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AN OPEN WOUND FOR SHELL SAYS FT
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Latest on Fri, 07:12 pm: More on Prelude: https://www.boilingcold.com.au/inpex-slashes-value-of-prelude-lng-by-a-third/amp/
: Royal Dutch Shell plc Results Q2 2020: https://seekingalpha.com/amp/article/4362597-royal-dutch-shell-plc-2020-q2-results-earnings-call-presentation
: 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
: 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
: 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.
: 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
: 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
: USA USA USA - who is AR?
: 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?
: 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.
: 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, 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 ........
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Another example of Shells institutionalised delusion that they are a player in the debate on the global energy future. At its most venal this was characterised by the dysfunctional and disingenuous corporate advertising of recent times that tried to suggest that Shell really cared about the energy mix and supported the development of renewable sources. Shells inevitable and predictable recent withdrawal from her Renewables business showed what a farce this was.
All of Shells focus is on hydrocarbons and all of their effects are directed towards the further depletion of finite resources and the processing and transportation of hydrocarbons to end consumers. I personally dont object one bit to this. – Shell should do what it is good at doing and in the main they do these things well. But it is not in Shells interests that consumers switch from hydrocarbons to other energy – nor even that they use hydrocarbons more efficiently. Shell has virtually nobody in their employ working on anything but hydrocarbon related projects and it is just an absurd bit of bluster for them to be even present at this conference.