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Posts Tagged ‘Peter Voser’

Shell’s dismal track record on transparency

“Shell is very different from Enron. We were criticized for that some time ago and I’’m glad we have a absolutely rock-solid way we do business. It’s all completely transparent, as far as Shell is concerned.”

By John Donovan

Following publication of my article Shell false pledges of transparency and openness contributors to this website have been accused of hating Shell. That is not the case.

Many of us do, however, take great exception to the hypocritical claims made by successive RDS Chairman and CEO’s over many years that Shell operates within an ethical code – the General Business Principles – which includes a pledge of transparency.

Shell Group Chairman Sir Mark Moody-Stuart preached transparency while conspiring with senior colleagues to hide information from Shell shareholders. read more

Nigeria: Rethinking NNPC’s Oil Search in the North

Screen Shot 2016-08-23 at 11.21.47The Niger Delta, which largely dominates the oil-rich Gulf of Guinea, did not join the league of other oil-producing regions in the United Kingdom’s North Sea, United States’ Gulf of Mexico and the Middle East’s Persian Gulf through the efforts of the federal government or the Nigerian National Petroleum Corporation (NNPC).

It was the private sector-led initiative that catapulted the Niger Delta to its current influential position in the global energy dynamics.

The NNPC, which started as the Nigerian National Oil Corporation (NNOC), established by Decree No. 18 of 1971 before the NNPC Decree of 1977 was promulgated, did not initiate the search for crude oil in Nigeria. read more

Is this the beginning of the end for Royal Dutch Shell plc and BP plc?

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By Rupert HargreavesThe Motley Fool  Aug 4, 2016

Over the past 10 years, the oil industry has changed dramatically. Technological advances have helped reduce the cost of extracting oil from unconventional sources significantly, and as oil prices have plunged over the past two years, shale oil producers have ploughed more time and resources into pushing costs even lower.

As a result of this unrelenting drive to reduce costs and improve efficiency, it’s estimated that the majority of US shale fields can break even with oil at $60 a barrel. Scott Sheffield, the outgoing chief of Pioneer Natural Resources claims that Pioneer’s pre-tax production costs have fallen to $2.25 a barrel. read more

Shell misses expectations with 70 percent earnings plunge

Screen Shot 2016-07-28 at 08.37.58By REUTERS: PUBLISHED: 08:16, 28 July 2016

By Karolin Schaps and Dmitry Zhdannikov

LONDON, July 28 (Reuters) – Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analyst estimates, blaming weak oil prices, poor refining profits and higher charges resulting from its $54 billion acquisition of BG Group.

Shell’s current cost of supplies — its definition of net income — came to $1 billion in the second quarter, compared with analyst expectations of $2.2 billion and $3.8 billion achieved the same time last year. read more

Shell cuts spending as profits fall

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The oil firm said it would reduce investment to $30bn from a planned $33bn, after coming under pressure from shareholders to cut costs.

Shell also said profits in the three months to March had fallen to $800m from $4.8bn a year earlier.

Oil prices have fallen sharply over the past 18 months.

On average, in the first three months of 2016 oil prices stood at about $35 a barrel, down from a peak of $115 a barrel in June 2014.

Excluding one-off items, Shell’s preferred measure of profit, earnings fell to $1.6bn from $3.8bn in the quarter. read more

Shell’s BG bid dealt blow with first shareholder dissent

Screen Shot 2016-01-08 at 21.15.50Standard Life Investment’s announcement came on the same day influential shareholder advisory firm Institutional Shareholder Services (ISS) endorsed the deal, saying the downturn in oil markets did not detract from its strategic benefits.

The first public sign of dissent from a key investor was unlikely to scupper Chief Executive Ben van Beurden’s drive to win the required shareholder support in a Jan. 27 vote.

Few investors or analysts have openly challenged the deal’s strategic benefits for Shell, which will become the world’s top liquefied natural gas trader and a major offshore oil producer. read more

In defence of Shell CEO Ben van Beurden

By a regular contributor

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Only one member of the EC is directly involved in North American activities, Marvin Odum. 

Perhaps worth noting is that investment decisions on the scale of the recent Shell write-offs would have required approval by the entire EC in the Hague long before BvB was around. Few of the EC members who made those decisions are still present. 

It seems strange that so many of the huge projects which have been abandoned are in North America, and serious questions need to be asked about why approval was given by the EC for these huge projects. Only one member of the EC is directly involved in North American activities, Marvin Odum.  read more

PETER VOSER JOINS ANOTHER SCANDAL RIDDEN COMPANY 

By John Donovan

A posting today on our Shell Blog…Screen Shot 2014-12-18 at 17.05.41

When Peter Voser’s departure as CEO was announced, it was explained that Peter wanted time for his family, hobbies and to give back to society. Today it was announced that he’s being proposed as Chairman of ABB (his previous employer) and he also took a directorship at a Singaporean Sovereign Invetsment house some months ago. This makes his departure story look suspicious. Maybe the board was aware that he overpaid for unconventional acreage in the USA and that his China adventures were quickly going nowhere but down. Is it time for the RDS board to be a bit more forthcoming with its justification? read more

CEO Ben van Beurden too honest to sign Shell’s Business Principles?

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Screen Shot 2014-10-30 at 09.22.43By John Donovan

It is a year since Peter Voser left his job as Chief Executive of Royal Dutch Shell Plc to allegedly spend more time with his family. Soon after his surprise early exit, Shell announced a profits warning. 

Leaving that contentious issue to one side, I am puzzled that his replacement Ben van Beurden has still not put his name and signature  to the Shell General Business Principles document.

As can be seen, as of todays date, it is still displayed on shell.com signed by Peter Voser in his capacity as Royal Dutch Shell Chief Executive Officer. read more

OSSL BLACKMAIL PLOT AGAINST SHELL

Screen Shot 2014-11-16 at 23.49.54To its credit Shell has not given in to the subsequent money demands, but neither has it apparently reported the matter to the Irish Police. One can see the difficulty. How do you go about asking the Irish police to investigate a blackmail plot over free alcohol worth over €35,000 given to the Irish Police accused of being “Shell’s Cops” and acting brutally towards people protesting against the controversial project?

JOHN DONOVAN EMAIL TO SUPERINTENDENT PATRICK DISKIN OF THE IRISH POLICE, THE GARDA

From: John Donovan <johndonovan@me.com>
Subject: OSSL BLACKMAIL PLOT AGAINST SHELL

Date: 16 November 2014 20:43:08 GMT
Cc: michiel.brandjes@shell.com, Ed Vulliamy <ed.vulliamy@guardian.co.uk>, Lorna Siggins <lsiggins@indigo.ie>, Dan Griffin <dgriffin@irishtimes.com>, Áine Ryan <aineryan@mayonews.ie>, Paul O’Donoghue <paulodonoghue93@gmail.com>, “Boucher-Hayes, Philip” <pbh@rte.ie>, Olga Cronin <olgacronin@gmail.com>, Erlend Skarsaune <erlend.skarsaune@aftenbladet.no>
To: patrick.diskin@garda.ie read more

OSSL Blackmail Plot Against Shell?

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By John Donovan

Since 22 October 2014 I have been updating an article posing the question: “Shell being blackmailed?”

Top people at Royal Dutch Shell  have all spoken directly to a director of a former Shell “Mr Fixit” company in Ireland, OSSL, which has bombarded Shell with money demands to settle a dispute that Shell says it has already settled.

To be specific, Desmond Kane of OSSL has spoken in person to Peter Voser, Ben van Beurden, Jorma Ollila, Michiel Brandjes, Michael Crothers (and other senior people at Shell). read more

Objection to Divestment of Shell Oil Blocks in Ogoniland

Screen Shot 2014-10-26 at 00.39.59National Union of Ogoni Students’ USA

3747 W. 138TH Street, Crestwood Illinois 60445, Tel. 1-(888) 610-5590, email – nuos.intl@gmail.com

Press Release

10/25/2014

CAVERT EMPTOR: Divestment of Shell Oil Blocks: Oil Mining License 11 not for sale

We, the Ogoni students in Diaspora under the National Union of Ogoni Students’ (NUOS INTL), USA on behalf of the Ogoni people, distance ourselves from the ongoing Shell Oil Company’s secret divestment and sale of assets in oil and gas in Nigeria. These secret sales should not extend to Oil Mining License (OML) 11 in Ogoni its enclave. read more

Shell being blackmailed?

Screen Shot 2014-10-22 at 08.24.58UPDATED FRIDAY 24 OCTOBER 2014 – SEE BLUE TEXT BELOW

ORIGINAL ARTICLE PUBLISHED 22 OCTOBER 2014

By John Donovan

There is evidence, some of it covertly obtained, that Royal Dutch Shell Plc may be the victim of a sustained blackmail operation.

Shell has not called in the police to investigate. Why not? Because certain information held by the party making repeated money demands to Shell, including directly to Ben van Beurden and other senior Shell executives, is true and if the current cover-up unravels, will result in a scandal of epic proportion involving Shell and a host government. read more

Shell 15 page confidential statement about OSSL allegations

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By John Donovan

I have provided a link to a 15 page document dated 3 October 2014, which Shell supplied to OSSL, the Irish company that has made serious allegations against Shell.

The information in the document may be of interest to some readers who have followed the long running saga and likewise newspapers and TV and radio stations who have covered the story.

As will be seen, Shell repeatedly states that OSSL has demanded money from them when all claims by OSSL against Shell have, according to Shell, already been settled.  read more

VICTIMIZATION OF EMPLOYEES RAMPANT AT SHELL-MOTIVA NORCO SITE

Screen Shot 2014-09-19 at 19.20.35The article printed below was supplied to the Company Secretary & General Counsel Corporate of Royal Dutch Shell Plc., Mr Michiel Brandjes, on Monday 15 Sept 2014. I asked Mr Brandjes to also bring the article to the attention of Royal Dutch Shell CEO Ben van Beurden and the Shell-Motiva Security Supervisor named in the working headline. The parties were given the opportunity to take issue with the stated facts, comment and/or take legal action to prevent publication. No response has been received. It follows that Shell has also not disputed the authenticity of quoted internal email correspondence. Readers are free to draw their own conclusions.

WORKING HEADLINE: SHOVE-OFF BY JO KERKHOFF – VICTIMIZATION OF EMPLOYEES RAMPANT AT SHELL-MOTIVA NORCO SITE

This is the true story of a former U.S. Secret Service Agent and former Special Agent-in-Charge of the U.S. Dept. of Homeland Security. He was hired by a contractor firm in June of this year to become Project Manager with responsibility for the security force at the Shell-Motiva Norco site in Louisiana. The site is spread over 700 acres, inclusive of a major refinery.

I have confirmed the remarkable background of this individual, who has worked in some of the most stressful operational settings. This includes his assignment as the Incident Commander for the rescue, relief, recovery and federal law enforcement activities in preparation for and in the wake of Hurricane Katrina, where he commanded vast personnel resources as well as small boats, aircraft and vehicles, for which he was granted seven high-level awards and commendations. read more

ROYAL DUTCH SHELL: Ice buckets, rust buckets and superbuckets

By John  Donovan

According to the the Vancouver Observer, Shell CEO Ben van Beurden, has accepted the ice bucket challenge from Leonardo DiCaprio to oil sands executives. 

The reputation of his predecessor as Shell CEO, Peter Voser, sunk after he faced and failed a challenge in the Arctic.

Voser came spectacularly unstuck as a result of sending a couple of refurbished old rust buckets into Alaskan waters in an ill-fated tax dodging scandal resulting in ship board fire, explosions, pollution, groundings and public humiliation. read more

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