By a Regular Contributor
Hopefully, Shell will soon accept that in the US Arctic their position is now untenable…
If RDS wants to cut capex (and exposure), FLNG is a good place to start, as Simon Henry suggested yesterday. The Arctic should be next.
The Arctic is rapidly acquiring a similar profile to the Brent Spar fiasco. The issue is not whether Greenpeace is right or wrong, it is whether Shell can win the hearts and minds of the public to support their efforts. So far, Shell’s own incompetence has been the most significant issue in eliminating any public support they once enjoyed.
The destruction of drilling vessels and criminal convictions for polluting the environment and failing to keep the required records support the view that Shell do not know what they are doing. Neither Shell’s army of lawyers nor the judges on whom they rely have ever worked offshore and have no idea of what it entails. However, the first time that there is any illegal discharge into the sea or the air (and it will happen), or a fatality, injury or well control incident, the lawyers who are supporting Shell’s current efforts will have nothing constructive to say.