Esther Kiobel filed a briefin the Southern District of New York on October 12 seeking permission to issue subpoenas against Cravath, Swaine & Moore. The request was for the production of documents for a lawsuit expected to be filed in the Netherlands. The lawsuit is connected to a previous case in which Kiobel was a lead plaintiff, Kiobel v. Royal Dutch Petroleum. In this case, Kiobel alleged human rights and civil liberty violations against the oil and gas giant’s operations in Nigeria’s Ogoni region. The Dutch case, expected to be filed in late 2016, intends to allege that Royal Dutch conspired with the Nigerian government to commit human rights violations against the Ogoni people. Cravath represented Royal Dutch in the U.S lawsuits and this application intends to obtain the discovery from those cases.
Posts under ‘Corporate Governance’
OSSL is the whistleblower “Mr Fixit” company that has admitted distributing bribes to the Irish Police (the Garda) and other parties on behalf of their client, Irish Shell, to smooth the path of the controversial Corrib Gas project in Ireland.
OSSL director Desmond Kane has drawn my attention to the astonishing news articles below, which speak volumes about the deeply flawed integrity of the Garda.
OSSL has spoken directly with Royal Dutch Shell CEO Ben van Beurden about the corruption in question and related very serious actions carried out by OSSL at the express instruction of Irish Shell, which funded the bribes, including €30,000 worth of alcohol.
The best historians Shell could buy
Shell commissioned a group of eminent “independent” historians (above) mostly Dutch, to author a history of Royal Dutch Shell to mark the Group’s centenary in 2007. The introduction in Volume 1 pledged independent research and “a proper and even-handed assessment of Deterding.” Something went amiss because the “history,” as published in regard to his dealings with Hitler, is simply untrue.
On 24 May 2015, a light-hearted story in the Prufrock column of The Sunday Times posed the question: “ARE corporate histories the new harbingers of doom?” It cited the release of corporate histories of two multinational banks that proved embarrassing to the banks due to unforeseen developments.
Officials made the comments during a parliamentary hearing with Shell and ExxonMobil executives after being challenged by GroenLinks MP Liesbeth van Tongeren, broadcaster NOS reported.
‘We acknowledge that the people of Groningen are dealing with most of the problems caused by gas extraction, which we in the Netherlands can thank for our prosperity,’ Shell Nederland president Marjan van Loon said.
‘That is why the people of Groningen deserve our support. The NAM has expressed its regrets and I can fully support that. So I can say too, “I’m sorry, sorry”.’
(Adds employee reaction, website link)
LONDON, July 7 (Reuters) – Royal Dutch Shell has changed its redundancy terms so it can claim tax refunds that some UK workers would otherwise have been able to claim on redundancy payments, internal documents seen by Reuters show.
The move comes as the Hague-based oil giant is slashing 5,000 jobs this year following the collapse in oil prices and its merger with smaller UK rival BG Group.
The UK government allows employees who have worked part of their career overseas to reclaim some, or in some cases all, of the tax due on severance payments.
By Simon Read: Personal finance reporter: 15 June 2016
Some 35 of the biggest UK firms with pension deficits pay more in dividends than their shortfalls, analysis shows.
Pension firm AJ Bell calculated that 54 FTSE 100 companies had paid out £48bn to shareholders a year in the past two years.
That’s almost equal to the total £52bn recorded deficit of their combined pension schemes in 2014.
“The plights of BHS and Tata Steel have brought this into focus,” said Russ Mould, investment director of AJ Bell.
UPDATED WITH MORE COMMENTS
Interested to know if any current Shell employees have picked up on the unfair approach to the current reorganisation.
Management in Netherlands are seeking RFA’s and operating to a different timeline to the UK and Australia, with Australia being able to steam ahead with their reorg plans as they do not have the same constraints. So much so, that impacted employees are being asked to second guess whether they need to apply for jobs in their base countries or to stick tight and see out the brutal and unfair approach to reducing staff numbers in their current host countries.
By Jonathan Crawford: May 13, 2016
Sixteen years after California experienced rolling blackouts and soaring power prices, two of the last companies accused of taking advantage of the shortage are facing a decision by federal regulators.
Royal Dutch Shell Plc and Iberdrola SA have until May 27 to respond to a Federal Energy Regulatory Commission judge’s initial ruling last month that they sold electricity at inflated prices during the California power crisis of 2000-2001. While other companies that sold power under long-term contracts in the state have long since settled charges, Shell and Iberdrola elected to fight the case.
By John Donovan
I published an article earlier today listing a number of settlements that Shell has made in various litigation claims ranging from fraud to complicity in murder.
Shell’s settlement of my first three High Court claims against the company were all shrouded in secrecy.
The same applied in respect of three further High Court actions, all settled secretly by Shell, including all my legal costs.
Extract from my most recent ebook “John Donovan, Shell’s nightmare”:
Outsider: Contrary to what today’s newspaper reports might suggest, Shell wasn’t “dragged” into the long-running OPL 245 scandal – Shell was involved in orchestrating it from the very start.
Since expenditure at this level must have required the approval of the EC it will be interesting to see whether Shell will let us know which members of the EC were responsible for approving the scam.
March 2016: Multiple news sources report that Nigerians have been given the go-ahead to sue Shell in UK court over oil spills
By John Donovan
Multiple news sources have reported the latest legal proceedings brought against Shell in London on behalf of Nigerian communities.
Parties pursuing litigation against Shell are frequently in contact with me seeking advice, inside information and internal evidence. I am always grateful in this regard for invaluable input from Shell insider sources, some of whom have provided information to me for over a decade.
With regards to the latest litigation, suffice it to say that I was pleased to provide extensive assistance on a confidential basis to Leigh Day, the London law firm acting for their Nigerian clients.
By Chris Kay and Ed Kiernan: Bloomberg.com
3 March 2016
As canoes glide past mangroves blackened by oil in the Niger River delta, two dozen children splash around in a creek covered by a sheen of crude while families take shelter from the punishing midday sun in half-built houses.
Once a bustling farming and fishing town in the region of Ogoniland, Bodo has become a poster child in Nigeria for the devastating impact on local communities caused by the leakage of about 240,000 barrels of crude a year in the delta, close to the amount that spilled in 1989 when the Exxon Valdez tanker ran aground off Alaska.
Business | Wed Mar 2, 2016
The investment arm of British insurer Standard Life (SL.L) said on Wednesday it would step up its engagement with management at Volkswagen VOWG_P.DE and Royal Dutch Shell RDSA.L over certain concerns it has regarding corporate governance.
In its annual governance and stewardship report Standard Life Investments said it continued to be worried about a lack of independence on the German carmaker’s supervisory board and board committees following the appointment of former Chief Financial Officer Hans Dieter Poetsche as chairman of the Supervisory Board, in the wake of the firm’s emissions scandal.
by Veselin Valchev: Friday, 19 Feb 2016
Credit ratings agency Fitch downgraded Royal Dutch Shell Plc (LON:RDSA) by one notch to “AA-“, with a negative outlook, in response to the successful completion of the costly BG Group merger. The agency considers that adding BG’s business to the group has “deteriorated” Shell’s financial profile.
The £36bn takeover included a £13bn cash component, which Shell covered with resources at hand. The Anglo-Dutch oil major said in its Q4 results earlier this month that it had $31.75bn in cash or cash equivalents in reserve at the end of 2015.
Shell plans to restore its balance sheet strength with an ambitious $30bn disposals programme, in addition to cutting billions in capex and opex from the combined group’s spending, while further synergies from the merger are projected to save up to $3bn per year.
Written by Rita Brown – 09/02/2016
The industry is in the crux of its own renaissance as it grapples with job losses, low oil price and lagging efficiency, according to Shell’s project & technology director.
Speaking at GE’s annual meeting in Florence, Harry Brekelmans said: “Florence is the birthplace of the renaissance, the time of exploration of discovery and great inventions and of course the oil and gas industry is in need of its own renaissance.
“This will be how we collectively respond to the tough business environment we find ourselves in.
…not only could Shell and Eni lose the block, but they could also face billions of dollars in fines for allegedly bribing corrupt public officials and private citizens.
By Julianne Geiger: Jan. 29, 2016
Supermajors Royal Dutch Shell (RDS.A, RDS.B) and Italian Eni (NYSE:E) could be facing the loss of one of the biggest offshore oil exploration blocks in Nigeria, putting an estimated 9 billion barrels of crude oil at risk.
As the new Nigerian government launches a rampaging anticorruption campaign, local media are reporting government recommendations to reclaim block OPL 245 from oil giants Shell and Eni.
Nigerian Justice Minister and Attorney General Abubakar Malami is behind the recommendation, and is a key figure advising the government on the case.
It has taken some time to send you my promised request for information, but I’m now fulfilling my commitment.
I’m an Argentinian independent journalist. Usually, I write on international Politics, and in this job I regularly check your site. In recent times, however, I note the absence of references to the enormous political engagement of Shell in the new Argentinian government.
Usually, I write on international Politics, and in this job I regularly check your site. In recent times, however, I note the absence of references to the enormous political engagement of Shell in the new Argentinian government.
Extract from an email sent by OSSL today to Ben van Beurden concerning Shell bribery and corruption in Ireland
Extract from an email sent by OSSL today to Ben van Beurden concerning Shell bribery and corruption in Ireland, as admitted by OSSL, the firm that worked for Shell. This is stated as a fact not an allegation.
Interesting to read the news today that the repressive and barbaric Saudi regime is considering publicly listing the state-owned oil company Saudi Aramco.
The headline on one such article is: “Saudi Arabia’s Giant & Secretive Oil Company May Go For IPO“
It is ironical under the circumstances that retired Royal Dutch Shell Chairman Sir Mark Moody-Stuart, the long-time claimed champion of transparency and ethics, is a member of the Saudi Aramco board.
His late brother George Moody-Stuart was the highly respected Chairman of Transparency International.
Peter Murtagh: 30 Dec 2015
One of six wellheads, drilled in 350m of water 84km off the west coast, was opened on Wednesday by the field developer, Shell E&P Ireland.
This started gas flowing through a 20 inch diameter off-shore pipeline to an 8.3km-long on-shore pipeline, which includes a 4.9km tunnel beneath Sruwaddacon Bay, the longest in Ireland.
It continues from there into the company’s reception terminal at Ballanaboy, near Belmullet in Co Mayo.
London Rising Tide protesters outside the Royal Courts of Justice to highlight Shell’s devastating pollution in Nigeria
To whom this may concern,
I am writing an e-mail to you to let you know how disgusting and disgraceful company is, I am referring to the oil spills in Nigeria where your carelessness has affected the lives of the local people there…….I know that it is of little concern for your company who care nothing but making profit. It is also annoying to know individuals are powerless to make a difference and your continuation of lying of cleaning the oil spills or even repairing the pipes which are leaking this hazardous poison (oil) into mother earth.
By Yvonne Ndege | Al Jazeera
A memorial march is due to be held in Nigeria for a champion of the environment who confronted one of the world’s biggest oil companies – and was then hanged.
It is the 20th anniversary of the execution of Ken Saro Wiwa, who campaigned against oil pollution in the oil rich Niger Delta by Royal Dutch Shell.
He was sentenced to death after being found guilty of involvement in four murders – in a case condemned as a sham and after international appeals for clemency.
Ben van Beurden, installed as Shell’s chief executive in 2014, could have halted the ill-fated project. But after a “personal journey”, he decided to go ahead.
Shell’s retreat from the frozen north shows the new realities of “big oil”: Reputation was another factor in Shell’s retreat
Oct 3rd 2015 | HOUSTON | From the print edition
OIL companies have a proud history of digging holes in inaccessible places and producing gushers of money. But in the Chukchi Sea, in the Alaskan Arctic, Shell has poured $7 billion into a single 6,800-foot exploratory well, making it possibly the most expensive hole yet drilled, only to admit this week that it had not found enough oil and gas to make further exploration worthwhile.
That was a big climbdown for a company that had spent seven years since acquiring the Chukchi licenses in 2008 in a highly public, drawn-out battle to drill in the Arctic. The decision boiled down to costs, financial and reputational. Most big oil firms face similar pressures. Some will take a lesson from Shell and put their Arctic plans on hold, though Eni, a big Italian oil firm, is vowing to press ahead with its efforts to drill in the Norwegian Arctic.
Interesting to read the two recent articles about Shell/Corrib on your site – Shell’s arrogance, plus their presumption of statutory and ministerial subservient compliance still reign supreme!
Shell could at least have made a cursory acknowledgement of a person’s right to recourse to law by way of Judicial Review of the two presumed consents but, once again, they would appear to know something the rest of us don’t.
I would much appreciate if you could draw your reader’s attention to a Shell to Sea petition addressed to the line Minister Alex White which asks/demands that he refuse Shell consent to operate their ‘Space Shuttle syndrome’ refinery at Ballinaboy. As this is of local, national and global significance, I hope many readers will sign it over the next two days.
From: THE OSSL COMPANY <[email protected]>
Date: 28 August 2015 08:10:45 BST
To: Pearse_Street_DS <[email protected]>, [email protected], [email protected], Commissioner <[email protected]>, “<[email protected]>” <[email protected]>, Michiel Brandjes <[email protected]>, [email protected]
Subject: Corrib CEO ..a Shell man …the day the nightmare began …top cop Gannon.
The Shell CEO appointed to Corrib, accompanied by his Local liaison officer unannounced arrived in the premises of OSSL.
Thursday 2nd July 2015
Oil giant Shell has been fined more than £6,000 after a diesel leak on board the same North Sea platform where two workers died 12 years ago.
Sean McCue, 22, and Keith Moncrieff, 45, lost their lives when they were overcome by gas while working on the energy firm’s Brent Bravo rig in 2003.
The oil company was previously fined nearly £1 million after admitting safety breaches which led to their deaths.
Yesterday Shell UK bosses returned to the court after approximately 13 to 15 tonnes of diesel spilled into the North Sea despite warnings over the transfer system going back over a decade. Senior management from the Royal Dutch Shell subsidiary appeared in the public benches at Aberdeen Sheriff Court where the company pleaded guilty to an unlicensed release of fuel.
Museum exhibit funded by Shell raises questions about influence.
Oil giant Shell, one of the London Science Museum’s sponsors, attempted to influence an exhibit on climate, newly uncovered documents show.
By Jeff Nesbit: June 1, 2015
If you’d like to see how oil giant Royal Dutch Shell (one of the largest multi-national corporations in the world’s history) uses its corporate philanthropy to subtly change the core direction of potentially adversarial content at a renowned science museum educating millions, here’s your chance.
How Shell came to sponsor the London Science Museum’s “Atmosphere” program that, according to its director, emphasizes as much about what we don’t know about climate science as what we do know, is a story pulled straight from the well-established corporate public relations playbook.
SEC Hits Back At KBR And Other Corporate Bullies Who Threaten Whistleblowers
By John Donovan
If a Shell employee, contractor or supplier wants to blow the whistle on alleged misdeeds, they can contact the Shell Global Helpline and risk retaliation, or go to the appropriate external authority.
In either event, there may be protection under whistleblower law in some countries, such as the USA.
In this connection, an article published earlier this month by the IMA (Institute of Management Accountants) may be of interest.
The SEC’s enforcement action, as set out in the article, is good news and should improve intelligence gathering.
By John Donovan
Corporate espionage: Shell Cloak and Dagger activities spanning more than two decades – much of it directed against me
- Infiltrated spies into the Nigerian government
- Was responsible for covert operations against Greenpeace and other perceived enemies, using a serving secret service agent freelancing for a private spy firm closely connected with Shell
- Employed private security contractors on the Corrib Gas Project to carry out surveillance operations in Ireland against the public and the press
- Secretly applied pressure to The Sunday Times and The Financial Times in an attempt to suppress news coverage about me
In a recent Daily Mail article about Shell’s takeover bid for the BG Group, reference was made to a ‘cloak and dagger’ meeting between Shell’s chief executive Ben van Beurden and the chairman of BG Group, Andrew Gould, at The Dorchester Hotel.
It was obviously an important commercially sensitive meeting, but it hardly compares with the real ‘cloak and dagger’ activity for which Shell has been responsible over the decades, some of it directed at me and my late father, Alfred Donovan.
From an article by Damian Carrington published Wednesday 1 April 2015 by The Guardian newspaper
Guardian Media Group to divest its £800m fund from fossil fuels
The Guardian Media Group (GMG) is to sell all the fossil fuel assets in its investment fund of over £800m, making it the largest yet known to pull out of coal, oil and gas companies.
The decision was justified on both financial and ethical grounds…
By John Donovan
The third successive year of a pre-AGM email bombardment of Shell by its former “Mr Fixit” company in Ireland, OSSL, is fully underway.
Several emails are sent every day by OSSL, not just to top executives at Shell, such as Ben van Beurden but to the Irish Justice Minister and Senior Irish Police Officers.
The subject is always the same.
The alcohol purchased by OSSL on behalf of Shell, which OSSL distributed to senior Irish police officers on behalf of Shell. Police officers who took delivery are named in the emails. They were also named in a taxation invoice sent to Shell by OSSL for some £30,000 worth of police alcohol.
John Donovan invited by Irish Justice Minister to provide evidence to Irish Police Ombudsman Commission
Email sent by John Donovan to Garda Slochana Ombudsman Commission (GSOC) 25 March 2015
SHELL CORRUPTION OF IRISH POLICE AS ADMITTED BY ITS AGENT/CONTRACTOR: OSSL
I attach for your information a copy of a letter dated 12 March 2015 from Ms Frances Fitzgerald, T.D., Irish Minister for Justice and Equality, addressed to Mr Bernard J Durkan TD.
This is similar in content to replies sent recently to other T.D’s – all of whom kindly took this matter up with the Minister on my behalf, who has now invited me to supply the GSOC with evidence.
I want to keep this simple, so I will restrict my comments to one item of evidence which has already been supplied, but not acted upon, plus important items of evidence that have emerged since the GSOC Report published in July 2014.
Special relationship between a Shell oil executive and a Government Minister contributed to offshore deaths?
Love 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:
Subject: THE EMAIL YOU RECEIVED FROM MR BILL CAMPBELL
Date: 9 March 2015 22:50:38 GMT
Cc: Campbell <Cambell
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.
CORRUPTION SURROUNDING THE CORRIB GAS PROJECT IN IRELAND
By John Donovan
Today, apparently by co-incidence, I received an email sent to me on behalf of the Irish Justice Minister, Ms Frances Fitzgerald, T.D. (Photo)
It was only yesterday that I posted an article on the above subject after a long break in coverage.
The email from the justice ministry contains an apology for the delay in responding to a communication I sent to the minister several months ago. It related to the admittance by a Shell supplier OSSL, that it had for a long period distributed bribes to the Irish police, and other Irish parties, including land owners, at the express instruction of their client Shell EP Ireland. I reported the unusual circumstances in which OSSL was demanding payment from Shell to cover bribes paid on its behalf.
JOHN DONOVAN EMAIL TO MR MICHIEL BRANDJES, COMPANY SECRETARY AND GENERAL COUNSEL CORPORATE, ROYAL DUTCH SHELL PLC
On 3 Mar 2015, at 23:40, John Donovan wrote:
Dear Mr Brandjes
Several months ago, I publicly accused OSSL directors of bombarding Shell with blackmail demands for two years over the Shell sponsored corruption scandal in Ireland.
OSSL directors admitted supplying “gifts” on behalf of its client Shell EP Ireland to various parties, including the Irish police, to smooth the troubled path of the Corrib Gas Project.
One apparently legitimate OSSL invoice to Shell was for £30,000 of free booze showered on Irish cops accused of acting brutally towards “Shell To Sea” campaigners.
The Guardian has published another article by former Royal Dutch Shell Group Chairman, Sir Mark Moody-Stuart.
He is apparently attempting to deal with the recent suggestion by Jonathan Porritt that oil company employees should conducer quitting their jobs on moral grounds.
Sir Mark says that working for Shell didn’t stop him from having morals or accepting climate change.
He clearly holds himself in high esteem.
Surprising, since all manner of unethical activity took place during his time at the top of Shell, including:
Email Dated 4 March 2015 from Mr Bill Campbell, Retired HSE Group Auditor, Shell International, to Mr Billy Gordon, a senior officer of Police Scotland
The Case against Malcolm Brinded CBE:
Dear Mr Gordon
Firstly, I would like to thank you for your continual support especially over the period when the Fiscal Anne Currie was carrying out her investigation into the conduct of Shell and HSE officials (2009 – 2011), Appendix C of the attached refers. If you check your files you will bring to mind that early in 2012, I sent a joint communication copied to you and the Royal Dutch Chairman (RDS) Jorma Ollila and his Legal Counsel Michiel Brandjes. We discussed in some detail the contents of a conversation that took place shortly after Shell had issued a press release (Appendix A) with a complete denial of the claims made both on BBC Scotland TV and the oil and gas industry trade Magazine Upstream. As a result of this communication, and by April 2012 ,Malcolm Brinded was released from the employ of RDS, his release initiated by his employer. For the record, as you are aware I was not allowed to come to Aberdeen to make a statement or to convey the many pages of evidence in what is a complex business. Acting to the instruction of the Fiscal Anne Currie the evidence was passed by Grampian police to her.
Shell Petroleum Development Company (SPDC) has allocated N600,000 (approx. US$3,000) to each of 15,500 indigenous peoples of Bodo, in the Gokana Local Government Area of Rivers State, as a monetary compensation for its excessive oil spills in the past years. These oil spills have had a damaging effect on the Ogoni environment. The compensation was decided after six years of legal battle.
Extracts from related article
In 2010, Shell agreed on out-of-court settlement in a case brought against it by the people of Bodo community over the excessive oil spills from the company’s failed facilities, which had caused a damaging effect on the Ogoni environment and its people.
Disclosing this much during a solidarity visit by a delegation of Friends of the Earth and Environmental Rights Action FoE/ERA led by its Executive Director, Dr Godwin Ojo, the Chairman of Bodo Council of Chiefs, Mene Sylvester Kogbara, said Bodo people had already started to use the money to “develop themselves.”
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.
From a BBC News article published 11 February 2015
Oil firm Shell has been criticised after an offshore worker was seriously injured when a compressed gas cylinder flew through the air and hit him.
The incident happened on the Brent Delta platform in the North Sea on 10 November.
The Health and Safety Executive (HSE) said Shell did not have a safe system of work, and issued the company with a prohibition notice.
Shell said action had been taken to address the issues raised by the HSE.
RELATED BBC NEWS ARTICLE PUBLISHED 14 June 2006
Oil giant Shell has been accused of operating platforms in the North Sea at dangerously high risk levels.
Former senior manager Bill Campbell, who led a safety review, claimed the company ignored his warning in 1999 that an accident was bound to happen.
What Shell has not disclosed is that Shell internal spooks have spied on Shell employees via Shell servers all around the world, tracking both internal and external communications, as part of a top secret espionage project. I have irrefutable Shell internal evidence to prove it.
By John Donovan
Cybersecurity has become a major problem with highly embarrassing security breaches at many businesses such as Home Depot, Target and Sony Pictures. Royal Dutch Shell (Global Employee Data Breach) was one of the first victims.
Yesterday, the White House announced the formation of a new federal agency “to analyse threats to the nation’s cybersecurity and coordinate strategy to combat them.”
The Obama administration is launching the Cyber Threat Intelligence Integration Center as a central place to coordinate cyber threat intelligence from the FBI, the National Security Agency, the Department of Homeland Security and other federal agencies. The center will operate under the guidance of the director of national intelligence and will work with the private sector since many cyber attacks are directed at businesses.
By John Donovan
A letter emailed to Royal Dutch Shell Plc Chief Executive Officer, Ben van Beurden, on 23 Oct 2014, from the U.S. Securities & Exchange Commission, asked why Shell had omitted to supply in a Form 20-F filing, figures for Shell’s share of Kashagan proved undeveloped reserves.
Shell’s partners in the much troubled Kashagan oil field consortium – years behind schedule and billions over budget – include Eni, KazMunayGas, Total, ExxonMobil, China National Petroleum Corporation and Inpex. The project is known in the oil industry as “Cash All Gone”.
WASHINGTON Thu Jan 29, 2015 1:49pm EST
(Reuters) – In a rare move, oil major Shell on Thursday backed a resolution proposed by activist investors to force the company to recognize climate change risks by improving its transparency.
Shell’s executive vice president of investor relations JJ Traynor said the company would urge shareholders to vote for the resolution at the annual general meeting in May.
The announcement coincided with Shell saying Thursday that it would cut $15 billion in spending but continue to drill in Alaska’s Arctic.
The resolution was filed by the Aiming for A coalition of UK investors representing close to £200 billion ($300 billion) in assets and calls on Shell to disclose additional information in five areas related to climate change in its annual reporting from 2016.
By John Donovan
Seems a safe assumption that one important aspect will be an attempt to detoxify the reputation of Shell, which has recently agreed to pay huge settlements of litigation arising from environmental pollution in Nigeria and the USA. Shell is said to be suffering from buyers remorse on the latter settlement deal.
By: MICHEAL KAUFMAN
Published: Dec 23, 2014 at 12:38 pm EST
There is a large question mark on whether Royal Dutch Shell (ADR) (NYSE:RDS.A) will continue a new round of drilling in the Chukchi Sea and the Beufort Sea in the Arctic or not. The company earlier filed a lawsuit against a group of environmentalists to avoid any legal challenges in the future. The lawsuit sparked criticism from authorities and posed several problems for the Dutch oil giant.
Shell acquired the leases in 2008, after receiving approval from the Bureau of Ocean Energy Management (BOEM). But a lawsuit was filed blaming BOEM for taking arbitrary estimates which were not reliable. BOEM as a result revised its assessment and issued a supplementary environmental statement, which revealed that around 4.4 billion barrels of crude oil could be pumped compared to the previous estimate of one billion barrels.
The biggest vessel in the world, the Pieter Schelte (above) has been built by Daewoo in South Korea. Swiss company Allseas commissioned the building of the huge $1.7bn ship. Both the legs and main structure of a rig can be moved simultaneously (shown in illustration)
Article by Eamonn Fingleton published by Forbes.com: 20 December 2014
Big Oil’s $3 Billion Homage to Nazi War Criminal
Ships don’t come bigger than the Pieter Schelte. They don’t come more controversial either. Built in Korea at a cost of nearly $3 billion, the gargantuan new ship is now sailing towards the Netherlands, where it will soon enter service in the European offshore oil industry.
A huge catamaran, it weighs 932,000 tons, a world record, and nearly 18 times the Titanic. It will lift offshore oil rigs weighing up to 48,000 tons, again a world record. So much for the technicalities – but there is, ahem, a slight political problem: the ship’s name.
Greenpeace Arctic campaigner, Ian Duff, has issued the following statement:
“Shell has proven time and again it can’t be trusted to manage its contractors safely. That Shell engaged Noble Drilling, a company now guilty of eight felonies, is the clearest indicator yet. Letting Shell back into such a precious and risky environment as the Arctic would be sheer madness, yet that’s what Shell wants to do next summer. Surely now President Obama has to think twice about approving Shell’s next venture in the Arctic, which the government’s own scientists say has a 75% chance of causing a large spill.
Unfortunately it is unclear if the lucky applicant is expected to advise Shell employees on how to avoid falling foul of bribery and corruption laws, or how to get round them. I suppose its a fine distinction.
By John Donovan
Just spotted an advert for the job of Senior Legal Counsel for Anti Bribery and Corruption at Royal Dutch Shell Group.
Apparently part of the job function is to provide specialist advice in connection with the Shell Anti-Corruption Manual, which probably has the same standing within the company as the outdated Shell Business Principles – just a theatrical prop designed to conjure up an illusion of honesty.
Unfortunately it is unclear if the lucky applicant is expected to advise Shell employees on how to avoid falling foul of bribery and corruption laws, or how to get round them.
By John Donovan
PRELUDE DESIGNED BY SHELL LAWYERS? MORE IMPORTANT ROLE THAN ENGINEERS?
What will Bill Campbell make of the boasts from Shell’s chief lawyer Donny Ching, about the pivotal role of Shell in-house lawyers in the world’s first floating liquefied natural gas (LNG) facility, Prelude FLNG?
Extracts from an article about Donny Ching published by The Law Society Gazette on 5 December 2014:
Ching also believes that external law firms would have been no substitute for in-house lawyers in the work they did to build the world’s first floating liquefied natural gas (LNG) facility, Prelude FLNG.
The Church Commissioners and Church of England Pensions Board have announced this week that they are in the process of co-filing shareholder resolutions on climate change at the AGMs of two of world’s biggest oil and gas companies – BP and Shell.
Church investors file shareholder resolutions at BP and Shell
By Edward Mason, Church Commissioners Head of Responsible Investment
The Church Commissioners and Church of England Pensions Board have announced this week that they are in the process of co-filing shareholder resolutions on climate change at the AGMs of two of world’s biggest oil and gas companies – BP and Shell. This is one of the ways in which the Church of England’s national investing bodies are deepening and strengthening their engagement with the businesses in which they invest on the ethical issues that are of the greatest importance to the Church.