FTSE-100 giant’s annual general meeting (AGM) tomorrow.

Pensions & Investment Research Consultants (Pirc) have advised shareholders to vote against the oil and gas giant’s remuneration policy.

Pirc branded van Beurden’s total pay, which was 453 per cent of his salary, “excessive”.

Shell revealed in March that van Beurden’s was paid €8.263m last year, up from €5.135m due to deferred bonuses and long-term incentive plans (LTIPs).

read more

Shell in the firing line over boss pay

Jillian Ambrose

Investors want more transparency in Shell’s climate pay policy

|By: , SA News Editor

Some investors are pushing Royal Dutch Shell (RDS.A, RDS.B) to explain the finer details of its plan to link executives’ bonus pay to lowering carbon emissions.

Shell was hailed as a pioneer among the world’s biggest oil companies when it announced the policy to tie 10% of executive bonuses to cutting greenhouse gas emissions, which will be voted on at a May 23 annual general meeting in the Hague, but some investors are pressing Shell to show how it actually will calculate the targets for lowering emissions rather than provide the information retrospectively in its annual report.

read more

How Shell, Eni Got Enmeshed in $1 Billion Scandal

Royal Dutch Shell Plc and Eni SpA have become entangled in a $1.1 billion bribery scandal involving a field in Nigeria that could potentially hold enough crude to meet three months of the world’s demand. At least three countries are probing the companies, and Italian prosecutors have named Eni’s Chief Executive Officer Claudio Descalzi and Shell’s former head of exploration and production, Malcolm Brinded, among people who could be prosecuted. Nigeria’s anti-graft agency also filed charges against the companies in March.

read more

%d bloggers like this: