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Posts under ‘Corporate Governance’

A piss up at Christmas time courtesy of Shell

Guardian/Obsever Ed Vulliamy on Irish TV3: “And what worries me with this is okay this is the cops you know having a piss up at Christmas time courtesy of Shell and them unable to deny it.” Unofficial Transcript of a Vincent Brown interview of Ed Vulliamy broadcast 3 April 2014 during Tonight with Vincent Browne […]

Extractive industries: will they ever publish what they pay?

Extracts from an article by Oliver Balch published by The Guardian Tuesday 15 April 2014 Though corrupt regimes may be reluctant to disclose payments, progressive voices from the oil industry are making change happen. Oil giants such as Shell and Chevron have signed up to the Extractive Industries Transparency Initiative’s pro-disclosure guidelines, requiring them to […]

Safety at risk under Malcolm Brinded

Entirely the wrong man to entrust with an oversight function in relation to the safety of rail passengers. He was shunted out of Shell under a cloud. If that is a model of the Shell Prelude in the background of the photograph, it is not an encouraging omen. Mining giant BHP Billiton has appointed former […]

Kashagan Debacle: Not enough engineers, too many idiots

When John Stubbs was assigned to the Kashagan project, he was confronted by an over-budget hopelessly out-of-control shambles and advised Shell senior management that he did not want the job. He was bluntly told by Shell EP boss Malcolm Brinded, to take it, or leave the company. Stubbs, an engineer and project manager highly regarded by […]

Shell Oil Boss Marvin Odum Should Resign after Alaskan Debacle

Now we have further confirmation that Shell was trying to dodge a multimillion tax bill. This time confirmation comes from the findings of an investigation by the Coast Guard division of US Homeland Security. There are going to be more Royal Dutch Shell executives looking for alternative employment… And Marvin Odum, Shell’s boss in the […]

Shell ignored safety warnings ‘partly to avoid tax’, says US Coast Guard

Terry Macalister theguardian.com, Friday 4 April 2014 14.54 BST Damning allegations are made in the report into how Shell came to allow the Kulluk to run aground in December 2012. Photograph: PA3 Jon Klingenberg/AP Shell has been accused by the US Coast Guard of ignoring safety warnings and moving one of its drill ships in […]

Jorma Ollila fined for concealing Luxembourg investments

Extract from an article published 26 March 2014 by Uutiset Jorma Ollila, who is now chairman of the board of both Royal Dutch Shell and steelmaker Outokumpu, has been fined 3,000 euros by Finland’s Financial Supervisory Authority (Fiva) for failing to make a timely disclosure that he owns an investment company called Kestrel SA. The […]

Peter Rees reappears but mystery remains over his exit from Shell

“Rees’ departure from Shell prompted much speculation in the City, given the company’s recent profit warnings, the on-going European Commission investigation into oil price-rigging and the arrival of new CEO Ben van Beurden.” Mr Rees has refused to comment on the circumstances of his unexpected and unexplained departure from Royal Dutch Shell during a financial […]

Former Shell exec has no problem with Shell bribing Irish police?

From his recently posted comments, it seems that LondonLad has no problem with Shell drowning the Irish police force (the Garda) in free Christmas booze, despite allegations that they are “Shell’s Cops” and have allegedly acted accordingly when dealing with protestors. Perhaps he thinks that if corruption is okay for Shell in Nigeria, then its […]

Shell blasted amid poverty, conflict

Social Action accuses Shell of handing out payments for so-called security contracts to rival factions on opposing sides, who used the money to buy more weapons and ammunition to sustain the conflict. Extracts from an article published on 20 March 2014 by WAR ON WANT Shell will come under fire on Saturday, World Water Day, […]

Mark Moody-Stuart: Shell Xmas Gifts/bribes to the Police

By John Donovan On page 187 of his *just published book dealing with difficult corporate ethical dilemmas, Sir Mark Moody-Stuart, retired Group Chairman of the Royal Dutch Shell Group, comments on the issue of Shell giving seasonal gifts to policemen. He poses the question of whether Shell giving a seasonal gift of chocolates and fruit […]

What should frighten stiff Royal Dutch Shell shareholders

By John Donovan Any Shell shareholders diligent enough to wade through all the small print in the recently released Shell Strategic Report have grounds to shudder at the confirmation buried on page 8 that Royal Dutch Shell PLC mainly self insures its risk exposures. This information should be prominently displayed in large red text, flashing […]

Former Shell chief paid £22m over two years despite profit warning

Article by Terry Macalister published by TheGuardian.com Thursday 13 March 2014 Annual report reveals how Peter Voser made enormous gains through share awards and other performance-related bonuses Former chief executive Peter Voser left Shell at the turn of the year. Photograph: Guido Benschop/AFP/Getty Images Shell paid former chief executive Peter Voser £22m over two years […]

WHAT CHIEF GLOBAL PETROLEUM ENGINEER IAIN PERCIVAL REALLY THOUGHT ABOUT…

This article has been deleted at the request of Iain Percival. RELATED CORRESPONDENCE ON SHELL BLOG Stuart Posted on Mar 11th, 2014 at 22:33 With unreserved apologies if you HAVE gotten his support: I find it very sad that you would decide to publish old documents from Iain, a man whose integrity and dignity you […]