Royal Dutch Shell Plc  .com Rotating Header Image

Jeroen van der Veer

Shell and BP in secret meetings about oil

Screen Shot 2013-05-19 at 08.31.34Top petrol chiefs held talks once a year: The whistleblower claimed the office was swept for bugs before the talks, lasting nearly two hours. He added: “The security around their meetings was incredible. There was lock-down. The whole floor was a no-go area for anyone else. “It was just the two of them — the bosses of two huge rival companies — no PAs, no deputies. “It’s common knowledge they were talking about oil prices.”

Screen Shot 2013-05-19 at 08.24.55

Meetings … oil bosses Jeroen van der Veer, left, and John Browne

Exclusive By RHODRI PHILLIPS

The ex-boss of Shell held top-secret meetings with the BP chief, an insider claimed last night.

Jeroen van der Veer entertained John Browne strictly ALONE at his London HQ once a year, a former Shell worker said.

The whistleblower claimed the office was swept for bugs before the talks, lasting nearly two hours.

The firms face claims of ‘price fixing’.

He added: “The security around their meetings was incredible. There was lock-down. The whole floor was a no-go area for anyone else.

“It was just the two of them — the bosses of two huge rival companies — no PAs, no deputies.

“It’s common knowledge they were talking about oil prices.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell and BP bosses met secretly to fix oil prices?

The Sun newspaper alleges Shell boss Jeroen van der Veer secretly met Lord Browne of BP once a year to discuss oil prices. Perfectly matched pair to engage in some jiggery-pokery.

Screen Shot 2013-05-18 at 23.14.01

By John Donovan

The Sun newspaper alleges Shell boss Jeroen van der Veer secretly met Lord Browne of BP once a year to discuss oil prices.

Under the website headline “Shell and BP in secret meetings about oil”, the Sun is publishing an article on Sunday alleging that Jeroen van der Veer, Peter Vosers predecessor as Chief Executive of Royal Dutch Shell Plc, secretly met his BP counter-part, Lord Browne, once a year to discuss oil prices.

(Headline in Sun Newspaper article: “I NEED WORD IN YOUR SHELL-LIKE ABOUT OIL”) read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Gazprom, Shell to develop Arctic oil fields

Screen Shot 2013-04-08 at 20.56.53

The Associated Press: 8 April 2013

MOSCOW — Energy giants Gazprom and Royal Dutch Shell PLC have agreed to jointly develop offshore Arctic oil fields, Russian media reported Monday.

The companies will develop the Severo-Vrangelevsky field in the Chukchi Sea and the Severo-Zapadny field in the Pechora Sea. Russian Energy Minister Sergei Donskoy was quoted by national media as saying Monday that Shell is likely to have a 33.3 percent stake in the fields.

Russia is trying to assert jurisdiction over parts of the Arctic, which is believed to hold up to a quarter of the Earth’s undiscovered oil and gas. By speeding up the Arctic oil project, the Kremlin is strengthening its bid. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell Deeply Ashamed

Screen Shot 2013-02-13 at 15.29.55FROM OUR NEWS ARCHIVE: LONDON EVENING STANDARD Wednesday, 27 October 2004 page 42 BUSINESS SECTION

SPEAKING OUT

“I’m convinced we have a lot of strengths. All of us are deeply ashamed about what happened about the reserves, but we are determined to regain our, position.”

– Shell chairman Jeroen van der Veer on the oil giant’s attempts to put its misdemeanours behind it

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

A word in your Shell-like

Screen Shot 2013-01-23 at 13.17.19FROM OUR FEBRUARY 2005 SHELL NEWS ARCHIVE: “…we learned last year that the company leadership had been systematically lying to itself, its shareholders and wider stakeholders about the size of its oil reserves.”: “for years Shell lied about its sustainability as a business while preaching principles that it was betraying.”: “Shell had knowingly overstated its reserves by a third, a monumental betrayal of trust that is Europe’s version of Enron.”

By John Donovan

We have printed below a brilliant Will Hutton article published by The Observer on Sunday 6 February 2005. As he correctly says, this was a company that was lying to itself. No wonder Sir Philip Watts is seeking redemption.

The Observer: A word in your Shell-like

By Will Hutton: Sunday February 6, 2005

There’s nothing wrong with making profits. But we deserve a more sophisticated debate about sharing them

There is nothing like the news of one of Britain’s biggest companies making record profits to bring out all our ambiguities about capitalism in general and profit in particular. The left’s traditional mistrust of corporate money-making still casts a long shadow and even capitalists are uncertain how to respond when their profits are booming. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Unsure of Shell

Screen Shot 2013-01-23 at 13.17.19FROM OUR FEBRUARY 2005 SHELL NEWS ARCHIVE: A person close to the company said: “Without exception, every Shell person I have met recently has asked me if I am able to help them find something else. Others are leaving without even waiting to find another job.”

By John Donovan

Printed below is an article by Robert Peston in his then capacity and Sunday City Editor of The Sunday Telegraph. He is not the first to have been deceived by the Shell CEO Jeroen van der Veer. Ask Bill Campbell, the former HSE Group Auditor of Shell International.

Sunday Telegraph City Comment, Edited by Robert Peston, Sunday City Editor: (Filed: 06/02/2005)

Jeroen van der Veer is not what you expect from the chief executive of the UK’s most profitable company – which is what Shell became last week, with its disclosure that in 2004 it generated net income of almost £10bn. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Desperation led to Shell’s plotting to exploit 9/11 attacks

Serious consideration was given by senior Shell EP execs to exploiting the tragic events of 9/11 for desperate commercial purposes – to cover-up investor deception about Shell’s claimed oil and gas reserves. Concern was expressed about the possibility of getting caught out telling Investor Relation “stories” regarding production growth and reserves replacement and what the likely punishment might be.

By John Donovan, first published 1st Feb 2013 (re-edited on 4 April 2019)

I stumbled across some shocking Shell internal email correspondence while searching the US Court files for class action litigation relating to the Shell oil and gas reserves scandal. 

It involved senior Shell EP executives all reporting to Walter van de Vijver, Chief Executive of Shell Exploration and Production and a Group MD of the Royal Dutch Shell Group.

Serious consideration was given by senior Shell EP execs to exploiting the tragic events of 9/11 for desperate commercial purposes – to cover-up investor deception about Shell’s claimed oil and gas reserves. Concern was expressed about the possibility of getting caught out telling Investor Relation “stories” regarding production growth and reserves replacement and what the likely punishment might be. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Simon Henry and the reserves time bomb

Were they aware that Simon Henry was a key player, as Head of Global Investor Relations, in dealing with the reserves data and actually had responsibility to ensure the quality/accuracy of the data before it was disclosed to analysts and investors? As we all know, it turned out that some of the data was not only inaccurate, but fraudulent. He had been warned that a Gorgon 600 million BOE reserves booking was an IR time bomb.

Introduction: A draft of the article below was supplied to Shell in advance, namely to Mr Michiel Brandjes, the Company Secretary & General Counsel Corporate of Royal Dutch Shell Plc and the CFO, Mr. Simon Henry. We invited Shell to point out any factual inaccuracy and/or supply comment for unedited publication with the article. No response other than an automated message has been received.

ARTICLE

By John Donovan

On 13 March 2009, the Financial Times published an article about Simon Henry, who was about to become Chief Financial Officer of Royal Dutch Shell Plc. It said that he had survived the reserves misreporting scandal with his reputation intact. I wonder how much investigation of the facts was undertaken before arriving at that conclusion? read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Short list of praiseworthy senior Royal Dutch Shell executives

Now we have his equally scandal tainted successor, Peter Voser, Chairman of the UBS Audit Committee at the time when UBS was engaged in all kinds of criminal activity.

Posting on Shell Blog by LondonLad on Jan 17th, 2013 at 19:56

In all honesty can the Donovan’s kindly list some of the past and present senior executives of Royal Dutch Shell that they would support for their good work, honesty, ability to abide by country HSE requirements, etc. etc. More and more it seems that if you work for RDS at a (very) senior level they’ll get shafted via real AND tabloid reporting on this website, Greenpeace (dick-heads), and other tree hugging websites. We (the countries around the world) need to advance, risks need to be taken as a result…. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Reputational damage to Peter Voser

By John Donovan

The mainstream news media is reporting that the reputational damage to Peter Voser and the Shell board arising from the Arctic meltdown is huge. The fact that Shell’s leadership is hopelessly incompetent comes as no surprise to us. No competent board with an ounce of commercial commonsense would allow this website to continue in existence, bearing in mind the damage it has done to Shell over the years by providing an outlet for Shell insider leaks. A Shell official has admitted our success in humiliating the company. Watts was a disaster, Jeroen van der Veer meekly surrendered Shell’s controlling stake in the Sakhalin II project and Voser has now been exposed as a hypocritical fat cat who poured scorn on BP, instead of minding his own ship. Why did Shell rehire Voser in the first place? Surely it would have been better to find someone not tainted by financial scandal to lead Shell after the reserves fraud? read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

How Chris Finlayson bungled the Mother of all Projects: Sakhalin II

Chris Finlayson representing Shell and Alexander Medvedev, Gazprom’s Vice Chairman

By John Donovan

Chris Finlayson, the newly appointed Chief Executive of BG Group, held a leadership position in Shell’s Sakhalin II project in Russia from September 2005 to September 2009. The venture was described as “the Mother of all Projects” by the Financial Times.

We have already published an article about his involvement in the Royal Dutch Shell reserves scandal, providing evidence – in the form of authentic Shell internal documents – supporting my conclusion that he was either part of the cover-up, or negligent in his fiduciary duties as a senior Shell executive to protect the interests of investors. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Jeroen van der Veer exit from Shell

I am only surprised that an ex CEO of Shell leaves the board at a young age. Is Jeroen washing his hands in innocence or trying to put light between him and Shell?? In the past they used to hang in there for long periods until they had to get up too often to take a pee during shareholders meetings. But in recent times Herkstroter left premature, so did Moody-Stuart. And Watts sought salvation…

13/12/2012

Royal Dutch Shell plc has announced today that Mr Gerrit Zalm has been appointed a Non-executive Director of the Company with effect from January 1, 2013. Mr Zalm is the Chairman of the Board of Management of ABN AMRO Bank N.V., a position he has held since February 2009. Prior to that Mr Zalm was the Minister of Finance of the Netherlands from 1994-2002 and from 2003-2007. Mr Zalm will seek re-appointment by shareholders at the next Annual General Meeting (AGM), scheduled to be held in May 2013. (information taken from Shell website) read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Neptune Strategy: Shell Propped up Apartheid in South Africa

By John Donovan

In 1987, Shell Oil Co implemented a secret 265 page plan devised by a Washington based firm, Pagan International.

The devious plan was designed to undermine support for critics of Shell’s policy of propping up the despised racist apartheid regime in South Africa, just as Shell and its Nazi leader, Sir Henri Deterding,  propped up Nazi Germany before WW2. 

The objective of Shell’s secret campaign was to neutralize boycott groups, including church and civil rights groups, unions and academics. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Editorial Integrity of “A History of Royal Dutch Shell”

In fact all three Shell members of the editorial committee, Watts, Van der Veer and Munsiff, had form in the culture of corporate cover-up and were therefore ideal from the standpoint of Shell to have editorial influence over inclusion (or non-inclusion) of the dark side of Shell’s history and how that information was treated (spun?)

By John Donovan

The official history of Royal Dutch Shell published in three volumes in 2007 was commissioned by the company and authored by historians associated with Utrecht University who were given unrestricted access to Royal Dutch Shell archives.

The relevant historians, who describe themselves as the researchers and authors of the work, say that none of them are Shell employees and claim that the work is “the fruit of our independent research” with their progress “monitored by an editorial committee, with an equal number of economic historians and company representatives.” read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

How Shell’s Move To Revamp Culture Ended in Scandal

FROM OUR NOVEMBER 2004 SHELL NEWS ARCHIVE

How Shell’s Move To Revamp Culture Ended in Scandal: “The root of the problem, however, goes significantly further back than Sir Philip’s reign, which began in 2001”: “These deeper roots are significant because the company has yet to make a full break with its past. Mr. van der Veer is a longtime Shell executive who sat on the committee that received — and dallied over — warnings about the accounting problems.”: “In addition to its ambitious plans to discover new oil and gas cheaply, Shell under Sir Mark was redefining how it counted existing reserves.”: “Sir Mark Moody-Stuart, chairman from 1998 to 2001, remains on the board of Shell’s English parent… He declined to comment about reserves issues. And Shell still can’t seem to get a handle on its reserves.”

As New-Age Style Came In,
Geology Skills Lost Out;
Imitating Jerry Springer
Oilmen at a Rainy Playground

By CHIP CUMMINS and ALMAR LATOUR Staff Reporters of THE WALL STREET JOURNAL

November 2, 2004; Page A1

In late 2000, the head of the Dutch exploration unit at Royal Dutch/Shell Group asked his planners to deliver five-minute skits pitching ideas for discovering oil and gas.

In one skit, a naked employee ran on stage to catch the boss’s attention, say two people who attended. Another featured a mock episode of the Jerry Springer show, the incendiary daytime TV talk program. A third, after a bit of fun and games, promised to extract large quantities of natural gas cheaply from seemingly declining Dutch fields. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell’s ‘hands off’ approach pushes up costs

From our November 2005 Shell News Archive

Financial Times: Shell’s ‘hands off’ approach pushes up costs

“Shell’s dependence on contractors may help explain why it has lost control over costs at some of its largest projects. This summer, the company said the price tag of Sakhalin-2, a giant natural gas project in eastern Russia, had doubled to $20bn.”: “Shell has conceded it has a problem.”

Monday 7 November 2005

Shell projects ‘over-reliant’ on contractors

By Carola Hoyos and Thomas Catan in London
Published: November 7 2005

* Concern that handing over critical exploration and production functions is linked to spiralling costs

Royal Dutch Shell is over-reliant on outside contractors to manage its large exploration and production projects, a confidential internal analysis has found.

Ed Merrow, an outside consultant commissioned by Shell to evaluate project management, found the company was almost wholly dependent on contractors for critical functions, including scheduling and cost control. Shell took a “distinctly hands-off approach”, Mr Merrow found. A copy of the presentation, which evaluated 13 projects, was obtained by the Financial Times. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.