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Latest on Fri, 11:49 pm: If Prelude is planning to complete a swivel swap out or repair, it is at least 3 months of work. But that is for a typical NS FPSO, the massive Prelude unit is one of a kind. And no spares were manufactured with 2 production paths. (Operating one at temporary high rates could be done.) Based on the news reports it sounds like both production swivels have failed or have leakage into the secondary containment system. Possibly due to the delays in operation? But this is just one piece of the puzzle. Putting the entire upstream processing facility, gas conditioning, liquefaction, storage and export on one site is just asking for problems. You can not comply with NFPA 59A separation distances...
: Prelude again
Wonder if the Shell Australia Chairman is still pleased with the “progress being made”.
Being pleased with mediocre performance is not the Shell I used to work for.Bill
: https://www.energyvoice.com/oilandgas/271096/petrofac-new-ceo-asfari-retire/ The revolving door continues to spin, BG Group / Shell ‘executive’ demonstrates cronyism is alive and flourishing. Yes, this was the COO that believed corporate projects could be controlled under (what was eventually validated to be flawed) the Value Assurance process, while he sampled corporate hospitality and champagne at Wimbledon.
: More on Shell's fumblings: https://seekingalpha.com/amp/article/4378196-royal-dutch-shell-energy-transition-woes
: Looking at the senior executive org charts revealed last week, seems there is not a lot of “Reshape” at that level... Looks like the worker bees will be sacrificed again...
: Looks like Stacey Orlandi never stays long enough in one job for very long. I suppose long enough to be seen and then off to the next one. I wonder what she left behind for others to clear up? Neither did Walter or Malcolm and see where that got us.
The point I find difficult to swallow is her role as Refinery Manager. After two years in procurement in an office somewhere she spends a year as a production Manager and then become THE refinery manager of the Cherry Point Refinery, capable of refining 250k barrels a day plus converting Diesel from biomass etc, a large and complex plant.
Perhaps I guess she was one of a number of under-managers or if not perhaps she can convert water into wine.Anyway, we shall see.
: Bogus Group, hopefully the Executives will be 'executed' and we will be saying 'goodbye' to these worthless, low integrity, sociopaths to whom probity is alien.
: Does the statement “It is very painful to know that you will end up saying goodbye to quite a few good people. I know I, and many others in Shell, will be saying goodbye to people we know well and really like and who have great loyalty to the company” mean that executives will be saying goodbye to good people, or good people will be saying goodbye to executives?
: More on Shell's proposed Upstream cost cutting. https://oilprice.com/Energy/Energy-General/Shell-May-Cut-Upstream-Oil-Operations-By-40.amp.html
: Perhaps time to clear out the Brazil Asset? https://uk.mobile.reuters.com/article/amp/idUSKCN26C0GI
: USA USA USA. BG Group was an Internet Cafe and Cappuccino Lifestyle company that could not get its ducks lined up in a row for the simple reason that it didn't know what a duck is. In consequence, its goose was cooked.
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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.