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Posts Tagged ‘Ben van Beurden’

Shell Takes a Last Exit From Mideast Oil — WSJ

By Sarah Kent and Benoit Faucon

LONDON — Royal Dutch Shell PLC is giving up on its last oil fields in Iraq, leaving the world’s second-biggest oil company with a dwindling footprint in the Middle East — a region it helped build into a petroleum powerhouse. Shell said Monday it is selling for an undisclosed amount a stake in the West Qurna 1 oil field in Iraq to Japan’s Itochu Corp., the latest step in a gradual retreat from the region. The company is also expected to give up its holding in Iraq’s Majnoon oil field later this year, though it will retain its natural-gas interests in the country. FULL ARTICLE read more

Financieele Dagblad: Shell is fully committed to oil and gas from shale

Printed below is an English translation of an article published by the Dutch equivalent of the Financial Times, Financieele Dagblad under the headline “Shell is fully committed to oil and gas from shale“.

By Bert van Dijk  Energy Editor

Shale gas and shale oil may then have a negative sound in Europe and hardly play a role, governments in the US, Canada, China and Argentina do see a lot of it. Shell hopes to benefit from this favorable investment climate in the coming years, especially now that the company has drastically reduced the costs of extracting shale gas and oil in recent years. read more

Shell share price: Group’s future growth to depend on shale

Oil major’s disposals continue with stake in Dutch wind farm

by Tsveta ZikolovaMonday, 08 Jan 2018, 08:58 GMT

The growth of Royal Dutch Shell’s (LON:RDSA) oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. In a separate development, Reuters reports that the energy major has inked a deal to offload a stake in a Dutch wind farm.

Shell’s share price has been little changed this morning, having inched 0.04 percent lower to 2,529.00p as of 08:24 GMT. The group’s shares are marginally outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.15 percent lower at 7,712.82 points. read more

Shell Chief Van Beurden Favours Shale For Future Growth – FT

  Mon, 8th Jan 2018 07:34 LONDON (Alliance News) – Royal Dutch Shell PLC Chief Executive Ben van Beurden said the company’s growth in the next decade will depend on shale production, the Financial Times reported Sunday.

According to the newspaper, van Beurden sees “chemicals, electricity and biofuels as key sectors for Shell’s long-term future”. Depending on the price of oil in the 2020s, the CEO said, the oil major would probably want to continue investing in shale “because we will really want to grow this business quite quickly”.

Van Beurden said Shell has been working hard in the past few years to reduce shale production costs, and with “a little bit of help from the oil price going up, we now see that we can significantly accelerate investment into this opportunity”. read more

Shell looks to shale production for rapid growth

in New York: Sunday 7 Jan 2018

The growth of Royal Dutch Shell’s oil and gas operations in the next decade will depend on shale production, its chief executive has said, in the latest sign of western energy groups pinning their hopes for expansion on those “unconventional” resources. Ben van Beurden told the Financial Times that he saw chemicals, electricity and biofuels as key sectors for Shell’s long-term futureFULL FT ARTICLE

BACKGROUND TO SHELL’S 25 YEAR FEUD WITH JOHN DONOVAN

Definition of feud – a prolonged and bitter quarrel or dispute.

By John Donovan

My families relationship with Shell has been described in the Times Newspaper as a war and a public feud.

Prior to the outbreak of hostilities, we actually got on very well with Shell.

A sales promotion company my late father and I co-founded in 1979 (Don Marketing) was responsible for many spectacular Shell promotions in the UK and around the world.

Our award winning “Make Money” game in the 1980’s caught the public imagination and pushed up Shell’s petrol sales by 30%. It is recognised by industry experts as being the most successful promotion in the history of sales promotion. We also ran it for Shell in overseas markets. read more

OPL 245: Shell Den Haag HQ was raided by 60 investigators

Snippets from an article originally published by Dutch magazine Vrij Nederland on 9 November 2017. Translated from Dutch to English by Iefke Prins.

Clearly, Shell has played a crucial role in criminal activities; ‘the most important decisions were made at the headquarters in Den Haag’; Top management at Shell looked the other way and did not want any contact with Etete’; In the early morning of 17 February 2016, thirty tax authority investigators together with thirty Italian colleagues raided the Shell headquarters at the request of the Italian prosecutor. In the directors’ offices, 1800 pages of documents and e-mails were seized.; According to the e-mails, Shell was very much aware that Etete was corrupt.; On the day of the raid on Shell’s offices, the company’s CEO Ben van Beurden’s phone was wiretapped by Dutch police. In a leaked conversation with CFO Simon Henry, he mentioned ‘unhelpful e-mails’ from Copleston, who speculated ‘who would get paid what’. Van Beurden chalked up the conversations as ‘pub talk’, which he called ‘foolish’. He also decided that it would be better if the raid would not be reported to shareholders.; He instructed CFO Henry to ‘not voluntarily say anything other than what’s being asked’ to the authorities.; Shell’s behavior is all the more striking because the company was already under enhanced control by US authorities because of another Nigerian corruption case.

FULL ARTICLE BELOW

Bags filled with Naira’s were divided amongst politicians. Photo: Shuttershock.

A scheme to purchase an oil field from a corrupt Nigerian former minister of oil was devised and approved at Royal Shell’s headquarters in The Hague. The complete file landed on journalist Harm Ede Botje’s desk. A reconstruction.

A raid on Shell’s headquarters, two former UK Secret Service MI6 agents negotiating with a corrupt Nigerian former minister of oil affairs on behalf of Shell, a former Russian ambassador intermediary in talks with the FBI, a fugitive Nigerian ex-Minister of Justice, millions of dollars in kickbacks for employees of the Italian oil company Eni, bags of Nigerian Nairas being divided among politicians and businessmen. They seem the right ingredients for a riveting thriller, but these events actually happened. read more

The Year We Lost God But Gained OilCoin

Royal Dutch Shell Plc’s CEO Ben Van Beurden was creating a stir of his own by talking about “lower-forever” oil prices. 

: Dec 28, 2017

God didn’t die in 2017, but he did throw his hands up. Andy Hall, the oil trader blessed with that nickname, caused a stir this summer by closing down his main hedge fund after long arguing for oil prices to rally and reportedly suffering big losses. Hall didn’t declare oil was dead; indeed, he warned his withdrawal could be a contrarian signal (which turned out to be prescient). Hall’s capitulation was a warning of a different kind. And while it may be mere coincidence, the appearance of something called OilCoin four months after God bowed out is a fitting coda. FULL ARTICLE read more

OPL 245: When will Shell CEO Ben van Beurden be forced to resign?

Listen to wire-tapped call implicating Ben van Beurden in OPL 245 corruption cover-up. 

By John Donovan

  • Hear an admission by BvB that Shell had not been open with the U.S. Dept of Justice in regard to a related Shell Nigerian corruption scandal already subject to a 61 page Deferred Prosecution Agreement.
  • Concern expressed by BvB over potential share-price sensitive fallout, rather than the obvious priority of being open with shareholders as pledged in Shell’s claimed business principles. 
  • Express instruction from BvB to Simon Henry at the close of the call: “don’t volunteer any information that is not requested.” How can that be construed other than as potential obstruction of an investigation involving police and the other important authorities BvB mentions. Significantly, Simon Henry did not resist that unethical and perhaps criminal instruction. Even if material evidence was discovered internally at Shell, the unavoidable implication was that its existence should not be disclosed to the police. That order came from the very top. BvB has not made an apology or comment on his instruction. 
  • Inexplicably, both BvB and Simon Henry chuckled at times during the discussion. Perhaps a case of Shell shock at the dawn raid carried out at Shell HQ earlier that day by an army of 60 investigators, which triggered the call?

Listen and read the proof in audio and transcript form confirming  current Royal Dutch Shell CEO Ben van Beurden and then CFO colleague Simon Henry have both been infected with the deeply ingrained culture of cover-up adopted by successive Shell executive directors.

At the time of the incriminating wire-tapped telephone conversation in Feb 2016, a police dawn raid had just taken place at RDS HQ in The Hague searching for evidence in relation to the OPL 245 billion dollar Nigerian oil deal corruption scandal. read more

“Follow This” movement trying to make a greener Shell with new shareholder resolution

Translated from an article published in Dutch language on 21 Dec 2017 by Het Financieele Dagblad

Shareholder movement “Follow This” will vote on a resolution at the shareholders’ meeting of Shell next year designed to make the company greener.

Shell has confirmed that the resolution will be put on the agenda.

Earlier resolutions of the movement did not succeed, because a large majority of shareholders voted against it. Last year, only 6% of shareholders voted in favor of the Follow-This resolution. read more

Shell’s Energy Transition Speeds Up

: 18 Dec 2017

Summary

  • Royal Dutch Shell doubled down on its previously-announced investments in clean energy earlier this month when its CEO told investors that it has raised this to $2 billion next year.
  • The company also announced its intention to reduced its greenhouse gas emissions by 50% through 2050.
  • While the success of Shell’s proposed energy transition remains uncertain, its plans reflect recent developments in the energy markets and multinational policymaking.
  • read more

    Shell worker victim of flagrant HSE breaches resulting in radioactive contamination

    The readings were literally sky high … over 6300 Counts per second with the presence of Alpha, Beta and Gamma radiation. the entire area was highly contaminated, but all warning signs had been removed and no personal protective equipment available. I do have a host of documentation to back up my case and I have been advised by my Member of Parliament and the Foreign and Commonwealth Office to pursue this issue due to the horrendous nature of the incident accompanied with the Duty of Care that “Shell” should have initiated to show that they are serious about protecting employees, contractors and joint venture personnel.

    By John Donovan

    The text in black italics above comes from an email I received on 27 November from a former Shell worker, Mr Keith MacDonald, who has a tragic tale to tell.

    In August 2000, Keith worked for Al Furat Pet Co (AFPC) in Syria. Shell has a major stake (32%) in the company. AFPC is managed by Syria Shell Development (SSPD). Syria Shell Petroleum Development B.V. operates as a subsidiary of Royal Dutch Shell plc. Furthermore, Mr. MacDonald received his instructions at AFPC directly from Shell managers. He was to all intents and purposes working for Shell.  read more

    Shell’s 1991 film warned of the catastrophic risks of climate change

    POSTING BY CHRISTOPHER IVES COMMENTING ON THE ARTICLE BY SHELL CEO BEN VAN BEURDEN, “A DECISIVE STEP TO A CLEANER ENERGY FUTURE

    Why does it take so damn long to make meaningful changes?

    I’m a 1965 Cambridge engineering graduate with an apprenticeship in thermal and nuclear plant manufacture/operation, followed by UK & Canadian experience in gas transmission & coal-slurry pipelines.

    By 1973 I saw the need for renewable & demand side technologies – even tried to move Esso/Exxon towards integrated solar & building systems. I’ve demonstrated 4 solar/healthy houses, one with containerised onsite utilities, now being built for Canada’s military, and for areas with failing or no infrastructure. read more

    A decisive step to a cleaner energy future

     Chief Executive Officer at Shell

    It’s time for Shell to accelerate its efforts in the transition to a lower-carbon world. This is how I plan to drive change through the company.

    How will a future CEO of Shell judge what I have just announced? Will they look back to the end of 2017 and consider it a turning point? In 20 years? 30 years? If things move as I expect, they probably will. By then, I believe Shell will be at least as profitable and successful as today but it will be a very different company.We will still have plenty of oil and gas in our energy mix but other areas of the business, which are small today, will have grown. That means Shell is likely to be highly involved in the generation, trading and distribution of renewable and low-carbon power. FULL ARTICLE read more

    Dutch law firm Prakken d’Oliveira Target of Shell Spying?

    Email Sent To Prakken d’Oliveira by John Donovan, Sunday 10 December 2017

    Be Warned: Your Law Firm is Almost Certainly Under Surveillance Again!

    As Prakken d’Oliveira is aware, for more than two decades I have operated websites focussed on the *global misdeeds of Royal Dutch Shell. In more recent years, mainly via my websites royaldutchshellplc.com and royaldutchshellgroup.com. I make the above warning based on my own experience during a long drawn out acrimonious relationship with Shell.

    Perceived as an arch-enemy, I have been the target of multiple spying operations carried out over many years at the behest of Shell senior management. I have irrefutable proof in the form of letters of admission by Shell and confidential Shell internal communications obtained in response to SAR applications under the Data Protection Act. UK police have carried out  investigations covering burglaries, threats of violence and repeated cyber attacks. read more

    Shell China Corruption Whistleblower, Robin Yu

    Shell China Whistleblower, Robin Yu

    By John Donovan

    Today, EnergyVoice.com published a denial by Shell in relation to its involvement in the Nigerian OPL 245 corruption scandal.

    Extract: “Shell attaches the greatest importance to business integrity. It’s one of our core values and is a central tenet of the business principles that govern the way we do business. “We have clear anti-bribery and corruption policies and a code of conduct. All employees around the world are expected to uphold these principles and comply with our policies and code – failure to do so will result in consequences up to and including dismissal.” read more

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