News and information on Shell Plc
Videotaped Deposition of JOHN MALCOLM taken in Washington, D.C. on Friday, October 20th, 2006: John Malcolm, Managing Director of Petroleum Development Oman (owned partly by Royal Dutch Shell Plc)
http://www.shellnews.net/classactiondocs/357_3_Malcolm_dep.pdf
By John Donovan
In April 2007, Shell offered to settle for $352.6 million plus $47 million in legal fees, non-U.S. shareholder claims relating to the 2004 oil reserves scandal. Shell pledged that it would make a request to the U.S. Securities and Exchange Commission to contribute towards the settlement the $120 million fine imposed on Shell by the SEC in 2004.
Relevant Dutch Court Documents
Petition to Amsterdam Court of Appeal April 2007
http://www.shellnews.net/classactiondocs/dutch_petition.pdf
Proposed European Settlement April 2007
Shell discovery documents published by royaldutchshellplc.com on Sunday 18 November 2007
Videotaped Deposition of Tim Warren, retired Country Chairman, Shell Australia, deposed in Washington, D.C. Tuesday, January 30, 2007: 10:25 a.m. Formally Shell EP Technology director, Shell International Exploration & Production B.V.
ENTIRE SEARCHABLE DEPOSITION: 16.62mb pdf file containing 518 pages, so will take some time to load, particularly if you don’t have broadband…
http://www.shellnews.net/classactiondocs/depo_tim_warren_ocr.pdf
By John Donovan
Friday 16 November2007
Below is a link to a transcript of the Videotaped Deposition of former Royal Dutch Shell Group MD and Chief Executive of Shell Exploration & Production – Mr Walter van de Vijver, in Washington, D.C. 16 Wednesday, January 31st, 2007:
(first 390 pages)
http://www.shellnews.net/classactiondocs/365_2.pdf
Further parts of Van de Vijver deposition will be published here later, on Friday 16 November 2007
For the first time you can read his own account of events including the infamous email correspondence with Philip Watts eg. “I am sick and tired of lying…”
ROYAL DUTCH SHELL RESERVES FRAUD/SCANDAL
THOUSANDS OF PAGES FROM ROYAL DUTCH SHELL RESERVES COURT CASE DOCUMENTS, INCLUDING WITNESS STATEMENTS
UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY
ROYAL DUTCH/SHELL TRANSPORT SECURITIES LITIGATION
Civ.No. 04-374 (JAP)
3:04-cv-00374-JAP-JJH BROCKAMP v. N.V. KONINKLIJKE NEDERLANDSCHE PETROLEUM MAATSCHAPPIJ et al Judge Joel A. Pisano, now presiding
Most if not all files are pdf and Adobe Reader is needed to access them. Please be patient when multiple pages are involved. To download a FREE Adobe Reader click on the adobe link: http://www.adobe.com/products/acrobat/readstep2.html
By Alfred Donovan
On Friday 20 January, we exclusively broke the news that the global floodgates are now open for qualifying non-US Shell shareholders to join a US class action lawsuit which has already been given permission to go ahead by a US District Chief Judge.
The Judge has ruled that Shell has a case to answer for alleged securities fraud and has decided that for the first time in US legal history, non-US shareholders can join a US class action. The lead plaintiffs are the Pennsylvania State Employee Retirement System and the Pennsylvania Public School Employees Retirement System. The class action seeks to recover damages on behalf of all investors worldwide, no matter where they bought shares.
Extract from Page 81
Over the year 2004, the Group advanced a total of $12,048,441 (certain amounts have been converted at the average £/$ exchange rate for 2004) for litigation costs for former Board members under these provisions.
DOW JONES NEWSWIRES March 31, 2005
LONDON — Royal Dutch/Shell (RD,SC) said in a filing released Thursday it was in settlement talks on some of the class action litigation unleashed after it was forced to reclassify its oil reserves.
In a 20-F filing with the Securities and Exchange Commission, the oil giant said it was in talks with holders of various Shell Oil Company pension plans which had been launched in the U.S. under the Employee Retirement Income Security Act of 1974.
Market Report
By Mickey Clark
27 Oct 2004
“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.
RELATED ARTICLE
By Clay Harris
Published: October 27 2004
Jeroen van der Veer remains refreshingly candid even after all Royal Dutch/Shell has been through this year.
Asked at a conference about the International Energy Agency’s call for governments, regulators and corporations to unify energy reserves accounting, he said: “We are like the schoolboy standing in the corridor outside the classroom. I don’t think it is for us to lead the charge of new rules on reserve accounting, we shall leave that to others. But whatever the rules are, we will comply with them.”
Christopher Cox, the Chairman of the SEC is on record as describing the scandal as a fraud when he listed European frauds.
Amsterdam Court of Appeals sets date for hearing with respect to Shell securities class settlement of reserve-related claims with European and other non US investors
11/04/2008
Shell *, Stichting Shell Reserves Compensation Foundation (the Foundation), VEB (the Dutch Shareholders Association), APG, All Pensions Group (on behalf of pension fund ABP) and PGGM (on behalf of Stichting Pensioenfonds Zorg en Welzijn) have announced that the Amsterdam Court of Appeals (the Court) has scheduled a hearing on 20 November 2008 with respect to their request for a binding declaration of their settlement agreement concerning reserve-related claims. This settlement agreement provides relief in the amount of US$352.6 million to qualifying non-U.S.-shareholders who bought Shell shares on any stock exchange outside the United States between April 8, 1999 and March 18, 2004 (the European settlement).
The European settlement was originally reached and announced in April 2007. The parties opted to wait to file an amended petition until a U.S. court ruled on Shell’s position that the Court did not have jurisdiction to consider the claims of non-U.S. shareholders in the pending U.S. class action based upon the same reserves issues.
Shell confidential reserves fraud documents published on 14 December 2007
Declaration of Sarah Bell, Sakhalin Energy Investment Company Limited, formally Reservoir Engineer at Shell Development Australia (Five pages)
http://www.shellnews.net/classactiondocs/344.pdf
Transcript of Videotaped Deposition of MATTHIAS BICHSEL, Executive Vice President Technical, Shell Exploration and Production B.V.: taken in New York, New York October 31, 2006
Exhibit 49 (200 pages) Bichsel Deposition
Shell confidential reserves fraud discovery documents published on 5 December 2007
Exhibit 167: CONFIDENTIAL: NOTE – 31 May 2002: From Anton Barendregt to Lorin Brass and Chris Finlayson (Managing Director, BSP) copied to Brian Straub, Rosmawatty Abd-Mumin, Salieh-Bostaman Zainal-Abidin, Martin Graham, Thomas Prudence, Peter Worby, Ben van den Bergh, Chris Kennett, Dominique Gardy, Rahim Khan, Malcolm Harper, Jaap Nauts, John Pay, Paul Tauecchio, Han van Delden (KPMG Accountants NV) and Stephen Johnson (PriceWaterhouseCoopers): Subject: SEC PROVED RESERVES AUDIT – BRUNEI SHELL PETROLEUM SDN BHD, 29 April – 3 May 2002 (17 pages)
Shell confidential reserves fraud discovery document published on 29 November 2007
Exhibit 64: January 2002 Royal Dutch Shell Committee of Managing Directors Confidential Investor Relations Plan signed by Philip Watts (15 pages)
Shell confidential reserves fraud discovery documents published on 28 November 2007
Exhibit 132: SPDC Restatement 1998-2002: Confidential (9 pages)
http://www.shellnews.net/classactiondocs/ex132_419_7.pdf
Exhibit 133: Note for Discussion: Group Investor Relations: Strategy and Plan to 2004: Every page marked “Confidential” (20 pages)
http://www.shellnews.net/classactiondocs/ex133_419_8.pdf
Exhibit 134: 2002 Executive Summary: Most Confidential: Signed by Walter van de Vivjer (12 pages)
Shell reserves fraud discovery documents published on Sunday 25 November 2007
The first item, Exhibit 186, is email correspondence on 3 January 2004 from Frank Coopman, Chief Financial Officer, Shell Exploration and Production B.V. to Curtis Frasier of Shell International, which was copied to John Darley, SIEP-EPT. This was sent just 6 days before the Shell reserves fraud was announced to a stunned world. Frank Coopman made it plain that the “independent” Group reserves auditor, Anton Barendregt (*a retired former Shell employee who acted as the Group reserves Auditor on a part-time basis) was in fact “not completely independent”.
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY:
RE ROYAL DUTCH/SHELL : Civ. No. 04-374 (JAP) TRANSPORT SECURITIES : (Consolidated Cases) LITIGATION :
OPINION/ORDER: Joel A. Pisano: United States District Judge: Dated: November 13, 2007: 20 Pages
http://www.shellnews.net/classactiondocs/453.pdf
Related article:
Dow Jones Newswires: US Court Ruling Paves For Shell Reserves Settlement To Proceed
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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.
30 November 2023: Posted by John Donovan
The content below is sourced from current verifiable customer reviews of Shell Energy published on Trustpilot.
Extremely slow broadband for 10 months, not fixed. I have had slow broadband well below the guaranteed speed for 10 months and Shell Energy have not been able to fix it. They have tried sending about 4 or 5 engineers but have not fixed the problem. Gurps, who I have been dealing with most recently, has been friendly and polite, alth… Read more
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John Donovan, the website owner
This is not a Shell website. That fact should be abundantly plain from the overall content of this home page and our sister Shell focussed websites, including shellnazihistory.com. Click on the Disclaimer link at top of this page for more information. You Can Be Sure Shell does not endorse or approve of this website. There are no subscription charges nor do we solicit or accept donations. No advertising is accepted. It is an entirely free to use non-commercial website drawing attention to the negative side of Shell. The Shell logo image with the white text used on this website, as per the above example, is in the public domain because its copyright has expired and its author is anonymous. It can be found here on WIKIMEDIA COMMONS. Use this link for Shell’s own website.
