On 25 January 2008, Carl Mortished, World Business Editor of The Times newspaper wrote an article headlined: Shell chief fears oil shortage in seven years in which he described the site as an independent website that monitors the company.
Sakhalin II
What the news media says about the website that’s cost Shell billions
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website,
johndonovan.website, shellnews.net, and shellwikipedia.com,
are owned by John Donovan. There is also a Wikipedia segment.
What the news media says about the website which has cost Shell billions
In July 2007, the One World Trust, an independent research organisation associated with the UK Houses of Parliament and the United Nations, said in an "Accountability in Action" newsletter: "As The Royal Dutch Shell plc website shows, a gripe site can have a profound impact on global organisations". The newsletter went on to say: "The site has not only cost Shell billions of dollars in Russia... "even Shell insiders unhappy with the company use it".
Financial Times: Revised article on speech by General Patton-Greer: “Pipeliners All!” Shell’s memo to Sakhalin
Financial Times: Revised article on speech by General Patton-Greer: “Pipeliners All!” Shell’s memo to Sakhalin
Last updated: June 6 2007 13:07By Ed Crooks
As if laying pipelines across Sakhalin Island, described by Chekhov as “hell”, were not enough, the engineers battling the elements there have to put up with their bosses motivational memos.
In a leaked email from David Greer, the deputy chief executive of Sakhalin Energy Investment Company, the consortium running the Sakhalin 2 project, he reveals that he despises cowards and urges his staff to “Lead me, follow me, or get out of my way”.Much of the memo appears to have been drawn from a speech by General George S. Patton to US troops ahead of the D-Day invasion, when he said: “When you were kids, you all admired the champion marble player; the fastest runner; the big league ball players; the toughest boxers. Americans love a winner and will not tolerate a loser. Americans despise cowards. Americans play to win – all the time.”
Shell News Archive Thursday 1 December 2005
Shell News Archive Thursday 1 December 2005
Forbes/AFX News Limited: Shell, Naftogaz sign gas exploration pact in Ukraine: “This marks Shell’s first upstream business in Ukraine.”: Thursday 1 December 2005: READSeattle Post-Intelligencer: BP, Shell to form joint ventures with co.: BP PLC and Royal Dutch Shell PLC have agreed to form joint ventures with Venezuela’s state oil company, replacing old contracts under which they pumped crude independently, Venezuela’s oil minister said Thursday.: December 1, 2005: READ
Shell’s woes mount as it admits cost overruns and delays
THE TIMES (UK): Shell’s woes mount as it admits cost overruns and delays
“FURTHER delays and soaring expenditure in big energy projects emerged at Royal Dutch Shell yesterday when the company admitted that the start-up of Bonga, a giant offshore Nigerian oilfield, had been pushed back until late this year.“: “Bonga’s budget has already swelled from a $2.7 billion estimate in 2001 to about $4 billion (£2.3 billion).”: “In a reference to the Sakhalin cost overruns, admitted by Shell a fortnight ago, Mr van der Veer said: “It is clear we must improve project management.”
Friday 29 July 2005
By Carl Mortished, International Business Editor
FURTHER delays and soaring expenditure in big energy projects emerged at Royal Dutch Shell yesterday when the company admitted that the start-up of Bonga, a giant offshore Nigerian oilfield, had been pushed back until late this year.
The billion barrel oilfield was expected to start producing in the summer but Peter Voser, Shell’s finance director, said that production would not get going until the fourth quarter. Bonga’s budget has already swelled from a $2.7 billion estimate in 2001 to about $4 billion (£2.3 billion).
BLOOMBERG: Shell Sakhalin Project Cost Soars, Deliveries Late
BLOOMBERG: Shell Sakhalin Project Cost Soars, Deliveries Late
“Royal Dutch/Shell Group’s oil and gas project in Russia’s Far East may cost $20 billion, 67 percent more than originally planned…”
Thursday 14 July 2005
July 14 (Bloomberg) — Royal Dutch/Shell Group’s oil and gas project in Russia’s Far East may cost $20 billion, 67 percent more than originally planned, because of soaring metal prices and contractor fees and a declining U.S. dollar.
Deliveries of liquefied natural gas are now expected to start in the summer of 2008, the company said in a statement today, some eight months behind schedule. The project at Sakhalin island is the largest foreign direct investment anywhere in Russia. Shell shares pared gains in London after the statement.
Royal Dutch/Shell says Sakhalin II Phase 2 costs could be about $20 billion US dollars
AFX Europe (Focus): Royal Dutch/Shell says Sakhalin II Phase 2 costs could be about $20 billion US dollars
Thursday July 14, 2005
AMSTERDAM (AFX) – The Royal Dutch/Shell Group said investment costs for the Sakhalin II phase 2 project are provisionally anticipated to be “of the order of 20 bln usd.”
This would cover all planned development activity, including drilling activity through to 2014, with liquefied natural gas (LNG) deliveries starting in the summer of 2008, the company added.
Sakhalin Energy Investment Co (SEIC), a venture between Royal Dutch/Shell Group, Mitsui and Co and Mitsubishi Corp, runs the Sakhalin II project.
The Motley Fool: Playing the Russian Shell Game
The Motley Fool: Playing the Russian Shell Game
“It’s better for a foreign investor to stay on the good side of the Russian government. Even if you’re within your rights in turning down a “deal,” being greedy about hanging on to too good of a thing can get you YUKOSed if you’re not careful.”
Posted Saturday 9 July 2005
By Rich Smith
Investors weren’t quite sure what to make of yesterday’s news involving Russia’s Gazprom and partner Royal Dutch (NYSE: RD)/Shell (NYSE: SC). As reported on CNNMoney, Royal Dutch/Shell has cashed in nearly half of its interest in the Sakhalin-2 liquefied natural gas project (located near the island of the same name) in exchange for a 50% stake in the lower stretch of a Siberian gas field known as Zapolyarnoye.
On hearing the news, investors sold off the shares of both Royal Dutch and Shell by about 1% apiece. In contrast, Gazprom’s shares, which trade over the counter, were bid up more than 4%. The negative, though muted, reaction to the news on the part of investors in the foreign oil companies is understandable. After all, Sakhalin-2 has progressed nicely since beginning production in 1999. It’s a proven find, the world’s largest liquefied natural gas (LNG) project, and likely to turn into an all-around winner for its participants (which in addition to the companies named include nearby Japan’s Mitsubishi and Mitsui (Nasdaq: MITSY)). In contrast, it’s not yet known how well the “Lower Zapo” field project will pan out.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
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.
