News and information on Royal Dutch Shell Plc
Posted in: Alaska, Arctic, Ben van Beurden, Corporate Governance, Fracking, GoogleNews, Marvin Odum, Oil, Oil Company Profits, Royal Dutch Shell Plc, Shale Oil, Shell Project Delays, Shell Project Overruns.
Tagged: Ben van Beurden · Maarten Wetselaar · Oil · Royal Dutch Shell Plc
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
Bonus Group: The long overdue structural reorganisation at Shell is rapidly approaching. No better place to start than within the Brazil Asset which has been propped-up for over ten years now by the same BG Group sycophants who have a proven track record of overbooking reserves on the basis of flawed functionall approved technical workflows. These individuals are still clinging desperately to their positions five years after the takeover of BG Group by Shell. Can it be that Shell cannot afford to move them on lest their poor work and lies be revealed? Get rid of them, truth and transparency are now required if not demanded in the Brasil Asset!
Bogus Group: More BG Group (Shell) executive 'turmoil'. Just love the "stepping down with immediate effect for personal reasons" euphemism.
Bogus Group: 330 job cuts in Aberdeen, with the new rhetoric by a Shell 'spokesperson', "this intends to ensure we are set up to thrive throughout the energy transition and be a simpler organisation". https://www.upstreamonline.com/exploration/330-job-cuts-oil-giant-shell-lays-out-losses-to-uk-team/2-1-942991
PRELUDE WHITE ELEPHANT: Shell has not revealed the cost of Prelude but analysts estimate the price tag has ballooned to as much as A$17bn ($13bn). The Anglo-Dutch company reported $9bn in impairment charges on its Australian gas assets in the second and third quarters of 2020. https://www.ft.com/content/6ba54787-6d21-48d2-93b2-273cdcf48455
Peter Voser: The recent invasion of the US Capitol puts Trump's visit to Shell's Chemical plant in Pennsylvania in August 2019 in a completely different perspective. It's now appropriate to state that Shell has provided a political platform and support in kind to POTUS. Supporting political activities, providing facilities for political rallies and bribing a senior government official are a violation of Shell's own business principles and Code of Conduct. Various individuals have lodged complaints with the Shell global helpline alleging improper business conduct involving the RDS Chairman, the US Country Chair, US government relations and others. These have all been dismissed as "reporters expressing a political view". Shell should re-open the case and seek appropriate consequence management against those involved. But I suspect the perpetrators are the so-called untouchables to whom the business principles and code of conduct are not applicable. Shame on the Head of BID for not having the guts to take this further.
In reply to Peter Voser.
REPLY FROM JOHN DONOVAN
Bye bye Chad & Ben: Looking forward to your February “Strategic”’utterances. Also look forward to the announcement about your successors as CEO and Chair. A classic case of way too cosy non executive and executive branches. Time to move on from your nonsense! Especially for your employees.
Bonus Group: Shell site seized in Nigeria over unpaid damages. https://www.bloomberg.com/amp/news/articles/2020-12-23/shell-oil-site-seized-by-nigerian-state-over-unpaid-damages
Bonus Group: Shell to write-down assets. https://www.offshore-energy.biz/shell-to-write-down-oil-and-gas-assets-value-by-as-much-as-4-5-billion/
LondonLad: Well “Fletcher” (aka “Escaped from C16Atraz”?) I no longer work in Shell but enjoy their lovely pension. So your crude comment fails to impress. As for Shell and its shareholders having made money from oil & gas I have absolutely now problems. Perhaps you and the likes of “Greta Thunderbirds are go” would prefer that we all lived in caves wearing loin cloths (made of course from animals that have died naturally) and walked everywhere?
Fletcher: LondonLad - you come across as a real Ben van Beurden panty sniffer. You don't happen to work in their spin machine by any chance? Oh and don't forget where Shell and the shareholders have made their money. (clue - it's black and gooey and highly combustible)
LondonLad: Well “Escaped from C16Atraz” you have got your facts wrong. United are 5th with a game in hand - that’s hardly mid-table is it! I bet my friend MUSaint will feel equally annoyed. Saying that “Shell doesn’t care at all about climate change” is also an incorrect statement, akin to some of the waffle that Greenpeace, Extinction Rebellion and even David Attenborough make. I do however agree that it is a shame that more redundancies are on the way but in this Covid environment which company is free of this staffing issue (some of the UK supermarkets perhaps)? As a shareholder I am glad that the senior management is bottom line driven.
Escaped from C16Atraz: There are many parallels to be drawn between Shell and the one unbeatable Manchester United. Both are now mid table. Weak manager, senior players who are arrogant and only play for money, and have got rid of their most hard working players. Shell better get used to mediocrity. It doesn't care at all about climate change but Van Beurden will no doubt continue to sell more of the crown jewels to greenwash its reputation like the loony who heads BP.
© 2021 Royal Dutch Shell Plc .com | Powered by WordPress
PrimePress theme by Ravi Varma
The lame being led by the blind: So the shock of not becoming number one was too big for Andy Brown. I wish him a speedy recovery and thereafter he should go spend quality time with his family and enjoy his earnings.
On shell.com I read the following:
‘During Andy’s recuperation and until his return to work, Maarten Wetselaar, Executive Vice President Integrated Gas and former head of finance for Upstream International, will serve as acting Upstream International Director, in addition to carrying out his regular duties.’
Wetselaar is no doubt a brilliant finance man. But a finance man is really a failed banker, not good enough for the real thing… And this brilliant fellow will ‘lead’ the whole upstream as a part-time job? Has Shell not learned from the past what happens if you put beancounters in charge? Apparently not.
Andy should be sent home, he has only achieved very poor results (Alaska, shaleoil USA, etc). And for this job one needs to be in top condition AND have an EP background.
There are some people with the right qualifications who could do this job much better. And they are in Shell too!
And it certainly is not Odum, another one who needs to be sacked.
Van Beurden does not know about EP, it was not in his portfolio so he did not interfere…
So the upstream is now like the lame being led by the blind. Unbelievable. I can only wish them good luck.
Comment posted by “Stuart” on 2014/01/21 at 21:14
Old Hand, not quite accurate. Andy has/had nothing to do with the US Shale or Alaskan businesses. His role in Upstream International has nothing to do with Upstream Americas – where both these things reside.
I will say I’ve met Maarten a few times and he’s a massively smart guy, who had already been given a line business to lead and I suspect will be possibly more capable than his boss.