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Posts on ‘February 6th, 2010’

Alleged fraud involving 10 senior officials of Shell Brunei

By John Donovan

Some strange events at Shell Brunei Petroleum (SBP).

Around four weeks ago we published an email from a senior official of the Brunei government writing from The Chairman’s Office of Shell Brunei Petroleum, explaining the mysterious absence of  the companies Managing Director, Dr Grahaeme Henderson. It said he was absent for medical treatment.

We understand from our sources that in November the head of SBP HSE left the country in a hurry and did not return.

Now we learn that a number of fraud investigations are going on, allegedly involving Nigerian expats. 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.

Under pressure Shell wields the axe

Heath Aston, Daily Mail
5 February 2010, 9:51am

Oil giant Royal Dutch Shell will cut jobs and refine capacity as it enters an ‘uncertain’ 2010 faced with weak gas prices and depressed refining margins for oil products.

Under pressure from better performing rivals such as BP, Shell chief executive Peter Voser conceded that the Anglo-Dutch company had become bloated during the good times of sky-high oil prices before the financial crisis.

He said: ‘We’ve had four years of record profits. You know yourself when you have a good time you eat a little too much and you get a bit fat.’ 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.

BP ‘missed the boat’ on Shell mega-merger, reveals Browne

guardian.co.uk home

• BP board in Williamsburg squashed proposals in 2004
• Ex chief claims merger could have been worth $9bn a year
• Tie-up with Yukos rejected after ‘untoward’ encounter with Khodorkovsky

Terry Macalister
Friday 5 February 2010 16.24 GMT

Lord Browne claims the merger proposals had the support of his team, which would have included current BP chief executive Tony Hayward (above) who was then head of exploration. Photograph: Suzanne Plunkett/Reuters

Lord Browne took BP to the brink of a mega-merger with Royal Dutch Shell six years ago only to be thwarted at the last minute by opposition from a handful of his own board members, the former chief executive has claimed.

“We missed the boat” argues Browne in his autobiography, which is published on Monday. 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.

Borneo Bulletin: Fraud probe at oil company

By Ignatius Stephen

Saturday 6 February 2010

In an effort to keep the country’s cooperate image clean the Brunei Anti Corruption Bureau has begun a series of massive fraud investigations against more than 10 senior oil company officials.

The amount probed, according to reliable sources, exceeds $5 million and both local and foreign employees are allegedly linked to what is quoted as “irregular material purchase procedures and related matters.”

The company Brunei Shell Petroleum (BSP) has already dismissed some of the officials after questioning while the affairs of others are still being looked into, informed sources said. Some of the others are under investigation, it is learnt. 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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