Posts under ‘GoogleNews’

By John Donovan

It seems that Shell’s Gannet Alpha platform has had another close call.

On Monday workers were evacuated and production shut down after natural gas began seeping out from under the platform.

All of the ingredients for a disastrous explosion, of the kind that occurred in the Gulf of Mexico, which almost brought about the demise of BP and the explosion on Shell Brent Bravo, resulting from Shell management (Malcolm Brinded) failing to take adequate action after a safety audit exposed a “Touch F*** All” safety culture and falsification of safety records.

Printed below is a comment from a Shell North Sea Platform Safety & Maintenance Expert on the recent oil spill near the Gannet Alpha Platform.

…another example of reactive maintenance regime, i.e. allowing, through neglect, equipment to fail and then reacting to the failure rather than, as the Safety Case for Gannet prescribes, preventing failure in the first instance by application of appropriate maintenance, inspection and monitoring.

(Expert in question may be available to the media for comment)

It seems that not much has changed. Production, profits and FAT CAT bonuses take priority over the safety of offshore workers.

RELATED ARTICLES

Hypocrisy of Shell CEO Peter Voser on BP Gulf of Mexico disaster

Oil and gas spills in North Sea every week, papers reveal

Collusion between Shell and HSE in Brent Bravo cover-up

Bill Campbell quoted in Final Report on BP Deepwater Horizon Oil Spill

Gas leak evacuates Shell oil rig

I doubt that Mr. Voser will emulate Network Rail bosses in the face of a widespread public backlash against Fat Cat bonuses and waive his Fat Cat bonus, as they have, to improve safety? Fat chance.

By John Donovan

According to a report filed on Monday with the U.S. Securities & Exchange Commission, Peter Voser, the Swiss Chief Executive of Royal Dutch Shell Plc received €6.75 million in salary for 2011 plus a bonus of €3.5 million, a combined total of over €10 million.

Voser wants half of his bonus (€1.75 million) paid in shares. The full details of the bonuses at the top of Shell will not be known until publication of the annual report of the company.

Peter Voser was in 2010 the highest paid director of any Dutch listed company.

This is the gentleman who as part of his Vosification plan, asked hundreds of senior Shell managers to reapply for their own jobs.

I doubt that Mr. Voser will emulate Network Rail bosses in the face of a widespread public backlash against Fat Cat bonuses and waive his Fat Cat bonus, as they have, to improve safety? Fat chance.

RELATED ARTICLES

Shell fat cat Peter Voser highest earner in NL: 25 April 2011

Swiss warn UBS bank could collapse – Shell CEO Voser is a UBS director: 1 February 2010

Voserfication at Royal Dutch Shell Plc: 21 June 2009

Leaked email from incoming Shell CEO Peter Voser reveals list of senior appointments: 20 June 2009

Peter Voser’s message to Shell staff presages a gloomy future for all of Shell’s employees and stakeholders

Shell insiders toxic reaction to Vosification job cuts

Introduction by John Donovan

It seems timely, in view of recent postings on our Shell Blog, to republish an article about Shell CEO Peter Voser authored by retired Royal Dutch Shell Executive, Paddy Briggs (right). It was first published on 27 July 2009. Paddy is currently a Member Nominated Trustee of the Shell Contributory Pension Fund.

On a Swiss roll…

By Paddy Briggs

Here’s the story. You are a Swiss accountant with a proven record of ruthlessness and synthetic business acumen. You are comfortable with numbers – that’s what you do – but you know little about the minutiae of the oil business. How can you be – you are not an “oil man” you are a “dollars man”. By guile, good fortune and the Peter Principle you find yourself at the helm of one of the world’s biggest oil and gas companies. You know that you will struggle with the difficult things – like creating an organisation that finds, develops, transports, refines and markets hydrocarbons. You know nothing at all about the oil and gas chain from exploration to consumption. You’ve never really worked in it – other than seeing spreadsheets which show you how much it costs. But you are now in charge. So what you do is retreat to the familiar world of numbers. That world where there is certainty – where something that costs “$100m” is only supportable if an adequate ROACE is assured. And where, even though future earnings are always, by definition, unpredictable you find a way of getting bogus certainty where there is none. By appointing more accountants and listening to them.

And then there is the term over which you plan to steer the business. Everyone knows that the genetics of the oil business are very long term. To find oil (which costs money) and to develop that oil (which costs more) is within the special competences of Shell – always has been. But to harvest the oil and the gas and to generate the income streams you have to be patient. But how can you be patient if you want to show how macho and “profit-focused” you are? Cut, cut, cut. It’s what I do. And immediately the bottom line benefits. Never mind that in five or ten years we won’t have any new discoveries. Never mind that in a decade or so the reserves cupboard will be bare. I’ll be on a seven figure pension by then like Mark and Phil and Jeroen before me. Ha!

POSTING ON SHELL BLOG 2 FEBRUARY 2012 BY ” AN OBSERVER OF SHELL”

Is Voser now also being jinxed by the famous Brinded spell?

This decent and down to earth Swiss financeman is trying to tell the world that Shell will increase production from North Sea fields by extending the life of these fields (Sky Sunrise interview).

I am taking bets with some friends this will not happen. All observable actions by Shell is that they are retrenching from the North Sea. Voser emphasised that there will be a lot of job creation in the UK….. Now, where have we heard this before????

And he says (Bloomberg story):
‘Shell will increase production to about 4 million barrels of oil equivalent a day in 2017-2018. Last March, it said daily output would rise to 3.5 million barrels this year and 3.7 million barrels by 2014′.

Promises, promises, promises. This translates into bonuses and a bit later in ‘new insights’ or other factors that could not be foreseen. I give it to him he is not as audacious as Brinded who predicted 7-8 years ago that Shell would be doing close to 6 mln bbl/d around now.

I am not calling the man a liar. I would not dare to with his army of lawyers in Shell. But how should we call someone who ‘not speaketh the truth’?

Shall we keep it as ‘tarred with the same brush as Brinded?”

BLOG POSTING ENDS

Note added by John Donovan

Malcolm Brinded is the former Managing Director of Shell UK’s offshore oil and gas operations and is closely associated with the Shell “TFA” safety culture, which resulted in an explosion and deaths on the Brent Bravo platform. He is currently Executive Director Exploration and Production for Royal Dutch Shell plc.

Sky Sunrise Interview Thursday 2 February 2012

Eamonn Holmes interviewing Royal Dutch Shell CEO Peter Voser

Eamonn Holmes

Breaking news coming in from the City… Shell the petroleum giant reporting profits of more than £18 billion pounds.. 54 per cent up on last year…

Lets go to their Chief Executive Peter Voser, he’s there in Central London, Congratulations very good news for you but most people Mr Voser will be saying will we see any of these benefits on the forecourt?

Peter Voser

Yes, thank you very much, yes I think Shell had a good year and we are pleased with our progress on the many  projects in which we are investing…

On the forecourts I think two thirds of the price as you know are really going to the government… the other one third is clearly very competitively priced as you may have seen Shell made a loss in the oil products marketing business in the fourth quarter… it was a very tough environment but still we are offering very competitive prices to the customers and at the same time we are investing 30 billion dollars every year in order to achieve… lets say growth in energy so that we can satisfy the demand so that the price can actually be kept in a certain band…

Holmes

So that’s a no for us, you’ll get all the benefits… we’ll get hardly any then as a result of that..

How are you able to do this when your production went down by a few per cent last year… where are the growth markets now? What is the good news?

Voser

I think the good news is clearly that we are going up in terms of production because I think so you have all these external effects that you cannot take… so… the fourth quarter was a very warm quarter, hence our production was not as strong as normally… but we are now planning for 2012 to increase our production out of our flagship projects we are coming on stream and therefore we will generate an increase in cash flow which we are forecasting to be 50 per cent over the next four years and over the next six seven years we will also produce 25 per cent more production.. will reach four million barrels… so I think that’s where the growth is going into from our side and its mainly emerging markets…

Holmes

Mainly the emerging markets you say but is it true that there will be good news for the North Sea because there’s a lot of talk that you will be able to get more production that you’ll be able to extend the life of some of the North Sea oil fields?

Voser

That’s absolutely correct… We took major investment decisions in 2011 in the North Sea in projects like Clair like Schiehallion where we are actually going to invest huge sums of money to actually produce more oil out of the North Sea and I think this will clearly give a boost to the revenue generation of the UK of the government and therefore will also contribute to the economy in the UK over the next few years… there is a lot of job generation behind that within the UK… we are very proud to be part of that.

Holmes

Well that’s good to hear…

When big companies like your own Mr Voser come forward with these profits… and £18 billion pounds we’ve talking about… there’s always this debate these days about executive pay, and shareholder value and your shareholders over the past year have had a bit of disquiet about what goes on in terms of bonuses and executive pay.. what have you done to be able to appease them in any way?

Voser

I think if you look back over the last 3 years our share price has gone up by 70 per cent…

SCREEN SUDDENLY GOES BLACK, CONNECTION LOST

Holmes

O… obviously we ran out of something in the tank there.. it probably wasn’t Shell product… but there we go… that’s Peter Voser and he’s a very happy man because profits up 54 per cent year on year for Shell £18 billion pounds and we were just talking about shareholder revolts and somebody has revolted and pulled out the plug there…

By John Donovan

A regular contributor to our “Shell Blog” recently criticized the mix of postings on this website.

“LondonLad” said:

I am afraid that there clearly is very little news (i.e. aspects of Shell’s work) for the Donovan’s to rant on about recently. A great deal is re-printed as though it’s new but is merely old stories and anti-Shell propoganda that is old history.

Since we have over many years built an archive of over 28,000 articles, documents and advertising relating to Shell stretching back to the 1920′s, including Shell internal documents and communications, we have a wealth of information to draw on in providing related historical context to current news events.

Seems to be a winning formula given the increased traffic – 2,545,430 million hits and 1,513,016 million page views in January 2012.

ALL Royal Dutch Shell news, positive and negative, is accessible on this website.

The advertisement displayed was published in The Scotsman on 31 December 1923.

POSTING ON SHELL BLOG BY “SirPhil” ON 31 Jan 2012

“Having read that the former RBS-CEO, Fred Goodwin, has been stripped of his knighthood by UK authorities. Makes you wonder if and when Sir Phil Watts will stripped of his one. No doubt Phil’s selfish behaviour at the helm of Shell did more harm to the industry and private investors than Fred.”

RELATED ARTICLES

Memos expose Shell’s years of lying

EXTRACT: The correspondence between Mr Watts and Mr Van de Vijver began in June 2001 when Mr Van de Vijver took over as head of exploration and production. He was promoted after Sir Philip was made chief executive partly because of his success with reserves. The two engaged in a “pointed dialogue”, with Mr van de Vijver complaining Shell had overbooked reserves throughout the 1990s.

‘It happened on my watch. I am determined to fix it’

EXTRACT: Shell chairman Sir Philip Watts is resisting pressure to quit following the oil giant’s devaluation of its reserves.

Royal Dutch Shell still diddling its shareholders

EXTRACT: What a mad world we are in when the person most responsible for the fraud, Sir Phillip Watts KCMG, escaped with a severance/pension package of $18.5 million and also managed to retain his title and his Order of St Michael and St George, a British order of chivalry founded in 1818.

FSA Interrogation of Sir Philip Watts following resignation in disgrace as Shell Group Chairman

EXTRACT:

Transcript of Financial Services Authority Interview with Sir Philip Watts: 24 June 2004

Samantha Griffin for the FSA to Sir Philip:

“You are not under arrest and are free to leave any time. The interview is being conducted under caution. That is to say you do not have to say anything but it may harm your defence if you do not mention when questioned something you later rely on in Court. Anything you say may be given in evidence. Do you understand?”

Link for searchable Transcript of Financial Services Authority Interview with Sir Philip Watts: 24 June 2004: 75 pages – every page marked “CONFIDENTIAL”

Peter Voser, another Royal Dutch Shell CEO tainted by scandal

EXTRACT:

by John Donovan of royaldutchshellplc.com

Soon after Sir Philip Watts was escorted by security guards from the Shell Centre in humiliation and disgrace as a result of his leading role in the Royal Dutch Shell securities fraud, Shell directors appointed Jeroen van der Veer to replace him.

This was despite the fact that van der Veer and fellow Royal Dutch Shell Group Managing Director, Malcolm Brinded, “only narrowly avoided being sacked over their role in the oil giant’s reserves scandal.” Both had signed Form 20F Declarations submitted to the U.S. Securities & Exchange Commission containing materially false information. Both were subsequently co-defendants in a U.S. class action lawsuit settled by Shell in which Royal Dutch Shell, as part of the multi-million dollar settlement, made a range of commitments about future governance of the oil giant.

THE SADISTIC SACKING OF SHELL CHIEF EXECUTIVE WALTER VAN DE VIJVER

EXTRACT: He resigned as a result of the cumulative assault, shocked, humiliated and disgusted at the shabby inhuman treatment he received from his colleagues.

An eminent group of scientists and professionals have sent a collective communication to the Norwegian Government Pension Fund recommending disinvestment in the oil giant Royal Dutch Shell on ethical grounds.

By John Donovan

An eminent group of scientists and professionals have sent a collective communication to the Norwegian Government Pension Fund recommending disinvestment in the oil giant Royal Dutch Shell on ethical grounds.

The pension fund has already dis-invested in several mining and forestry companies “known to cause severe environmental and human rights related harm in their operations.”

If the campaign is successful, which focuses on Shell’s horrendous track record in Nigeria, Royal Dutch Shell would be the first oil and gas company the fund would exclude from its portfolio.

The joint recommendation, sent last Friday, is printed below.

January 27, 2012                                          via email: postmottak@etikkradet.no

Professor dr. juris Ola Mestad, Chairman
Council on Ethics
Norway Government Pension Fund
Etikkrådet for Statens pensjonsfond utland
Postboks 8008 Dep
0030 Oslo, Norway

RE: Recommendation that the Norway Pension Fund exclude holdings in Royal Dutch Shell due to the severe environmental and social harm caused by Shell’s long-term negligence in the Niger Delta, Nigeria

Dear Chairman Mestad,

We, the undersigned conservation scientists and professionals from around the world, write to you today asking you to take action on a matter of significant importance regarding corporate social responsibility and ethical investment.

We are aware of the laudable ethical standards your Council on Ethics has established with which to screen all investments made by the Norway Pension Fund, in particular its environmental standards.  We commend you for the previous divestments the Fund has made in mining and forestry companies known to cause severe environmental and human rights related harm in their operations.

We note that Section 2 of your Guidelines for the observation and exclusion of companies from the Government Pension Fund Global’s investment universe states, (inter alia):

3) The Ministry of Finance may, on the advice of the Council of Ethics, exclude companies from the investment universe of the Fund if there is an unacceptable risk that the company contributes to or is responsible for: a) serious or systematic human rights violations, such as murder, torture,
deprivation of liberty, forced labour, the worst forms of child labour and other
child exploitation;
b) serious violations of the rights of individuals in situations of war or conflict;
c) severe environmental damage; d) gross corruption; e) other particularly serious violations of fundamental ethical norms.

(4) In assessing whether a company shall be excluded in accordance with paragraph 3, the Ministry may among other things consider the probability of future norm violations; the severity and extent of the violations; the connection between the norm violations and the company in which the Fund is invested; whether the company is doing what can reasonably be expected to reduce the risk of future norm violations within a reasonable time frame; the company’s guidelines for, and work on, safeguarding good corporate governance, the environment and social conditions; and whether the company is making a positive contribution for those affected, presently or in the past, by the company’s behaviour.

Chairman Mestad, Jan. 27, 2012

Page 2.

In this regard, some members of our group and associates have worked for years on the impacts of oil production in the Niger Delta, and we conclude that Shell has for decades caused severe environmental and social harm in the region.  Evidence of this includes, but is not limited to, a history of repeated oil spills at Bomu Manifold, Korokoro flow station and Ejama-Ebubu in the minority Ogoni region of the Niger Delta (See Ogoniland Environmental Assessment, UNEP 2011).  Further, Shell is well aware of the damage it continues to cause, and has not taken necessary action to remedy the continuing problems. We feel Shell’s long-term negligent behavior in the Niger Delta satisfies the Fund’s standards for exclusion as set forth in Paragraphs 3 and 4 of your Ethical Guidelines referenced above.

Although Shell is clearly required by Nigerian law (as well as its own corporate policies) to conduct its oil and gas production, transportation, refining, and export operations with best available international standards, it has knowingly and consistently violated this requirement in Nigeria for decades.    Shell is required to meet these high standards in oil infrastructure integrity, spill prevention, prevention of third party damage, monitoring and maintenance of facilities, spill response, spill restoration, and financial compensation.   However, Shell repeatedly ignores such requirements for regular inspection and maintenance of oil facilities, upgrading pipelines and production facilities to best available standards, and prompt and effective response to oil spills (See Double Standards: International Standards to Prevent and Control Pipeline Oil Spills, Compared with Shell Practices in Nigeria, Steiner, 2008/2010).

To begin to address these issues, some of the signatories to this letter organized and conducted the first preliminary environmental damage assessment of oil impacts across the Niger Delta in 2006, in collaboration with many Nigeria scientists and communities, and found the Delta to be one of the most severely oil-impacted ecosystems in the world (Niger Delta Natural Resource Damage Assessment and Restoration Project – Phase I Scoping Report, Nigeria Conservation Foundation and IUCN/CEESP, 2006).   The 2006 study estimated that the average volume of oil spilled in the Niger Delta each year equaled that spilled by the Exxon Valdez in Alaska in 1989 – officially reported to be about 220,000 barrels.  It is our conclusion that most of this environmental injury in the Niger Delta is due to the largest and oldest petroleum producer in the there– Royal Dutch Shell.

In 2006 our group recommended to the United Nations Environment Programme (UNEP) that it conduct a comprehensive environmental damage assessment of oil impacts in the Delta.  Subsequently, UNEP did conduct an assessment of oil contamination in Ogoniland (part of Shell’s operating area in the Delta), and published its final Ogoniland Environmental Assessment last year (UNEP, 2011).  The UNEP report agreed with our 2006 assessment, confirming that the region has been continuously and severely damaged by oil.   Again, this is Shell’s operating area.

Chairman Mestad, Jan. 27, 2012

Page 3.

It is evident to our group, and many others working and living in the Niger Delta, that Shell has consistently violated its legal and ethical obligations in Nigeria, it is well aware of this continuing problem, it knows how to correct the problems, and yet continues to operate negligently and with impunity.

And it is clear that Shell’s behavior in the Delta does not constitute isolated and infrequent accidents.  Rather, the company’s willful negligence has continued over several decades.  Mr. Chairman, we feel it is time the international community takes a strong stand against such ongoing corporate malfeasance.

Thus, we were delighted to see the Council’s Annual Report 2009 state the following:

The Council is also going to investigate more closely the Fund’s investments in coal mines in light of the many accidents in this industry, and is as well as looking into oil pollution in the Niger Delta in light of the many oil spills in the region over a prolonged period and the impact this may have on the environment and human health (emphasis added).

Clearly, it would be unethical for the Norway Fund to continue “profiting” from its investments in Shell, while Shell is “profiting” from its continuing negligence regarding the environment and people of the Niger Delta.

We applaud your investigation of environmental and social injury caused by oil operations in the Niger Delta. By way of this letter, we respectfully encourage the Council on Ethics to recommend full divestment and exclusion of all holdings of the Norway Government Pension Fund in Royal Dutch Shell, Plc. and its subsidiaries, due to the consistent and severe environmental and social harm caused by Shell’s negligent oil and gas operations in the Niger Delta, Nigeria.

We recognize that this would be the Fund’s first exclusion of holdings in the petroleum sector, and as such, feel this would send a powerful message to the petroleum sector globally.  We also feel divestment by the Norway Fund will provide strong motivation for Shell to improve its environmental and social performance in Nigeria and globally.  Such action would similarly motivate other companies operating in the Delta in which the Fund is invested.

Please do not hesitate to contact any of us if you need other information.  We would also invite the Council on Ethics to conduct a fact-finding mission to the Delta if you so desire.

We look forward to your decision on this important issue.

Chairman Mestad, Jan. 27, 2012

Page 4.

Respectfully (in alphabetical order),

Gordon Abiama, Director, Africa Centre for Geoclassical Economics, Yenagoa, Bayelsa State, Niger Delta, NIGERIA

Pastor Innocent Adjenughure, Executive Director, Institute for Dispute Resolution, Niger Delta Study Group on Extractive Sector (NIDESGES), Delta State, NIGERIA

Ben Amunwa, Researcher, Platform, London, UK

Nnimmo Bassey, Environmental Rights Action (ERA), NIGERIA

Dr. Grazia Borrini-Feyerabend, President, Paul K. Feyerabend Foundation, SWITZERLAND

Dr. Bram Büscher, Associate Professor of Environment and Sustainable       Development, International Institute of Social Studies, Erasmus University NETHERLANDS

Dr. Crystal Fortwangler, Anthropologist, USA

Ken Henshaw, Programmes Manager, Social Action, NIGERIA

I. Herbert, Sustainable Environment and Economic Resources (SEERs), USA

Janet Howitt, Environmental Safety Group, Gibraltar, UK

Kira L. Johnson MSc, Conservation Biologist, USA

Sandra Kloff, Consultant, Marine and Coastal Management, NETHERLANDS

Ronald Leger, CANADA

Janaki Lenin, Writer, INDIA

Father Père Félicien Mavoungou, Commission épiscopale Justice et Paix Brazzaville, REPUBLIC OF CONGO

Akpobari Celestine Nkabari, Ogoni Solidarity Forum-NIGERIA and Social Action, NIGERIA

Chairman Mestad, Jan. 27, 2012

Page 5.

(Signatures continued)

Abiri Oluwatosin Niyi, Sustainable Nigeria, NIGERIA

Faith Nwadishi, Publish What You Pay/Koyenum Immalah Foundation, NIGERIA

Legborsi Saro Pyagbara, International Advocacy Officer, The Movement for the Survival of the Ogoni People (MOSOP) NIGERIA

Alfredo Quarto, Executive Director, Mangrove Action Project, USA

Dr. Kristin Reed, author of Crude Existence, USA

Geert Ritsema, International Affairs Coordinator, Friends of the Earth, NETHERLANDS

Paul Siegel, Conservationist, Dakar, SENEGAL

Richard Steiner, Professor, University of Alaska (ret.) Oasis Earth, Anchorage Alaska, USA

Dr. Makere Stewart-Harawira, Associate Professor University of Alberta, Edmonton, CANADA

Rev. David Ugolor, African Network for Environmental and Economic Justice (ANEEJ), NIGERIA

Dr. Geert van Vliet, Economist, CIRAD, FRANCE

Weirt Wiertsema, Senior Policy Advisor, Both Ends, NETHERLANDS

Nicholas Winer, Just Conservation, SPAIN

By John Donovan

Royal Dutch Shell CEO Peter Voser is reluctantly considering how best to wean Shell off the supply of blood tainted Iranian oil. Shell is one of the biggest consumers of Iranian oil – see article below.

The relationship between Shell and Iran has continued unabated for many years, while the fanatical Iranian regime has been busy using the funds generated to supply roadside bombs to kill and maim Nato soldiers in Iraq and Afghanistan and fund its Nuclear Bomb program. The oil revenue is crucial to Iran. Hence the sanctions and sanctions busting by Shell.

Trying to avoid the odium of its association with the mad mullahs, Shell resorted to subterfuge to disguise its shipments of Iranian crude.

There is speculation that Peter Voser has asked Khalid al Falih, head of Saudi Arabia state oil company Saudi Aramco, to supply oil to replace lost Iranian barrels. Mr Voser is quoted as saying: “We have a great partnership with Saudi Aramco worldwide.”

What he does not mention is that the Saudi regime is another brutal dictatorship, which just a few years ago blackmailed the UK into abandoning a criminal investigation into corruption surrounding the Saudi Royal family. Shell was a key player in the AL-Yamamah oil for arms scandal.

Royal Dutch sees EU Iran sanctions pushing up oil prices

Royal Dutch Shell will implement the terms of a European Union embargo on Iranian crude but will need some time to study details of the sanctions which are likely to push oil prices higher.

Mr Peter Voser CEO of Royal Dutch said that “We are a European company and therefore we are affected by the sanctions and we will obviously oblige and implement the sanctions. I need to study all the details in order to see how it goes forward in the next few months.”

Mr Voser said that “From a pure commercial prospective, the losers are consumers because at the end of the day it gives us more volatility and upwards pressure on the oil price.”

Industry sources said that Shell is one of the biggest consumers of Iranian crude oil taking around 100,000 barrels per day into Europe and about the same quantity into Asia under a deal with Japanese company Showa Shell that expires in March.

Mr Voser said that he had ‘spent quite a bit of time with Mr Khalid al Falih head of state oil company Saudi Aramco at the meeting of political and business leaders in Switzerland but declined to say if he had asked Saudi Arabia to supply more oil to replace lost Iranian barrels. We have a great partnership with Saudi Aramco worldwide.

(Sourced from Reuters)

SOURCE ARTICLE