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Posts under ‘Shell Oil Reserves Scandal’

Shell facing up to 15 fraud claims

FROM OUR MARCH 2004 SHELL NEWS ARCHIVE EMBATTLED oil major Shell has been hit by at least 15 multi-billion-dollar claims of fraud, it has emerged. London Evening Standard: Shell facing up to 15 fraud claims James Rossiter, 10 March 2004 EMBATTLED oil major Shell has been hit by at least 15 multi-billion-dollar claims of fraud, […]

Shell seers who failed to predict Arctic debacle offer latest scenarios

By John Donovan Shell seers who failed to predict the reserves scandal and Shell’s Arctic meltdown, now offer their latest peek into the future. Past performance does not inspire confidence in their prophecies… The famed corporate crystal ball never revealed a world in which its so-called No.1 Enemy would be operating globally under the Royal […]

Shell Buckets, Superbuckets and Rustbuckets

How come that nobody dared say what everyone in the world saw (thanks to the Donovans) that you simply cannot go to this most sensitive area in the world with a couple of old rustbuckets? The timing of the most recent Shell reorganisation to buckets and superbuckets was very opportune. I wonder if there now […]

Is Shell Executive Director Matthias Bichsel Trustworthy?

Irrefutable evidence proves that Matthias Bichsel knew years before Shell investors that Shell had a major problem over its proven reserves bookings, which were not in compliance with the U.S. Securities and Exchange Commission rules. Like his colleague Simon Henry, the current CFO of Royal Dutch Shell Plc, he participated in the cover-up by not […]

Matthias Bichsel and the Shell reserves fraud

By John Donovan Within the next few days we will publish authentic Shell internal confidential emails and documents that provide irrefutable proof that like his fellow Royal Dutch Shell Plc executive director, Simon Henry, Matthias Bichsel (right) was aware years before the Shell reserves fraud became public knowledge, that Shell was cooking the books. Many […]



Shell Deeply Ashamed

FROM OUR NEWS ARCHIVE: LONDON EVENING STANDARD Wednesday, 27 October 2004 page 42 BUSINESS SECTION SPEAKING OUT “I’m convinced we have a lot of strengths. All of us are deeply ashamed about what happened about the reserves, but we are determined to regain our, position.” – Shell chairman Jeroen van der Veer on the oil […]

Starring Role of Shell CFO Simon Henry in Reserves Scandal

By John Donovan On 13 March 2009, the FT published an article about Simon Henry, who was about to become Chief Financial Officer of Royal Dutch Shell Plc. It said that he had survived the Shell reserves misreporting scandal with his reputation intact. On the basis of irrefutable Shell internal evidence, we take issue with that […]

Verdict on Royal Dutch Shell CFO Simon Henry

Shell internal email correspondence irrefutably proves that Simon Henry was aware in March 2002 that “reserves bookings were made that should not have been made”. Walter van de Vijver, the “sick and tired” Chief Executive of Shell EP, gave the information directly to him. As can be seen in the email, Walter van de Vijver aggressively […]

Shell reserves fraudster Rev Sir Philip Watts

By John Donovan An article published today by the Maidenhead Advertiser says the Rev Sir Philip Watts is taking up a new position as Priest in Charge of the Benefice of Waltham St Lawrence. He is still protesting his innocence in relation to the Shell reserves fraud and cover-up that resulted in him being forced […]

A word in your Shell-like

FROM OUR FEBRUARY 2005 SHELL NEWS ARCHIVE: “…we learned last year that the company leadership had been systematically lying to itself, its shareholders and wider stakeholders about the size of its oil reserves.”: “for years Shell lied about its sustainability as a business while preaching principles that it was betraying.”: “Shell had knowingly overstated its […]

Unsure of Shell

FROM OUR FEBRUARY 2005 SHELL NEWS ARCHIVE: A person close to the company said: “Without exception, every Shell person I have met recently has asked me if I am able to help them find something else. Others are leaving without even waiting to find another job.” By John Donovan Printed below is an article by […]

Signs of failure of the Royal Dutch Shell Empire?

The problem is when the corruption stems from the boardroom as witnessed by the lead up to the Shell reserves crisis and the protracted cover-up of the Shell Touch F*** All scandal, all is lost.  You only have to look at recent history of how organisations fail due to internal corruption of essential controls by […]

Desperation led to Shell’s plotting to exploit 9/11 attacks

BUILD UP TO SHELL RESERVES SCANDAL: Comments by leading Shell execs: “…the market will want to know whose head is going to roll for what they will see as blatant deception.”; “this is potential dynamite for management credibility and the share price”; “…how you have to break the detail of this news in September, assuming […]

Shell slight of hand with reserve estimates

By a former employee of Shell Oil Co (Name and contact details supplied to John Donovan) Back in the 1980’s Shell (and other major oil companies) were having problems with one of the major vendors that provided borehole wireline logging services. There were three of these companies at the time, but we need not mention […]

9/11 Terror Attack and the Shell Reserves Scandal

By John Donovan On Friday we published an article revealing Shell internal email correspondence, which provided proof that three weeks after the 9/11 terrorist attack on the USA, Shell executives were considering how Shell could exploit the horrific event for commercial reasons. As can be seen from the correspondence, the objective was to “buy us […]


“I found the emails interesting and indicative of the deception Shell management was clearly engaged in. They were trying to exploit the events of 9/11 to their benefit. What these emails could have done at the time they were written is cause Shell’s stock to drop significantly.“ By John Donovan I stumbled across some intriguing […]

Simon Henry feared Shell would ‘score an own goal’ on reserves

Simon Henry was at the heart of what was going on, conveying reserves data to the market while dealing with colleagues engaged in the fraud. We have to assume that none of them confided in him and that he was an innocent dupe. He was asking questions about accuracy of the reserves information, but some […]

New article about Shell CFO Simon Henry

Subject to any intervention/response by Shell, a new article about the starring role of Mr Simon Henry in the Shell reserves crisis will be published here at 4pm UK time today. By John Donovan Subject to any intervention/response by Shell, a new article about the starring role of Mr Simon Henry in the Shell reserves […]

Shell big investors in a revolutionary mood

Shell News, this day, 9 years ago: Shell investors were still in a state of shock over the dramatic disclosure that Shell had vastly overstated its proven oil and gas reserves. The main villain, the fraudster, Sir Philip Watts, was still Royal Dutch Shell Group Chairman. Lord Oxburgh was still backing him. Daily Mail: Rebels […]

Simon Henry and the reserves time bomb

Were they aware that Simon Henry was a key player, as Head of Global Investor Relations, in dealing with the reserves data and actually had responsibility to ensure the quality/accuracy of the data before it was disclosed to analysts and investors? As we all know, it turned out that some of the data was not […]

Short list of praiseworthy senior Royal Dutch Shell executives

Now we have his equally scandal tainted successor, Peter Voser, Chairman of the UBS Audit Committee at the time when UBS was engaged in all kinds of criminal activity. Posting on Shell Blog by LondonLad on Jan 17th, 2013 at 19:56 In all honesty can the Donovan’s kindly list some of the past and present […]

Chris Finlayson: One can of worms after another

Despite his scandal-ridden record at Shell, Chris Finlayson was recently appointed as Chief Executive of BG Group plc. We have already published articles relating to his involvement in the Shell reserves fraud and his time as head of Shell in Russia, when he played a starring role in the Sakhalin 2 debacle, which cost Shell […]

Candid testimony of Simon Henry about disgraced Shell EP Boss Walter van de Vijver

As can be seen in his testimony, Simon Henry deliberately limited the amount of time that Walter van de Vijver spent with UK and US investors, almost as if there was something to hide? Wonder what current Shell investors will make of that revelation? An insight into how Mr Henry thinks shareholders can be manipulated […]

Candid testimony of Shell’s Simon Henry about Sir Philip Watts

Q: Do you like Mr. Watts personally? A: It was difficult to like Phil.  He was not a guy you go for a beer with. …he was still running with that chip on his shoulder… He was a guy from the wrong side of the tracks. Candid (some might say indiscreet) testimony of Simon Henry […]

Investors howl for Shell’s blood

By John Donovan The current news about Shell’s Alaskan debacle is chilling, but not as bad as the news about the Shell reserves scandal exactly 9 years ago today. Monday, January 12, 2004 The Australian: Shell chief faces the axe Daily Mail: Heat is on Watts after Shell shock The West Australian: Investors howl for […]

Devastatingly bad news day for Shell 9 years ago: 10 Jan 2004

9th anniversary of a devastatingly bad news day for Shell and its shareholders exactly 9 years ago: 10 Jan 2004. How Shell blew a hole in a 100-year reputation. News of reserves fraud wipes 7.5% off shares, £8bn from value of oil giant. The Times: How Shell blew a hole in a 100-year reputation The […]

Why Shell does not sue the Donovans

By John Donovan I know that many people must be baffled why Shell does not take legal action against us bearing in mind that some articles authored by us may appear rather forthright.  The reason why we are not buried in Shell injunctions is because of meticulous research to ensure we can substantiate in court […]

Prophetic 2004 photograph of Shell Group Chairman Sir Philip Watts

Prophetic 2004 photograph of  the then Royal Dutch Shell Group Chairman and fraudster Sir Philip Watts (above) from a Sunday Telegraph article published on 18 January 2004 days after the Shell reserves scandal made news headlines around the world. Right, a photograph from 2012, also of Sir Philip, but rematerialized this time as the Rev. […]

Shell CEO Peter Voser tainted by UBS Scandals

Voser was said to have provided significant input to the stabilization of the scandal ridden Swiss bank. Ironic spin given that the Swiss Justice Minister warned only months later that UBS was in danger of collapse. It actually has a reputation riddled with more holes than Swiss cheese. In February 2008, Peter Voser was appointed […]


“With regards to the reserves fraud, Mr Finlayson was either part of the cover-up, or negligent in his fiduciary duties as a senior Shell executive, supposedly protecting the interests of investors”; “That should be of great concern to investors in BG Group. Surely the company could have found a new CEO untainted by scandal?” John […]

Jeroen van der Veer exit from Shell

I am only surprised that an ex CEO of Shell leaves the board at a young age. Is Jeroen washing his hands in innocence or trying to put light between him and Shell?? In the past they used to hang in there for long periods until they had to get up too often to take […]

Shell delays shareholder meetings

From the BBC News Archive: Shell delays shareholder meetings Oil giant Shell is pushing back the dates of its shareholder meetings amid ongoing uncertainty about its estimates of oil reserves. Friday, 26 November, 2004, 10:36 GMT The world’s third largest oil company said its shareholder meetings due in April will now take place on 28 […]

From Mammon to God: Oiligarchs beat the path from profit to pews

“Watts only ended his 35-year career with Shell because he was forced out over the 2004 oil reserves fiasco. News that the company had been overstating its reserves by 20 per cent caused Shell’s stock prices to fall by $15bn — yet Watts still walked away with a £1 million pay-off and a pension of […]

The Sins of The Reverend Sir Philip Watts

Update by John Donovan: Last week we revealed the latest incarnation of the disgraced reserves fraudster Sir Philip Watts, formally an arms supplier and human rights abuser in Nigeria, a spaceman and a notorious Group Chairman of Royal Dutch Shell Group. Sir Phil has now turned to religion in a big way.  Unfortunately the past […]

Ikea ‘deeply regrets’ use of forced labour: when is Shell going to apologise?

I wonder when Royal Dutch Shell is going to apologise for using Jewish forced labour at its German subsidiary Rhenania-Ossag… By John Donovan BBC News has reported that Ikea ‘deeply regrets’ use of forced labour. According to the report: Ikea gave contracts to the East German (GDR) government in the 1970s. Former political prisoners of […]

Can Shell placate environmental critics?

FROM OUR NOVEMBER 2004 SHELL NEWS ARCHIVE BBC2 TV Newsnight: Can Shell placate environmental critics? Hilton Kelley claims Port Arthur has been “devastated by pollution”. “We had a great community one time,” says Hilton Kelley “Sandwich shops, taxi stands, nightclubs – we had all these things. Now it’s devastated by pollution. “Many of the residents […]

Editorial Integrity of “A History of Royal Dutch Shell”

“In fact all three Shell members of the editorial committee, Watts, Van der Veer and Munsiff, had form in the culture of corporate cover-up and were therefore ideal from the standpoint of Shell to have editorial influence over inclusion (or non-inclusion) of the dark side of Shell’s history and how that information was treated (spun?)“ […]

How Shell’s Move To Revamp Culture Ended in Scandal

FROM OUR NOVEMBER 2004 SHELL NEWS ARCHIVE How Shell’s Move To Revamp Culture Ended in Scandal: “The root of the problem, however, goes significantly further back than Sir Philip’s reign, which began in 2001”: “These deeper roots are significant because the company has yet to make a full break with its past. Mr. van der […]

Disgraced former Shell Group Chairman ‘The Reverend Sir Philip Watts’


Watchdog’s bark far worse than its bite

From our November 2005 Shell News Archive The Times: Watchdog’s bark far worse than its bite “In the Shell case, the FSA had plenty of evidence of a conspiracy at the highest level against the interests of shareholders. The company’s own investigation unearthed compelling e-mail evidence, not least former exploration director Walter van de Vijver’s […]

Shell plays a blinder

From our November 2004 Shell News Archive Once again, you have to hand it to Shell for foresight, intuition and perspicacity. Alone among the world’s big oil companies, Shell managed to end up on the losing side of the American election, giving more to the Democrats than it did the (winning) Republicans, according to the […]

How Shell’s Move To Revamp Culture Ended in Scandal

FROM OUR NOVEMBER 2004 SHELL NEWS ARCHIVE How Shell’s Move To Revamp Culture Ended in Scandal Paddy Briggs, a retired Shell communications executive, recalls one event where he and about 40 executives were issued shovels and pick-axes and dispatched to a Dutch village to help it restore an old playground. The oilmen gave up around […]

All the worst Shell traits – secrecy, haughtiness, inertia

 From our Shell News Archive Sunday 31 October, 2004 The fallout from the Shell reserves fraud continues… The Independent On Sunday (UK): Business View: Shell’s real location problem is finding more black stuff: “The misreporting of reserves scandal showed all the worst Shell traits – secrecy, haughtiness, inertia.”: “So what’s the hurry? Was it because […]


FROM OUR OCTOBER 2004 SHELL NEWS ARCHIVE Friday 29 October, 2004 – A DREADFUL DAY FOR SHAREHOLDERS IN SHELL TRANSPORT AND TRADING COMPANY PLC The Times (UK): The Hague for head office: “ALTHOUGH it maintains otherwise, Shell is effectively going Dutch…”: “From May, the big decisions will be taken by a new board in The […]

Shell stuns City with revamp

From our October 2004 Shell News Archive London Evening Standard: Shell stuns City with revamp “The troubled group wants to draw a line under its devastating oil and gas reserves crisis earlier this year by creating a new £100bn holding company, Royal Dutch Shell Plc.”: “Buried deep in the results statement, Shell said it was […]

Royal Dutch/Shell to merge

From our October 2004 Shell News Archive Royal Dutch/Shell to merge Netherlands HQ ‘not a victory for the Dutch’: “Yet Shell’s governance scheme wasn’t without a few surprises, chiefly that the headquarters will be based in The Hague, Netherlands along with two of the group’s three main businesses.” By Emily Church, Oct. 28, 2004 LONDON […]

Shell chairman deeply ashamed about reserves fraud

From our October 2004 Shell News Archive London Evening Standard: Market Report: SPEAKING OUT “All of us are deeply ashamed about what happened about the reserves, but we are determined to regain our position. — Shell chairman Jeroen van der Veer on the oil giant’s attempts to put its misdemeanours behind it” Market Report By […]

Tarnished Shell seeks to be born again

From our October 2004 Shell News Archive The Independent On Sunday (UK): Tarnished Shell seeks to be born again Tim Webb on the oil giant’s attempts to put scandal behind it and give itself a facelift: “Shell directors have spent the last year reading the newspapers about how bad they are,” he says. “The last […]

The new Untouchables

From our October 2004 Shell News Archive Daily Mail (UK): The new Untouchables “Sir Philip Watts, former chairman of Shell, plainly hopes that the checks and balances of British corporate justice will save him from the hands of the Securities and Exchange Commission (SEC).”: “The quarrel has a hidden significance. Watts is personally under investigation […]

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