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Posts under ‘Forbes’

Shell shareholders can only wish that they had never heard of Alaska

By John Donovan Christopher Helman of Forbes has neatly summarised the misadventures of Royal Dutch Shell in Alaska… “Consider for a second the $5 billion misadventure that Royal Dutch Shell has had in Alaska. Here’s a quick recap: In 2008 Shell acquired the rights to exploration blocks in the Beaufort Sea north of the North […]

BP And Shell Have Problems, But Manageable Ones, With The Russian Sanctions

Extract from a Forbes article by Tim Worstall published 29 April 2014 The imposition of sanctions on various Russian people and organisations over the Ukraine threatened to pose a number of problems for the big energy companies, especially BP and Shell. If Rosneft itself were placed on the list, for example, or Gazprom, the the […]

What The Hell, Shell? Oil Giant Warns On Disastrous Quarter

Royal Dutch Shell released a dreadful profit warning today. …a few more quarters like this one and the pressure will mount on CEO van Beurden to start slashing that capex and put Shell into a managed shrink-down like CEO Robert Dudley has been forced to do at BP. Earlier this week The Financial Times reported […]

Marvin Odum, just another Shell snake oil salesman

By John Donovan Based on insider information, we beat Shell to the punch by announcing a day before Shell, that David Lawrence had left the company. We said that he had been fired after Shell’s Arctic plans fell apart. When Shell was put under pressure to comment, the company claimed Lawrence was leaving by mutual […]

Selection of links to Shell related articles: 17 February 2013

Selection of links to current Shell related articles kindly provided by a regular contributor Heat on Nigeria oil industry as sector chiefs meet: Daily Nation-Major oil industry executives gather in Nigeria’s capital for an annual … by government ministers and top officials from oil majors Shell, Exxon, … Oil and Gas Feeding Off Each Other […]

Why Shell Should Just Quit Its Alaska Drilling Fiasco

Christopher Helman, Forbes Staff: I’m based in Houston, Texas. Energy capital of the world. Royal Dutch Shell is taking flack from all directions today as a team of salvage experts try to figure out how to free the $290 million Kulluk floating drilling rig that ran aground on the coast of Alaska Monday. The crew […]

Shell News Archive 3 November 2005

From Our Shell News Archive 3 November 2005 openprovider.co.uk: The EU domain battle “A recent example of an expensive lawsuit is the Shell case for royaldutchshellplc.com and royaldutchshellgroup.com. Shell lost this case. So far the lawsuit has cost millions and the domain still doesn’t belong to them.“ (Comment by John Donovan on 3 November 2012: […]

Black Gold In Ireland? MindThe Eco Warriors, Though.

Big Oil has watched the Irish scene and its public protests and court cases with trepidation. John O’Sullivan, technical director with Providence Resources, told the Financial Times, “We’ve definitely seen a Corrib ripple effect…. [Potential investors] go through the technical assessment, it gets to their main board and then someone who has worked at Shell […]

Shell, Corporate Social Responsibility and Respect for the Law

10/03/2012 This post is by Amol Mehra and Katie Shay On Monday, the U.S. Supreme Court considered a case that strikes at the core of corporate social responsibility, Kiobel v. Royal Dutch Petroleum (Shell). The Kiobel plaintiffs allege that Shell was complicit in egregious human rights violations including rape, torture, and the extrajudicial killings of […]

A Shell Game: When Reality Meets Bribery

9/21/2012 @ 4:03PM When I used to train employees on how not to bribe, I always added a caveat.  If your health or safety is at issue, I used to say, get yourself out of the situation.  Contact me immediately when you get to a safe zone, but do what you have to do. I […]

After Mishaps, Shell Dials Back Arctic Oil-Drilling Plans

Christopher Helman, Forbes Staff: 9/17/2012 I’m based in Houston, Texas, energy capital of the world. For weeks now it’s been unlikely that Shell would have enough time before the sea freeze sets in to drill down to oil-bearing zones in its newly spudded well in Alaska’s Chukchi Sea. But today Shell made it official, announcing […]