Shell News Friday 13 February, 2004

Bonus Group: Royal Dutch Shell plc Results Q2 2020: https://seekingalpha.com/amp/article/4362597-royal-dutch-shell-plc-2020-q2-results-earnings-call-presentation

Bonus Group: Shell reports $18bn loss: https://amp.theguardian.com/business/2020/jul/30/shell-reports-18bn-financial-loss-amid-covid-19-collapse-in-global-oil-and-gas-prices

Bonus Group: Jail sentences recommended for top Shell executives. See: https://amp.theguardian.com/business/2020/jul/22/prosecutors-seek-jail-terms-shell-eni-executives-nigeria-oil-deal

Exposer: Beware for the current scam going around that is called Shell Alumni Network , its basically a load of old NL employees looking to fund their retirement with promises of green lands and pastures. The 'Core Team' is Dutch, the 'Supervisory Board is Dutch ' the advisory panel is made up of maily NL employees, very little diversty despite claiming and using COVID as an excuse for non diversity ! Oh and on top of all that charges 99 Euros a year for the priviledge of listening to van der veer. I don't know how they get away with using the Shell name unless of course they asked permssion from......yes you got it, The Hague. So roll up roll up, help bolster the NL retired staff pensions ! Oh and before you ask, its modus operandi is for profit thinly veiled in their 'charter'. It will be interesting to see who gets paid if they publish acocunts. I had enough experience of over regulation and excessive control by the Royal Dutch part of Shell in my career to know a trap when I see it.

Bonus Group: Prelude to disaster? See: https://oilprice-com.cdn.ampproject.org/c/s/oilprice.com/Energy/Natural-Gas/Shells-Big-Bet-On-Floating-LNG-May-Be-A-Flop.amp.html

Bonus Group: US Citizen: I think that AR is Anca Rusu. See: https://www.bizjournals.com/pittsburgh/news/2017/06/19/shell-project-manager-says-cracker-plant-will.html

uscitizen: USA USA USA - who is AR?

USA USA USA: In a recent town hall, the current project director of the Pennsylvania tax dodge, suggested the construction was 60% complete? WTF? At least he is not to blame, he was saddled with the errors and over promises of AR, who landed a holding position as “VP HSE”, doing “TFA”, prior to a new position that seems also completely invented ... and purposefulessness. Can’t we just move helpless & hopeless leaders out of the organization? Unless another senior leader is worried about his role in yet another profitless folly? Memories of prelude seem to come to mind as others have suggested. Or as someone else recently implied, at what point does the king’s new suit seem invisible to more than just the seamstress?

Bogus Group: Geert Vermeulen (Ethics & Compliance Officer) posted an article on Linkedin about the Shell OPL 45 debacle and all that surrounds it. This was a response to the article by Adam Bennett: Geert, very easy to pass judgments without knowing full facts and in hindsight. Having previously led the business integrity department at Shell I can tell you things in Nigeria are never that clear cut. One thing I remain certain of is the moral compass of shells leadership. Can’t be the same moral compass most of us are certain of.

Bonus Group: Shell restructuring. See: https://www.theguardian.com/business/2009/may/27/shell-restructuring-redundancies No better place to start than in Shell's Brazil Asset starting with the BG 'Job for Life' sycophants who have been associated with this asset for more than ten years. Start at the top with the Front End Development and Integrated Reservoir Modelling Manager and work down to the Technical Team Leads comprising sniggering Simons. Invite them all to a meeting entitled 'Wrap-up', make them an 'Offer Without Prejudice' and then constructively dismiss them by discussing their poor performance! A disgraceful asset, corrupt to the core!

About Dear Rob: About Dear Rob, he is hardly departing in a blaze of glory, his mission it seems is very much unaccomplished as he departs the scene. Who will take over the poisoned chalice and get the show on the road? In what seems a relatively short time Prelude has gone from being the expected Real Madrid of the engineering project world to a sort of Accrington Stanley, maybe being a bit unfair on the latter. Guess the worst of times was the export of human excrement in paper bags from the installation when the lights went out and nothing on it worked ........

Money in the pockets?: "And 8% to 12% currently we don’t even make in our upstream business" BvB... That performance includes the huge over runs on Corrib, Penn Chem, Prelude, multiple other LNG projects, Alaska Fiasco, and many other (not to mention OPL 245). It is such an embarrassing comparison to ExxonMobil in projects like Liza, which is highly likely to exceed returns Shell is chasing as a utility. Brasil (or Mexico) have the capacity to deliver similar returns to Liza, if there was leadership and strategy for a long term development. What makes BvB so sure that Shell's management and culture can exceed the returns of the existing players in the "new energies" this time? Maybe the job cuts should start at the top... and not the middle where there is some remaining talent left...