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Posts Tagged ‘Matthias Bichsel’

Only a fraction of big gas export projects will be built, Shell exec says

Screen Shot 2014-02-10 at 16.29.29Extracts from a Seeking Alpha article published 9 June 2014

Only a fraction of the big natural gas export projects being developed around the world will become reality, as high costs and low profit margins in the gas sector sink those that once had promised huge returns on investment, Royal Dutch Shell (RDS.A, RDS.B) director of projects and technology Matthias Bichsel tells Reuters. He knows from experience: Estimated development costs for the Gorgon LNG project in Australia (Shell owns 25%) have soared from $37B initially to nearly $55B thanks to high labor expenses and complex technology, Shell quit the Wheatstone LNG project in the country, and it also has abandoned a proposed gas-to-liquids project in Louisiana. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Leaving a sinking ship: Royal Dutch Shell Plc

Screen Shot 2014-06-09 at 14.58.51Bichsel will undoubtedly leave shortly, joining Ollila, Rees, Brown, Brinded, Voser, Finlayson, Carne… And when everything starts to collapse, he will at least now have the satisfaction of saying “I told you so”. This is typical for a coward…

By John Donovan

Earlier today Reuters published comments attributed to Royal Dutch Shell Plc Executive Director, Matthias Bichsel.

Extract

“There is always so much talk about these big LNG projects around the world, but only a small fraction of them will get built,” said Matthias Bichsel, who is also a member of Shell’s Executive Committee.

The Financial Times has this weekend pointed put “the company’s leadership is changing at a time when its financial performance has been under scrutiny from investors” and also drew attention to the recent profit warning, following a succession of dismal quarterly results.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

U.S. ‘over-fracked and over-drilled,’ Shell technology official says: Hype ‘dangerous’

The United States’ oil and gas industry has “over-fracked and overdrilled”, according to Matthias Bichsel, projects and technology director at Royal Dutch Shell Plc.

Screen Shot 2013-10-18 at 10.02.38 By Yadullah Hussain, Financial Post October 17, 2013 11:00 PMThe United States’ oil and gas industry has “over-fracked and overdrilled”, according to Matthias Bichsel, projects and technology director at Royal Dutch Shell Plc.

“The reservoirs don’t need that many wells. The reservoirs don’t need that many stages of fracks, because not all the pieces of the rocks are as good,” Mr. Bichsel said in a telephone interview from Vancouver last week, where he was speaking at a company event.

The United States is on course to become the world’s largest oil supplier, according to PIRA Energy Group, a New York-based energy consultancy.

“The U.S. shale liquids growth of 3.2 million barrels per day over the last four years has been nearly unparalleled in the history of world oil; only Saudi Arabia in 1970-74 raised its production faster,” PIRA said in a statement. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Cyber attacks on royaldutchshellplc.com

Screen Shot 2013-01-23 at 14.00.51By John Donovan: We had enjoyed a brief respite from the constant cyber attacks on this website, but the main disruptive activity restarted earlier this week. Michiel Brandjes, the Company Secretary & General Counsel Corporate of Royal Dutch Shell Plc had previously issued a denial of any involvement by Shell. However, for a number of reasons, including certain comments submitted for publication on our Shell Blog containing implied threats and reference to hacking, I believe Shell is behind what is going on. Such underhand operations designed partly for intimidation purposes, only make us more determined. We should not be too surprised if Shell is responsible, because for over a decade the company has engaged in a range of hostile covert activity against us. We have the evidence in the form of authentic Shell internal and external communications. It is possible that some of our recent postings relating to Peter Voser, Simon Henry, Matthias Bichsel, and the man in the Shell Hat, may not have been well received.  read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Matthias Bichsel and the Shell reserves fraud

Screen Shot 2013-02-21 at 11.44.36By John Donovan

Within the next few days we will publish authentic Shell internal confidential emails and documents that provide irrefutable proof that like his fellow Royal Dutch Shell Plc executive director, Simon Henry, Matthias Bichsel (right) was aware years before the Shell reserves fraud became public knowledge, that Shell was cooking the books. Many Shell executives, including Matthias Bichsel, knew group guidelines for booking proven reserves were no longer in accordance with the requirements of the U.S. Securities and Exchange Commission, but withheld that vital information from investors. In other words, participated in the long-running cover-up, which after a hundred years of trading, destroyed the Royal Dutch Shell Group in its original Anglo-Dutch partnership form. It is breath-taking arrogance on the part of Shell senior management that Shell did not rid itself in 2004 of all executives tainted by the scandal. The smell lingers on and damages the reputation of the current executive committee, which has to put up with our articles on the subject because what we say is true and they know we have the evidence to prove it in court.
read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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