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Posts under ‘Marvin Odum’

Royal Dutch Shell Plc News Roundup Sat 4 Sept 2014

Royal Dutch Shell Plc CEO Ben van Beurden says he can’t deny returns are too low By John Donovan Mixed fortunes for Shell in the last few days.  Ben van Beurden says he can’t deny returns are too low Royal Dutch Shell CEO Ben van Beurden has admitted to the Wall Street Journal that he […]

Shell drills deeper in the Gulf of Mexico to meet demand

Extracts from a Telegraph article by Scott Campbell published 19 July 2014 It is with some pride that Marvin Odum, the president of Shell Oil and director of its upstream business in the Americas, talks about the rapid pace at which his company is reaching new depths in the Gulf of Mexico. “More people have […]

Shell Tackles Climate Change

Extract from an article published 1 July by Financialbuzz.com According to Shell (NYSE: RDS), economic development and growth in population are feeding the energy demand. Fossil fuels meet the maximum component of the demand. However, to avoid climate change, the carbon dioxide emissions must be reduced. Marvin Odum, President of Shell Oil has publicly announced […]

Marvin Odum speaks out

Article by M. Nadeem published 27 June 2014 by insider monkey.com under the headline: “Royal Dutch Shell plc’s Subsidiary Shell Oil Company President Marvin Odum Discusses Energy Industry State” In a Fox News’ Opening Bell program on June 27, Shell Oil Company’s, a subsidiary of Royal Dutch Shell plc), President, Marvin Odum, talked about the […]

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 […]

Why wasn’t Marvin Odum fired after the Alaskan debacle?

Extracts from an article published on Thursday 13 March 2014 by Rigzone.com under the headline: “Shell Looks for Tighter Grip on Upstream Americas” Shell CEO Ben van Beurden commented: “Shell has a strong asset base and industry leadership in many of its growth themes. While this position of strength gives confidence for the future, it […]

Shell halts work on Pierre River oil sands mine in northern Alberta

Jeff Lewis | February 12, 2014 5:18 PM ET CALGARY – Royal Dutch Shell PLC told regulators it is halting work on its Pierre River mine in northern Alberta’s oil sands and that it has no idea when it may revive the blueprints. The Hague-based company this year cancelled plans to drill in Alaska’s Arctic and […]

Shell EP: The lame being led by the blind

So the shock of not becoming number one was too big for Andy Brown. I wish him a speedy recovery and thereafter he should go spend quality time with his family and enjoy his earnings. Wetselaar is no doubt a brilliant finance man. But a finance man is really a failed banker, not good enough […]

Shell CEO Peter Voser: Did he jump or was he pushed?

Why would the issue of payment for loss of office even arise? Perhaps I am wrong but I am left with the impression that his early departure was by mutual consent and on the basis of no compensation for loss of office? In other words the board wanted him to leave early and he agreed? […]

Shell train wreck in sight?

TIME TO PUT ON THE HARD HATS? Overall, Shell’s strategy now seems to involve stopping capex and unloading assets in something resembling a fire sale – perhaps to cover the losses in the US, perhaps because it sees a need to fight off a hostile takeover, or perhaps because of the potential liabilities if it […]

Voser’s on the way out…. let’s book the losses!

The people who will really be laughing are those who sold the US prospects to Shell over the past few years. These assets were acquired by Shell at a cost of several billion dollars right at the top of the market. FROM A SHELL RELATED SOURCE Looks like Ben van Beurden is going to be […]