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Posts Tagged ‘Beaufort Sea’

Shell’s spectacular belly flop into the Arctic Ocean

Even more troubling than Shell’s “Arctic-ready” armada problems is Shell’s spectacular failure of good judgment. To avoid an Alaska tax bill, company managers ordered its secondary drill rig towed south through the winter storm-lashed Gulf of Alaska despite the tug master’s prescient warning that: “the length of tow, at this time of the year, in […]

Donovan Verdict on Shell/Noble Arctic Crimes

By John Donovan People who are as familiar with Shell as I am, will know that Noble Drilling has stepped forward on commercial grounds to take the blame for the reckless screw-up that was actually directed by Shell, partly to evade tax. This was why Lawrence of Alaska (David Lawrence, the Shell VP supposedly responsible […]

Greenpeace Verdict On Shell/Noble Arctic Crimes

Greenpeace Arctic campaigner, Ian Duff, has issued the following statement: “Shell has proven time and again it can’t be trusted to manage its contractors safely. That Shell engaged Noble Drilling, a company now guilty of eight felonies, is the clearest indicator yet. Letting Shell back into such a precious and risky environment as the Arctic […]

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 […]

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’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 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 […]

Arctic Drilling: a spectacular failure of good judgment by Shell

Kim Elton accuses Shell’s management of “a spectacular failure of good judgment” and points out that “Company managers ordered the Kulluk towed south through the winter-storm-lashed Gulf of Alaska before the 2013 new year — partly to avoid Alaska taxes.” By John Donovan Kim Elton, a former senior adviser to the U.S. Department of the […]

Royal Dutch Shell News Monday 29 Sept 2014

By John Donovan A selection of current news articles about Royal Dutch Shell from around the globe: Oil price fixing According to a Bloomberg article published by energyvoice.com, the UK is considering whether to criminalize manipulation of the world’s most-traded crude-futures market. Extract The UK is toughening the rules after the rigging of Libor and […]

Shell shareholders can only wish that they had never heard of Alaska

By John Donovan Christopher Helman of Forbes has neatly summarised the misadventures of Royal Dutch Shell in Alaska… “Consider for a second the $5 billion misadventure that Royal Dutch Shell has had in Alaska. Here’s a quick recap: In 2008 Shell acquired the rights to exploration blocks in the Beaufort Sea north of the North […]

Potential serious impact on Shell from new Sanctions on Russia

American and European explorers such as Exxon and Royal Dutch Shell Plc , which is drilling in Siberian shale rock formations, will have to act fast to avoid violating the bans. “Those new sanctions imposed on Russia by the U.S. and Europe on Friday will, among other things, force Exxon Mobil, Royal Dutch Shell… and […]