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Posts Tagged ‘Ben van Beurden’

Inquest on BG Group/Shell merger

Even the remuneration committee’s ethics were questionable as they acted with impunity by awarding obscene annual bonuses to executives, despite multiple fatalities at operational locations.

By John Donovan

Further comments have been posted overnight on our Shell Blog in an ongoing discussion about Shell’s controversial takeover of the BG Group. To my certain knowledge Shell had its eyes set on British Gas back to at least the mid 1990’s. An important meeting I had in July 1995 with the then Chairman and Chief Executive of Shell UK Limited Dr Chris Fay was interrupted by matters relating to British Gas. A takeover bid was being actively considered. It was not until Ben van Beurden became Shell’s CEO that anyone at Shell had the guts to take a gamble. And it is a gamble. Oil prices are on the brink of a possible and even likely collapse. BTW, I very much agree with the comments made by “regular browser” about Shell’s claimed business principles. read more

Shell news update 4 May 2017

Shell Pumps a Torrent of Cash as Takeover, Cost Cuts Pay Off: Bloomberg.com: 4 May 2017

The Anglo-Dutch company’s performance helps validate Chief Executive Officer Ben Van Beurden’s $54 billion purchase of BG Group Plc — for which some shareholders complained he overpaid — and the deep spending cuts and asset sales he undertook to protect the balance sheet.

Nigeria: Despite Malabu Scandal, Shell, Eni Will Continue to Operate OPL 245 – Govt: Premium Times: 3 May 2017

The Federal Government says the Zabazaba deepwater project in Oil Prospecting Lease (OPL) 245 will continue in spite of controversies surrounding the oil block.

How Earthquakes Might Be Crimes in Netherlands: Bloomberg.com: 3 May 2017

Can a natural disaster be a crime? That’s the question in The Netherlands, where an investigation has been ordered into whether Royal Dutch Shell Plc and Exxon Mobil Corp. are criminally responsible for earthquakes triggered by production at Europe’s largest natural gas field, Groningen. Some of the earthquakes have been strong enough to damage homes… read more

Steve Phimister, mastermind behind Shell’s takeover of BG Group?

By John Donovan

Yesterday, the sub-headline in a PR article about Steve Phimister published by EnergyVoice.com proclaimed: “The mastermind behind Royal Dutch Shell’s £36billion takeover of BG Group has been appointed to the board of industry trade association Oil and Gas UK”.

I wondered if the very impressive claim, perhaps made in the heat of excitement about his latest appointment, might upset his boss, Shell CEO Ben van Beurden, who might believe that he masterminded the deal, not Phimister. Lo and behold the claim vanished overnight from the online article without explanation. read more

More analysis of wiretapped BvB/Simon Henry phone call

By Bill Campbell (Retired HSE Group Auditor Shell International)

I have read through the Ben van Beurden/Simon Henry phone transcript but frankly cannot understand the apparently relaxed attitude, with many chuckles and laughter on the phone.

It seems clear also that RDS had been or were still pursuing some kind of internal investigation into the matter.

They raised but then thought lightly it would seem, of the emails that are incriminating, as though these did not involve their own employees whether direct or indirect, ex MI6 etc. read more

Ben van Beurden distracted by a wiretapping incident

Extract from an email reply sent by John Donovan, 18 April 2017

Sorry, Sheikh Irfan Abdullah

If the Chief Executive of Royal Dutch Shell Plc cannot even be bothered to give you the courtesy of a response, there is nothing I can do other than publishing this correspondence, including your complaint. I guess he must have other matters to deal with that he considers more important. He has recently suffered the embarrassment of being caught in a wiretap intercept instructing a fellow Shell director to withhold any Shell internal evidence from police investigating a $1.3bn Nigerian corruption scandal in which Shell is a key player. Hence his distraction. Poor chap panicked after Shell HQ offices were raided.  read more

Unsubstantiated allegations against Shell CEO Ben van Beurden

By John Donovan

On 13 April I received a serious allegation by “David Byrne” made against Shell CEO Ben van Beurden. It was submitted for posting on the Shell Blog.

The comments in question will not be published unless verifiable supporting evidence is supplied. In that event, I would investigate further. I invite “David Byrne” to provide such evidence.

As far as I am aware in relation to the OPL 245 corruption scandal, BvB is guilty only of cover-up tactics, gross hypocrisy and a failure to take proactive measures to deal with the unfolding PR debacle. read more

New leaked emails put Shell at centre of billion dollar bribery scheme…

READ ATTACHED SENSATIONAL 12 PAGE DOCUMENT INCLUDING SHELL INTERNAL EMAILS FROM SHELL’S FORMER MI6 AGENTS

By Barnaby Pace

Oil giants Shell and Eni knowingly participated in a vast bribery scheme for one of Africa’s most valuable oil blocks which deprived Nigeria and its people of $1.1billion, an exposé by Global Witness and Finance Uncovered reveals today.

New, leaked internal emails seen by Global Witness and Finance Uncovered show that Shell’s most senior decision-makers knew that the money they paid for oil block OPL 245 in 2011 would go to convicted money launderer and ex-Nigerian oil minister Dan Etete – rather than to benefit the Nigerian people. read more

Shell News Wednesday 5 April 2017

Shell oil sands exit, mired in OPL 245 scandal, wary over Iranian Oil

Links below to a selection of news stories posted on
our sister website royaldutchshellgroup.com.

They include, among other developments, news that Shell is rightly wary of buying more Iranian crude oil. This is because of the legal minefield relating to sanctions. 

Also coverage of the latest news about the OPL 245 Nigerian corruption scandal involving Shell and ENI.

Plus Shell’s fire sale of most of its Canadian oil sands operations and the jump in total pay for Shell CEO Ben van Beurden, an issue likely to be raised at the forthcoming AGM.  read more

Shell Multimillionaire CFO Simon Henry Departs Today

UPDATED WITH MORE LINKS: “Simon Henry has loads of money now. Plenty to pay lawyers to sue me for defamation if anything I have stated is untrue. He also has me to thank for the above Daily Mail article.”

By John Donovan

Despite his well-documented role in the Shell oil and gas reserves scandal over a decade ago, Simon Henry clung on and ended up hitting the jackpot when appointed Chief Financial Officer of Royal Dutch Shell Plc. He is departing that job today but will become an employee of Shell International Limited on 1 April 2017, April Fools Day, for a two-month “transition” period. Perhaps he needs the time to count his cash while having a good laugh at Shell investors.

Many millions of dollars including payment for loss of office, various bonus payments and yet more millions from the sale of some of his shares – two helpings, each for over £1m. read more

Dysfunction Crisis and Scandal at Shell Norway

Printed below is an EnergyVoice.com article about defects found at Shell’s Norway gas plant. These were uncovered during a recent inspection carried out by The Petroleum Safety Authority of Norway.

Actually, the situation is far more serious. On Saturday I supplied certain related information to Ben van Beurden just in case he has been kept in the dark. The ball is in Shell’s court.

Shell knows I intend to publish an array of leaked communications and other information they would prefer to keep secret. read more

Royal Dutch Shell CEO: Dividends No Longer No.1 Priority

One of our regular contributors has picked up on a priority switch by Shell senior management which may frighten shareholders in Royal Dutch Shell Plc.

During an interview with Michelle Fox of CNBC earlier today, Ben van Beurden the Chief Executive Officer of the company said: In terms of debt paydown and covering of dividends two important priorities – Debt No 1, Dividend No 2. 

Michelle Fox asks… When you say Dividend is number two does this mean you could change the level going forward?  Mr Van Beurden made reassuring noises about the dividend but noticeably did not backtrack on his relegation of dividend payment levels to being a

secondary priority read more

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