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Posts under ‘Matthias Bichsel’

Musings about the OPL 245 Shell/ENI corruption scandal and the sinking confidence in Prelude

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I would have thought that Simon Henry’s position as CFO should now be untenable, in view of the apparent lack of effective financial governance in Nigeria while he was CFO. 

By John Donovan

A large number of press articles have appeared recently mentioning Ben van Beurden. 

Since these articles are presumably fed to the press by Shell’s PR team, and Shell is not a one-man company, I checked to see whether other Shell directors have appeared recently in press releases.

The results are somewhat curious. For example, searching for Matthias Bichsel on Google News shows that articles were published about him at least weekly until October last year, but the articles then stopped abruptly. References to Simon Henry seem to have dried up a few weeks ago – until mid-March there were articles on Henry on an almost daily basis, but recently there has been nothing. Harry Brekelmans seems to have had a low profile since his appointment, so it is harder to see whether any change has occurred. Andy Brown has almost as many press articles as Ben van Beurden.  read more

Matthias Bichsel Joining Petrofac


PETROFAX BOARD: Retirement destination of Shell has-beens?

Petrofac Board is recommending that shareholders approve the appointment of Matthias Bichsel at its 2015 Annual General Meeting. If approved by shareholders, Matthias, who has over 30 years’ relevant experience, most recently as Director of Projects & Technology at Royal Dutch Shell plc, will join the Board as an independent Non-executive Director on 14 May 2015. Matthias brings an extensive understanding of the oil and gas industry and the Board looks forward to working with him. In addition, Roxanne Decyk has notified the Board of her intention to step down as a Non-executive Director at the conclusion of the Annual General Meeting. The consequential changes to Board Committee memberships following these changes will be reviewed in due course. read more

Twister B.V. by name, Twister by nature?

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Screen Shot 2014-06-22 at 17.47.17By John Donovan

Knowing from personal experience the track record of Royal Dutch Shell in stealing ideas, I must say that I am staggered by the audacity of Shell in trying to draw (trick?) inventors into entrusting the ruthless unprincipled oil giant with their brainchild.  The scheme (scam?) is run in various guises, including Shell GameChanger,  Shell Ideas360 and Shell Innovation Challenge. Shell is even offering substantial cash prizes as an enticement. See current example (above) from Shell Australia. read more

Curious about the wording of Shell’s announcement of Bichsel’s departure..?

FROM A REGULAR CONTRIBUTOR 

I’m curious about the wording of Shell’s announcement of Bichsel’s departure….

The announcement focusses almost entirely on Brekelmans, and simply says that Matthias Bichsel (right) is leaving after 34 years – hardly a glowing valedictory for the person who has been number two in Shell (worldwide) for the past few years.

Surely some words of thanks for Bichsel’s years of sterling service and achievements at Shell should have been in order? Or perhaps not, as the case may be.

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Harry Brekelmans joins Royal Dutch Shell Plc Executive Committee

Screen Shot 2014-02-10 at 16.29.29Royal Dutch Shell plc today announced the appointment of Harry Brekelmans as Projects & Technology Director with effect from October 1, 2014.

In his new role, Harry will become a member of the Executive Committee and will take over from Matthias Bichsel who will be leaving the company after 34 years.

Harry is a Dutch national and currently Executive Vice President Operated, Upstream International. He joined Shell in 1990 and has held a variety of international management positions.

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

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

Shell halts work on Pierre River oil sands mine in northern Alberta

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| February 12, 2014 5:18 PM ET

Screen Shot 2014-02-13 at 00.32.08CALGARY – Royal Dutch Shell PLC told regulators it is halting work on its Pierre River mine in northern Alberta’s oil sands and that it has no idea when it may revive the blueprints. The Hague-based company this year cancelled plans to drill in Alaska’s Arctic and postponed development of a liquefied natural gas venture offshore Australia. The company issued a rare profit warning last month before reporting a 49% plunge in quarterly earnings to $2.9-billion. read more

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