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Posts Tagged ‘Ben van Beurden’

Brunei, the corrupt ‘Shellfare state’

FROM NEW YORK TIMES ARTICLE BELOW HEADLINED:

The Sultan of Brunei: Opulence, Power and Hard-Line Islam

EXTRACT:

Powered by the oil company Brunei Shell Petroleum — Brunei was nicknamed the “Shellfare state” for its entitlement programs — the country of about 430,000 people remained relatively secluded compared with its neighbors.

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Shell CEO Ben van Beurden audience with corrupt despot, the Sultan of Brunei

Corrupt Sultan of Brunei introduces tough Islamic penal code

By Alan Yuhas: April 4, 2019

When Brunei put harsh new laws in place this week that made adultery and gay sex punishable by stoning, it focused international attention on the country’s sovereign, Sultan Hassanal Bolkiah, 72, whose vast wealth and family spending have landed his name in the tabloids for decades.

The sultan, as the main enforcer of religion in the Southeast Asian country, has in recent decades advocated a hard-line vision of Islam that is at odds with the royal family’s opulent lifestyle. Here is a look at his powers, his background and the international condemnation of Brunei’s new laws. read more

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Shell sued in Dutch court over Climate Change

April 5, 2019

Environmental activists take Shell to court on Friday to try to stop the Anglo-Dutch oil giant drilling for gas and oil, and to ensure it meets climate change targets.

Some 17,000 people and six organisations have signed up to Milieudefensie’s call for co-defendants in the case, which the green group hopes will lead to a judge ‘forcing Shell to stop being a major cause of climate change.’

The 2015 Paris agreement on climate change included a commitment to leave oil, gas and coal in the grounds as much as possible, the lobby group says. ‘These three fuels are major causes of global warning and this is why we have to stop our dependence on them as soon as possible. ‘ read more

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Shell CEO Ben Van Beurden wiretapped by Dutch Public Prosecutors

English translation of an article published by Dutch newspaper ncr.nl on 26 March 2019. The extensive parts of the article relating to Ben van Burden and Shell are in bold print. 

Are top managers being bugged?

White collar, dirty hands? You don’t have to be a suspect of cocaine smuggling in the Netherlands to be overheard by the judiciary. In recent years, the telephones of at least two board chairmen have been tapped. Maybe even more. They never put such information in an annual report.

The first was Theo Bruijninckx, chairman of the board of the then already financially weakened construction company Ballast Nedam. In the spring of 2012, he was intercepted on various telephones (home, mobile, at the office). He was not a suspect, but justice was looking for information about an older bribery case. Ballast Nedam was taken over by the Turkish conglomerate Rönesans after a series of losses in 2015. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Chief executives can’t expect huge rewards just for being lucky

Last week it emerged that Ben van Beurden received more than €20 million as Royal Dutch Shell boss for 2018. This prompted howls of outrage from the usual sources.

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Napoleon Bonaparte and Dwight Eisenhower said they wanted lucky generals rather than great ones. FTSE chairmen, however, seem to have little interest in luck when it comes to their chief executives.

That is one conclusion to draw from the debate about executive pay that is reigniting as we enter AGM season. Last week it emerged that Ben van Beurden received more than €20 million as Royal Dutch Shell boss for 2018. This prompted howls of outrage from the usual sources. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Oil fat cat Shell CEO Ben van Beurden cashes in

Ben Van Beurden’s total pay package soared by 126% last year: Last year, over a quarter of Shell’s investors voted against Mr van Beurden’s pay at the energy giant’s annual meeting

The boss of oil and gas giant Royal Dutch Shell received a 126 per cent pay rise last year.

Chief executive Ben Van Beurden pocketed over £17million, including a long-term incentive plan linked sum of £12.8million, up from £7.6million, and a £2.5million bonus.

In its latest results, the group said: ‘As a consequence of the LTIP vesting in particular, the single figure of remuneration for the CEO is significantly higher this year than in previous years.’ read more

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Outrage over Shell CEO monster pay package

Shell’s CEO Ben van Beurden bows to Russian Leader Putin: Good Friday, 18 April 2014

Yesterday the Dutch newspaper Financieele Dagblad published a truly devastating article Shell gas leaks, fires and accidents about Shell playing fast and loose with the health and lives of its employees. Today there is mass coverage of the outrage over the £17m pay package awarded to Shell CEO Ben van Beurden. The revulsion also has to be seen against the damaging litigation engulfing the energy giant, including OPL 245 corruption charges and a related raid on Shell HQ involving BvB and his then CFO, Simon Henry. Both were embarrassed by a wiretapped conversation between them discussing obstructing the investigation and the revelation by BvB that Shell had hired hapless former MI6 “people” who had been cavalier with Shell’s OPL 245 secrets. Why is Shell rewarding such behaviour, which is completely at odds with Shell’s claimed business principles?  

Shell chief’s pay doubles to 143 times average UK employee’s

The chief executive of oil-company Shell saw his pay more than double last year to more than €20m (£17m). Ben van Beurden’s total salary in 2017, which was approximately €9m, prompted a shareholder revolt. The raise comes as the company increased its annual profits by almost $10bn and is largely down to long-term incentives kicking in. Dutchman Mr van Beurden’s pay is now 143 times larger than the average Shell employee in the UK. read more

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Dutch FT: Retired Shell chief safety officer warns of major Prelude risks

In brief

*The number of accidents per man-hour worked has risen again for the first time in a long time last year.

*A series of incidents, criminal investigations and warnings from regulators are damaging Shell’s safety image.

*Shell CEO Van Beurden himself is also not satisfied and wants to do more to guarantee safety.

Printed below is an English translation of an article published today by the Dutch Financial Times, Financieele Dagblad.

Beeld: Getty Images/ bewerking: FD Studio

Shells gas leaks, fires and accidents

Bert van Dijk: 13 March 2019

Last year the number of accidents per hour worked increased at the oil company. Supervisors warn that Shell needs to do more about safety.

In December 2017, during regular maintenance work, a lifeboat suddenly came loose on the Shell platform Brent Alpha in the North Sea. The lifeboat fell into the sea and was recovered a day later. Although no one is injured, it was not the first time. In 2008, it was discovered that two lifeboats on another nearby Shell platform, Brent Bravo, were technically in such poor condition that they had to be replaced. And in 2007 a rescue boat on another Shell platform broke loose and collapsed into the sea. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL 245: Shell CEO Ben van Beurden in the firing line

In September 2017, four foreign NGOs filed a declaration in the Netherlands against Shell, Van Beurden and three (former) directors. According to lawyer Barbara van Straaten of the law firm Prakken d’Oliveira, this declaration was added to the current investigation by the Public Prosecution Service.: Almost a year ago, Shell itself filed a statement against former director Peter Robinson. According to the group, the Australian would have been guilty of corruption in Nigeria. Robinson is one of the four former Shell employees who stand trial in Milan. Justice in the US and stock market watchdog SEC were also informed.

English translation of a Dutch article published today by ncr.nl

The question is: did Shell know that the money ended up with the politicians?

Corruption The bulk of the purchase price for the Nigerian oil field OPL 245 ended up in the pockets of politicians. Justice thinks it has enough evidence to prosecute Shell.

Hester van SantenErik van der Walle: 1 March 2019 at 1:00

Shell is being prosecuted in the Netherlands because of possible corruption in Nigeria. The oil and gas company announced on Friday morning that it has been informed about this by the Public Prosecution Service (OM). According to a spokesperson for the Public Prosecution Service, “offences” have been committed and there is “enough to prosecute”. The spokesman states that the investigation has almost been completed. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

OPL245: Former Nigerian Minister Admits Receiving $10m Bribe From Dan Etete For Malabu Oil Deal

Latest news on the OPL 245 scandal involving several senior Shell executives, including Malcolm Brinded and MI6 “people” hired by Shell, as admitted by RDS Chief Executive Ben van Beurden during a telephone call surreptitiously recorded by investigators. During the same conversation, on the spur of the moment and perhaps shocked by the news that RDS global HQ was being searched for evidence, he issued instructions that if carried out, could qualify as obstruction of a criminal investigation.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 1 Feb 2019: 7 Articles

Shell’s Prelude floating LNG project has taken longer than expected to start up.  Shell Australia

By Angela Macdonald-Smith: 01 Feb 2019

Energy giant Shell has brushed off persistent talk about technical problems dogging the start-up of the huge Prelude floating LNG project off Australia’s far north-west coast but has signalled the first LNG cargo from the closely watched venture may still be several weeks away. FULL ARTICLE

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Shell Offshore to pay $2.2 million fine for 2016 Gulf spill

Shell Offshore Inc. has agreed to pay a $2.2 million civil fine to the federal government to settle charges that the company violated the Clean Water Act by spilling 1,900 barrels of oil into the Gulf of Mexico in May 2016 when a subsea pipeline cracked at the company’s Green Canyon oil field. FULL ARTICLE

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ROYAL Dutch Shell boss Ben van Beurden has underlined the fact the company wants to grow in the UK North Sea even as he expressed concern about the prospect of a no-deal Brexit. Speaking after Shell posted a 36 per cent increase in annual profits to a four year high of $21.4 billion (£16.3bn), from $15.8bn, Mr van Beurden said the oil giant believed a no deal Brexit would be “a very bad outcome” but had prepared for the possibility. FULL ARTICLE

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FUEL giant Shell came under fire yesterday after unveiling a 36 percent profit leap – while “exploiting hardworking motorists”.

By CYRIL DIXON

Executives at the British-Dutch company were jubilant after reporting a £4.3billion surplus for the final quarter of last year. But critics pointed out that the “strong financial performance” came at the expense of millions of drivers. Campaigners are demanding a new watchdog for pump prices after they rose more than 11 percent year-on-year. FULL ARTICLE read more

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Royal Dutch Shell News 17 Jan 2019: 4 articles

Angry Dutch citizens on Thursday will ask their country’s highest court to put an immediate end to gas production in the Groningen region due to the risk of life-endangering earthquakes. read more

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Royal Dutch Shell News 7 Jan 2019: Three different news items

Ben van Beurden Photographer: Aaron M. Sprecher/Bloomberg

The boss of oil giant Shell has admitted he is “still unhappy” with the firm’s safety performance, despite pledging a redoubling of efforts in 2018.

Written by  – 

Chief executive, Ben van Beurden, raised a call to redouble the firm’s focus on safety last year after a number of serious incidents in 2017.

An overturned tanker spill and explosion in Pakistan caused the tragic death of 200 people, while there were also fatalities in Canada and Nigeria.

Mr van Beurden added he is also focusing on restoring trust in the oil firm.

He said: “I’m still unhappy with our safety performance.

“In 2018, sadly two people died on our watch – one at a refinery in Germany and another at an onshore well in the USA.

“More broadly, the safety performance at our facilities has improved, but our performance on personal safety is worse than the previous year.

“We have to step up our efforts to keep people safe.”

Mr van Beurden also said that he can see that trust has noticed an “eroding” or trust in the UK, the Netherlands and the USA.

Shell came under heavy criticism from climate groups in 2018, with high profile opposition coming from investor group Follow This.

The firm also faced widespread shareholder opposition over chief executive pay last year.

Mr van Beurden said: “I feel an attack on Shell as an attack on my personal integrity. It’s something I feel deeply, probably at least once a day. If I can reduce that to once every other day, I’ll know that we are making progress.

“Of our three strategic ambitions – to become a world-class investment case, to thrive through the transition to lower-carbon energy and to have a strong societal licence to operate – I’m confident that we can achieve the first two.

“But I can’t see a sure path towards strengthening our societal licence to operate just yet.

“We need to change people’s perceptions through better performance and behaviours. And we need to have a better dialogue with civil society in some parts of the world.”

SOURCE

The Gulf Coast has become home of one the largest producers of a common plastic: Shell fired up its fourth alpha olefins unit at its chemical plant in Geismar, Louisiana, the company said Monday.

The multi-billion dollar expansion adds 425,000 metric tons per a year in capacity to the chemical manufacturing site, bringing its total alpha olefin production up at Geismar to more than 1.3 million metric tons per a year. That makes it the largest alpha olefins producing site in the world, the company said. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Royal Dutch Shell News 27 December 2018

Spreadsheet-analysing investors in control of trillion-dollar funds are forcing polluters to change

When an activist shareholder group last year launched a campaign to force Royal Dutch Shell to set hard targets for cutting carbon emissions, just 6 per cent of those eligible to vote backed the plan. Yet within months Shell had announced an “ambition” to halve its carbon footprint by 2050… This December it pledged to set firm short-term emissions targets from 2020 that will be tied to executive pay. “If we don’t meet them there will be consequences to my salary and others,” said Ben van Beurden, Shell’s chief executive. FULL FT ARTICLE read more

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Royal Dutch Shell News 10 December 2018

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Shell News 5 Dec 2018: Includes latest on OPL 245 graft case

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Royal Dutch Shell News 3 December 2018

By DAVID MEYER A year ago, Royal Dutch Shell said it was going to halve the carbon intensity of its operations and products by the middle of the century. That followed investor pressure, and now the energy giant’s shareholders have scored another major win. Shell issued a big announcement Monday: Not only will it be setting short-term targets in line with its longer-term “Net Carbon Footprint” ambition, but it will also be linking these targets with executive remuneration. Greener Shell = richer executives, or at least that’s the plan — the link will be subject to a shareholder vote at the company’s 2020 AGM. FULL ARTICLE read more

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