Royal Dutch Shell plc .com Rotating Header Image

Posts under ‘Chris Finlayson’

BG Group, Gas-Shipping Pioneer, Trades Final Time Before Merger

Screen Shot 2016-02-11 at 10.35.44

Rakteem Katakey: Bloomberg.com: February 11, 2016

BG Group Plc, pioneer of natural-gas shipping, will trade on stock exchanges for the last time on Friday, 19 years after it was created.

The shares will delist Monday as BG becomes a fully owned unit of Royal Dutch Shell Plc following the industry’s biggest acquisition in more than a decade. The stock has increased ninefold since 1997, when former state monopoly British Gas Plc split its exploration and production arm from retail. Shell gained just 15 percent in the period, while BP Plc declined 4.4 percent.

The BG takeover will catapult Shell into second place among the world’s most valuable public oil companies, behind Exxon Mobil Corp. Shell plans to run BG as a subsidiary initially, merging the two companies over the course of a year, according to two officials with direct knowledge of the matter. BG’s assets, including gas projects from Australia to Kazakhstan, will help the Anglo-Dutch energy giant ride out the oil-price slump.

read more

Outspoken articles about Shell

Shell, With $70B Deal For BG Group, Becomes World LNG Giant

Screen Shot 2015-04-08 at 20.28.10

Screen Shot 2015-04-08 at 20.28.53

Screen Shot 2015-04-08 at 08.12.04Christopher Helman

So this is how the consolidation starts. Royal Dutch Shell is making a smart move in its $70 billion acquisition of BG Group . The deal will gain Shell access to the most exciting deepwater oil projects in the world, in Brazil. While adding in BG Group’s fast-growing liquefied natural gas business will soon make Shell the undisputed world leader in LNG. The combination will set Shell on the path to unseat Exxon Mobil XOM -1.95% as the world’s biggest oil company — at least until the next big acquisition is revealed.

read more

Special relationship between a Shell oil executive and a Government Minister contributed to offshore deaths?

Screen Shot 2015-03-14 at 09.24.14Love hurts: How a special relationship between a Shell oil executive and a Government Minister contributed to offshore deaths 

SELF-EXPLANATORY EMAIL FROM JOHN DONOVAN TO BARONESS HELEN LIDDELL: 

From: John Donovan 

Subject: THE EMAIL YOU RECEIVED FROM MR BILL CAMPBELL

Date: 9 March 2015 22:50:38 GMT

Cc: Campbell <Cambell

To: [email protected]

Dear Baroness Liddell,

I understand you have received an email from Mr Bill Campbell, the highly esteemed retired HSE Group Auditor of Shell International.

As you are aware, it relates to your alleged contact some years ago with Mr Malcolm Brinded, when he was a Shell Managing Director whose responsibilities included Shell North Sea Platforms. 

read more

SAKHALIN2: How many billions of dollars did Shell lose in Russian annexation?

Chris Finlayson representing Shell and Alexander Medvedev, Gazprom’s Vice Chairman

By John Donovan

Royal Dutch Shell executive Chris Finlayson held a leadership position in Shell’s Sakhalin II project in Russia from September 2005 to September 2009.

The venture was described as “the Mother of all Projects” by the Financial Times.

When Finlayson joined the Sakhalin II project, Shell was the controlling stakeholder in the venture.

By the time he departed, Shell had lost its controlling stake and had become a junior partner in humiliating circumstances.

The Putin government found out that Shell had hidden information from them in a high level cover-up. As a Russian government minister, Oleg Mitvol, confirmed to the news media at the time, and more recently in a GERMAN TV documentary segment broadcast across Europe, I supplied that crucial insider information to him. I did so before the real nature of Putin had become apparent.  

read more

Rail chaos at Finsbury Park: Trusting ex Shell executives to run a railway network?

Screen Shot 2014-12-28 at 13.14.22

(THE ABOVE SCREENSHOT IS FROM AN ARTICLE IN THE INDEPENDENT PUBLISHED SUNDAY 28 DEC 2014)

Screen Shot 2014-08-28 at 13.22.02ARTICLE BY BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL

Could you really trust ex Shell executives to run a railway network?

In the usual manner *TFA Malcolm the Tank Engine arranged for his apprentice Marc Carne to take over as CEO of Network Rail, but like his disciples Bjorn Berget, Chris Finlayson, Gregory P Hill, dear Marc is a follower, not a leader, how otherwise would TFA Brinded have recruited them as his obedient servants in the first place.

Outside the protected arena of Shell, and in the public domain, we sense their true worth.

read more

Leaving a sinking ship: Royal Dutch Shell Plc

Screen Shot 2014-06-09 at 14.58.51Bichsel will undoubtedly leave shortly, joining Ollila, Rees, Brown, Brinded, Voser, Finlayson, Carne… And when everything starts to collapse, he will at least now have the satisfaction of saying “I told you so”. This is typical for a coward…

By John Donovan

Earlier today Reuters published comments attributed to Royal Dutch Shell Plc Executive Director, Matthias Bichsel.

Extract

“There is always so much talk about these big LNG projects around the world, but only a small fraction of them will get built,” said Matthias Bichsel, who is also a member of Shell’s Executive Committee.

The Financial Times has this weekend pointed put “the company’s leadership is changing at a time when its financial performance has been under scrutiny from investors” and also drew attention to the recent profit warning, following a succession of dismal quarterly results. 

read more

SHELL KINDLE PR DEBACLE IN GERMANY

Screen Shot 2014-05-03 at 11.03.56Shell Germany had offered a free Kindle e-reader for 999 points to be earned when filling up. But also when buying a chocolate bar of € 1.29, this gave 100 points…. Buying 10 bars of chocolate and you had an e-reader. They ran out of Kindles after 3 hours!!!  Their website collapsed due to 40-fold traffic increase. Big disaster. Many people pissed off.

FROM AN OLD EP HAND

Shell Germany had offered a free Kindle e-reader for 999 points to be earned when filling up. But also when buying a chocolate bar of € 1.29, this gave 100 points…. Buying 10 bars of chocolate and you had an e-reader. There were ‘only’ 10.000 e-readers so they soon ran out, Germans are not crazy and can calculate. Now many disgusted customers.  Shell offered excuses to customers.

Good idea, not thought through and blind to an error of giving many points for a chocolate bar.

From their website:
 
http://www.shell.de/products-services/on-the-road/card-services/clubsmart/informationen-zum-neuen-shell-clubsmart-praemienprogramm.html
 
They ran out of kindles after 3 hours!!! 
 
Their website collapsed due to 40-fold traffic increase.
 
Big disaster. Many people pissed off. If only Shell would admit they screwed up people would understand. Now lot of wishy washy language.

read more

Dear old Chris Finlayson

Screen Shot 2014-05-02 at 15.36.15“With hindsight you should revisit his CV printed out by the BG Group at the time of his appointment, a work of fiction that Hans Christian Andersen would have been proud of. You are right, your web site warned the World about his previous track record but such foresight is often ignored.”

Comment received from Bill Campbell, Retired HSE Group Auditor, Shell International

John

There was many years ago a principle put forward by LJ Peter in his 1969 book as to why things always go wrong in organisations.  Peter espoused that managers were oft promoted into positions that they were incompetent to handle. So it was with Chris Finlayson who was tracked up through the ranks holding on to the coat tails of his mentor TFA Brinded.  I used to call it the parasitical approach to development and promotion through attachment to a big powerful animal who was on an accelerated promotion curve the employee could avoid the normal HR assessment process safeguarded by his powerful mentor.  In return Brinded had a set of disciples who would be loyal and unquestioning and whom he could micromanage as he saw fit. 

read more

BG Group Bid Speculation: Chris Finlayson, Shell’s secret weapon?

Screen Shot 2014-04-29 at 10.59.47Leads me to speculate whether Chris Finlayson was infiltrated into BG Group by Royal Dutch Shell for surreptitious purposes, including dragging the company down. If so, he appears to have done a magnificent job.

By John Donovan

BG Group has been the subject of bid speculation for a long time. e.g.

Extract from the FT article:

However, a top 10 shareholder said that, with BG now rudderless, it had become a prime takeover target. “It’s a green light to a potential bidder….”

ExxonMobil is identified as one such potential bidder.

According to an email I received this morning from a Shell source: “BG… reserves might also be good for Shell…”

Shell has certainly flirted with the idea many times.

read more

We warned BG Group about Chris Finlayson

Screen Shot 2014-04-28 at 14.28.09“BG Group chief executive Chris Finlayson has been ousted by the oil and gas explorer’s board following a disastrous 16 months in the job….” No one can say that we did not repeatedly warn BG Group about the competence and ethics of Chris Finlayson…

By John Donovan

The news media is reporting that former Royal Dutch Shell executive Chris Finlayson has quit as CEO of BG Group.

Actually, he was unceremoniously fired.

Extract from article published by The Independent: “BG Group chief Chris Finlayson resigns after 16 months at the helm

BG Group chief executive Chris Finlayson has been ousted by the oil and gas explorer’s board following a disastrous 16 months in the job.  He is understood not to have another job to go to… In an unusually blunt statement Gould said: “The board felt that it was in the best interests of the group to accept Chris’ resignation and seek fresh leadership.” Since taking over Finlayson has presided over a succession of profit warnings and a 37% slump in annual profits…

read more

Chris Finlayson’s dreadful first year as chief executive at BG

Screen Shot 2014-02-04 at 13.42.40LONDON EVENING STANDARD TODAY:

Chris Finlayson’s dreadful first year as chief executive at BG Group was today capped by the news that profits slumped 37% to $4.16 billion (£2.54 billion) in 2013. The former Royal Dutch Shell executive said he shared shareholders’ “disappointment” at the oil producer’s many problems, which have included four profit warnings in little more than 12 months. Garry White, chief investment commentator at broker Charles Stanley, said: “I reckon it’s time for BG Group to be broken up.”

By John Donovan

WE REPEATEDLY WARNED BG SHAREHOLDERS AND EMPLOYEES ABOUT CHRIS FINLAYSON…

HE IS NOT THE ONLY COMMON DENOMINATOR BETWEEN ROYAL DUTCH SHELL AND BG GROUP.

BOTH COMPANIES HAVE JUST ISSUED PROFIT WARNINGS

Screen Shot 2014-02-04 at 13.25.42

THE DEVASTATING ARTICLE PUBLISHED TODAY BY THE LONDON EVENING STANDARD IS SELF-EXPLANATORY

Screen Shot 2014-02-04 at 13.15.01

Gloom continues for new BG boss amid profits slide

4 February 2014

Chris Finlayson’s dreadful first year as chief executive at BG Group was today capped by the news that profits slumped 37% to $4.16 billion (£2.54 billion) in 2013.

The former Royal Dutch Shell executive said he shared shareholders’ “disappointment” at the oil producer’s many problems, which have included four profit warnings in little more than 12 months.

read more

Chris Finlayson saw himself as the victim of a brutal Shell regime

In summary, and there was evidence in 1999 to support this to a degree, Finlayson (right) saw himself as a victim of a brutal regime run out of Seafield House where the TFA mode was born and his MD Malcolm Brinded who was frantically doing everything in his power to suppress all this because he was seen by the Audit to be the principal architect of the demise in standards throughout the oilfield.  Finlayson in my book was weak, and ineffective, promoted in my opinion into a position he wasn’t competent or willing to handle.

EMAIL SENT 21 OCT 2013 TO A THIRD PARTY BY BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL

Subject: Chris Finlayson

My dealings with Chris were a long time ago during an Audit in 1999.  This Audit uncovered remarkably bad behaviour in the then Shell Expro organisation stemming from the business drivers and messages coming from the top of the organisation.  I spent some hours in the presence of Aberdeen auditors trying to get Finlayson to retract his statements made to journalists and the BBC North reporter Colin Wight that the Touch F All concerns raised by workforce representatives were unwarranted whilst in fact the situation was worse, much worse than anyone outside the organisation could have envisaged.  Last December on his appointment as the BG Chief the Independent newspaper (Mark Leftly) run a article on Finlayson titled if I can remember BG Chief breached safety rules when he was at Shell.  Subsequently I wrote a couple of articles putting the meat on the bones of this which John Donovan published.  BG given the right to reply made no comment and to date have not requested the evidence to support although this was offered to them.
 
In summary, and there was evidence in 1999 to support this to a degree, Finlayson saw himself as a victim of a brutal regime run out of Seafield House where the TFA mode was born and his MD Malcolm Brinded who was frantically doing everything in his power to suppress all this because he was seen by the Audit to be the principal architect of the demise in standards throughout the oilfield.  Finlayson in my book was weak, and ineffective, promoted in my opinion into a position he wasn’t competent or willing to handle.
 
Finlayson however was the accountable person as Oil Director that position in the installation Safety Cases having prime responsibility for the health and safety of some 3000 staff offshore (taking into account both shifts so in terms of the potential loss of life this figure has to be taken for quantitative assessment of risk).  After the MD brought the Audit to a premature halt Brent Bravo in particular continued to operate at intolerable risk levels.  The Audit actions reluctantly accepted by Finlayson but not implemented leading inevitably to the deaths in 2003.
 
All that I can say in summary is that in allowing Brent Bravo in particular to continue in operation Finlayson demonstrated a callous disregard for his duty of care for the health and safety of employees, direct and indirect, offshore.
 
Shell appears to accept this given that raised no objections to the articles published recently to commemorate the deaths, the evidence supporting these articles can be provide to you if you think this would be helpful to your cause.
 
I wish you luck and if I can help with any specific questions you may have please feel free to ask.
 
Regards
 
Bill

read more

Evidence of false and misleading information in Shell Brent Bravo maintenance records

Screen Shot 2013-10-01 at 17.31.45WHISTLEBLOWER INFORMATION SUPPLIED TO CHIEF SUPT. BILLY GORDON OF THE SCOTTISH POLICE BY BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL. INCLUDES SHELL INTERNAL DOCUMENTATION MARKED “STRICTLY CONFIDENTIAL”.

EXTRACT FROM ONE STRICTLY CONFIDENTIAL SHELL INTERNAL DOCUMENT – circulated to Chris Finlayson and Tom Botts

There was evidence of false and misleading information in maintenance records for safety critical equipment, for example the Brent Bravo ESDV which failed its leak-off test in April 1998 was recorded as ‘NO FAULT FOUND’.

EMAIL FROM BILL CAMPBELL TO SUPT. BILLLY GORDON, SENT 27 SEPT 2013. COPIED TO MICHIEL BRANDJES, COMPANY SECRETARY & GENERAL COUNSEL CORPORATE, ROYAL DUTCH SHELL PLC

From: [email protected]
Subject: Bundle C and D
Date: 27 September 2013 11:29:54 GMT+01:00
To: [email protected]
Cc: [email protected], [email protected]

This covers Emergency Shutdown Valves (ESDV), fire and gas detection systems designed to operate on ESDV in an emergency and unapproved temporary repairs.  This data is not disputed by Shell as being their data. This data supports the articles sent to you a few days ago.
 
Bundle C and D
 
Bill Campbell

read more

In the new Shell to lie is acceptable unless your found out

Screen Shot 2013-06-08 at 17.31.03

Screen Shot 2013-05-21 at 23.30.59The crisis in my book, and we are far from the endpoint in this, is that RDS officials lied in that the decision to move Kulluk was not related to tax avoidance when it was.  Perhaps that is why the RDS CEO has taken a closer interest in his family and the sustainability of his future.

ARTICLE BY BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL

In the new Shell, that which developed in the days of post transformation, group dancing in that nice hotel near the Het Loo Palace, with the dear leader Watts arriving from space etc around the same time, who can forget those heady days.  Is that when to lie and deceive became the norm in the head sheds of The Hague. Is that when the growth of VP’s started, not the Joe Biden variety, the Shell model, we currently appear to have more VP’s than indian meals sold in Bradford on a Friday night.

read more

BG Group CEO Chris Finlayson, past indiscretions at Shell

In summary, Finlayson (right) sees himself as a victim to the goings-on in 1999, just one of many victims in the then Shell Expro, described in our Audit notes as a hostile environment of extreme denial.  I can concur that Chris was a victim, when for example he made light of the Touch F-All scandal in various press statements of which there is an audio record he did so because his Brent Field Manager Jorn Berget misled him.  He soon realised this but despite many attempts by me and his Internal Audit Manager he would not retract the statement.  In fear, no doubt for his job, his future promotion prospects etc, and led by the ear by his mentor and boss Malcolm Brinded he toed the line.

read more

Verdict on Royal Dutch Shell CFO Simon Henry

Shell internal email correspondence irrefutably proves that Simon Henry was aware in March 2002 that “reserves bookings were made that should not have been made”. Walter van de Vijver, the “sick and tired” Chief Executive of Shell EP, gave the information directly to him. As can be seen in the email, Walter van de Vijver aggressively accused Mr Henry of setting targets that were near impossible to achieve. The question arises of whether Mr Henry was a culprit, an accomplice, or an innocent bystander.

By John Donovan

INTRODUCTION

We have published a series of articles about the starring role of Simon Henry in the Royal Dutch Shell reserves scandal.

Shell internal email correspondence irrefutably proves that Simon Henry was aware in March 2002 that “reserves bookings were made that should not have been made”. Walter van de Vijver, the “sick and tired” Chief Executive of Shell EP, gave the information directly to him. Walter van de Vijver accused Mr Henry of setting targets that were near impossible to achieve.

read more

Simon Henry and the reserves time bomb

Were they aware that Simon Henry was a key player, as Head of Global Investor Relations, in dealing with the reserves data and actually had responsibility to ensure the quality/accuracy of the data before it was disclosed to analysts and investors? As we all know, it turned out that some of the data was not only inaccurate, but fraudulent. He had been warned that a Gorgon 600 million BOE reserves booking was an IR time bomb.

Introduction: A draft of the article below was supplied to Shell in advance, namely to Mr Michiel Brandjes, the Company Secretary & General Counsel Corporate of Royal Dutch Shell Plc and the CFO, Mr. Simon Henry. We invited Shell to point out any factual inaccuracy and/or supply comment for unedited publication with the article. No response other than an automated message has been received.

ARTICLE

By John Donovan

On 13 March 2009, the Financial Times published an article about Simon Henry, who was about to become Chief Financial Officer of Royal Dutch Shell Plc. It said that he had survived the reserves misreporting scandal with his reputation intact. I wonder how much investigation of the facts was undertaken before arriving at that conclusion?

read more

Chris Finlayson: One can of worms after another

Despite his scandal-ridden record at Shell, Chris Finlayson was recently appointed as Chief Executive of BG Group plc. We have already published articles relating to his involvement in the Shell reserves fraud and his time as head of Shell in Russia, when he played a starring role in the Sakhalin 2 debacle, which cost Shell untold billions. This article takes us back even further, to his time as a director of Shell’s North Sea operations and his involvement in the notorious “TOUCH FUCK ALL” policy…

CHRIS FINLAYSON’S SCANDAL-RIDDEN TIME AT SHELL: ONE CAN OF WORMS AFTER ANOTHER

By John Donovan

Despite his scandal-ridden record at Shell, Chris Finlayson was recently appointed as Chief Executive of BG Group plc.

We have already published articles relating to his involvement in the Shell reserves fraud and his time as head of Shell in Russia, when he played a starring role in the Sakhalin 2 debacle, which cost Shell untold billions.

This article takes us back even further, to his time as a director of Shell’s North Sea operations and his involvement in the notorious “TOUCH FUCK ALL” policy adopted by Shell Expro, which ruthlessly put production and profits before the safety of employees.

read more

Why Shell does not sue the Donovans

By John Donovan

I know that many people must be baffled why Shell does not take legal action against us bearing in mind that some articles authored by us may appear rather forthright.  The reason why we are not buried in Shell injunctions is because of meticulous research to ensure we can substantiate in court everything we publish. In other words, we have the documentary evidence to prove that what we say is true.  This thorough research will be evident in a pending article about Royal Dutch Shell CFO Simon Henry. We will put detailed information into the public domain about his involvement in the Shell reserves scandal. The third in our series of articles about the scandal mired years of Chris Finlayson at Shell is also in the pipeline. One can of worms after another. Not the ravings of disgruntled lunatics, but provable unpalatable fact.

read more

How Chris Finlayson bungled the Mother of all Projects: Sakhalin II

Chris Finlayson representing Shell and Alexander Medvedev, Gazprom’s Vice Chairman

By John Donovan

Chris Finlayson, the newly appointed Chief Executive of BG Group, held a leadership position in Shell’s Sakhalin II project in Russia from September 2005 to September 2009. The venture was described as “the Mother of all Projects” by the Financial Times.

We have already published an article about his involvement in the Royal Dutch Shell reserves scandal, providing evidence – in the form of authentic Shell internal documents – supporting my conclusion that he was either part of the cover-up, or negligent in his fiduciary duties as a senior Shell executive to protect the interests of investors.

read more

BG Group corporate incubator for Shell strays?

“Nowhere in the flattering and in my judgement misleading CV for Finlayson is there any mention of the words safety, health or environment. It eulogises Finlayson for his optimising of production and operating performance, well that is what TFA was all about.”: “Anyway for fair reason or foul, Finlayson arrives, Carne leaves, Finlayson reaches the Board, Berget maybe gets his marching orders. Maybe all pals together they were keeping BG seats warm for the next Shell bum or maybe there was more to it as suggested, anyway it shows BG Advance as an entity acting as a corporate incubator for Shell strays?”

By Bill Campbell, retired HSE Group Auditor, Shell International

Post Piper Alpha it was readily apparent to Lord Cullen that the legislation pertaining to offshore oil and gas extraction was weak with regards to pinning down responsibility and accountability. At that time the statutory instrument SI 1019 made the Offshore Installation Manager (OIM) specifically responsible for what happened offshore re health and safety.

SI 1019 essentially made the OIM Captain of the ship and Occidental Directors appeared on paper at least to be twice removed from how these issues were handled offshore on their installations.

read more

CHRIS FINLAYSON AND THE ROYAL DUTCH SHELL RESERVES SCANDAL

“With regards to the reserves fraud, Mr Finlayson was either part of the cover-up, or negligent in his fiduciary duties as a senior Shell executive, supposedly protecting the interests of investors”; “That should be of great concern to investors in BG Group. Surely the company could have found a new CEO untainted by scandal?”

John Donovan

In January 2004 news broke about the Shell reserves fraud. These examples from hundreds of news reports speak for themselves:

Daily Telegraph: Shell drops ‘bombshell’ on reserves: 9 Jan 2004
The Times: How Shell blew a hole in a 100-year reputation: 10 Jan 2004
The West Australian: Investors howl for Shell’s blood: 12 Jan 2004

Shell executives, led by then chairman Sir Philip Watts, who has recently repented by becoming the Rev. Sir Philip Watts, admitted they had repeatedly lied to investors about the true level of Shell’s oil and gas reserves. Shell senior management had engaged in a massive cover-up to fool the market i.e. deceive its own shareholders. Shell admitted that it had misled investors.

read more

%d bloggers like this: