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Posts Tagged ‘Arctic Ocean’

Sad faces at Shell?

Last month, the suits over at Shell put on their sad faces and went to the White House to ask for more time to burn through another billion or two. I tell ya, these guys are gluttons for punishment. After eight years and more than $6 billion, Shell has come up completely empty on its […]

Drilling in Alaskan Arctic relatively easy said Shell VP before being fired

By John Donovan According to a recent article published by Bloomberg – Shell Seeks to Drill in Arctic in 2015, Defying Green Activists – Shell CFO Simon Henry, calling on all his vast experience as an accountant, voiced the opinion that it is not difficult to drill in the Arctic. His assessment is surprisingly similar […]

US District Judge Adamant On Earlier Ruling Over BP’s Mexican Oil Spill

    US district judge Carl Barbier has refused to change his ruling over BP‘s Gulf of Mexico oil spill, claiming that BP got what it deserved Published: November 15, 2014 at 8:43 am EST By: Micheal Kaufman FULL ARTICLE RELATED ARTICLES – WHAT HAPPENED TO BP IN THE US COURTS COULD HAPPEN TO SHELL […]

Shell also had a bad day in the US courts

By John Donovan Today’s headlines about Shell’s PR debacle arising from a case in UK courts about Shell’s lying, cheating, and related environmental crimes in Nigeria, have an echo in Shell’s failed machinations in the USA courts. Shell lawsuit against environmental groups ruled unconstitutional: LA Times On Wednesday, a federal appeals court called Shell’s legal strategy […]

Shell hypocrisy on climate issues

“I didn’t know Shell was sponsoring this conference when I agreed to do it, but I’m glad for the chance to say in public that Shell is among the most irresponsible companies on earth. When they write the history of our time, the fact that Shell executives watched the Arctic melt and then led the […]

Shell’s own goals in the Arctic: Over to you, Ann

US authorities say a desire to avoid taxes lead Shell to move an oil rig in rough seas in 2012, which lead to its grounding. Extract from an article published in The Sydney Morning Herald, 3 November 2014 When Ann Pickard says how sorry she is to be leaving the Westpac board after its shareholder […]

Shell’s Simon Henry says its not difficult to drill in the Arctic Seas

How reassuring. According to a Bloomberg article, Simon Henry, a mathematician, accountant, and the Chief Financial Officer of Royal Dutch Shell Plc, has stated in relation to drilling for oil in Arctic seas,  off Alaska – “Its not that difficult to drill up there.” The long term bean counter is also quoted as saying “Thirty […]

American as Chairman Good Politics for Shell

From a Regular Contributor I see Shell got an American as its new chairman. (Chad Holliday right). Not certain that is good news for the shareholders, although it is clearly good politics. Shell needs extensions to its leases in the Arctic and with an American arguing the issue they might succeed. If he saves Shell’s […]

American, Chad Holliday, replacing Jorma Ollila as Shell Chairman

By John Donovan Chad Holliday, the former chairman of Bank of America, is replacing the Finn Jorma Ollila as chairman of Royal Dutch Shell Plc. Before his four year stint as chairman at Bank of America, Holliday was chairman and chief executive of Dupont. Commenting, Mr Ollila said, ‘I am delighted that the Board has […]

Big oil is exposed to falling prices who can survive?

BRENT CRUDE PRICES HAVE SLUMPED SINCE PEAKING AT $115 IN JUNE By John Donovan The news media is waking up to the potential seismic impact on big oil from falling oil prices. Our headline – “Big oil is exposed to falling prices who can survive?” – is taken from an article by John Ficenec published […]

Shell’s Arctic Machinations

The environmental group Oceana has obtained a copy of a letter from Shell to the U.S. Dept of the Interior revealing that the oil giant is seeking to pause Shell’s leases for five years. Approval would effectively extend the current drilling deadlines.  Shell’s plans to drill off the Alaska coast have already been heavily delayed […]