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Posts on ‘June 26th, 2010’

Royal Dutch Shell holds board meeting in Doha

Saturday, 26 June 2010 22:09

DOHA: The Board of Directors of Royal Dutch Shell plc has met in Doha, underlining the importance of the country as a new heartland for Shell.

Chairman Jorma Ollila, Chief Executive Officer Peter Voser and other senior Board members were received during their visit by Deputy Premier and Minister of Energy and Industry, H E Abdullah bin Hamad Al Attiyah.

The Board of Directors which consists of three Executive Directors, nine Non-Executive Directors and the Company Secretary meets around eight times a year, usually in Shell’s headquarters in The Hague, to discuss Shell’s business and plans. Once a year the Board visits a key location for Shell’s global business and in 2010 they decided to come to Qatar. 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.

SHELL DOWNSTREAM MI SYSTEM

Posting on Shell Blog by IT4me on Jun 26th, 2010 at 8:50 pm

THE CHANGE CONTROL DIKTAT

To make any change to a Downstream MI system today you start by filling-in a stack of forms. Each contains a multitude of questions, including some risible ones of the “are you a terrorist?” variety. You collect signatures, pass the forms to your resident Kremlinologist, then wait for a verdict from the “CAB” (Change Approval Board). This takes a minimum of 10 days, more usually 1 MONTH.

Some emphasis on CONTROL is understandable in the wake of the scandals of the last decade (Enron, RDS Reserves, SocGen…). But look more closely. No EXCEPTIONS are allowed, so a 1-HOUR change now takes 1 MONTH. This is MI, so we are dealing only with HISTORICAL transactions with no scope for a “SocGen”. MI uses lightweight/disposable engineering, not “production grade” stuff, so it simply doesn’t warrant this level of asset protection. A “one size fits all” approach to Change Control has effectively been dumped on MI without the slightest regard for the consequences. 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 has hired bankruptcy attorneys in New Orleans?

Class Derides BP’s ‘Culture of Safety’

By SABRINA CANFIELD

NEW ORLEANS (CN) – While BP’s top U.S. official said he stands by BP’s “culture of safety” and said BP’s practices are the same as those “deployed by the other companies out there,” a federal class action claims that BP refineries in Texas and Ohio have accounted for 97 percent of the “egregious, willful” citations from the U.S. Occupational Safety and Health Administration in the past 3 years.

BP was cited for 760 such violations, while Sunoco and Conoco-Phillips had 8 apiece, Citgo had 2 and Exxon had 1 comparable citation, according to the complaint. 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 turns down Shell cleanup vessel for Gulf of Mexico spill

msnbc.com

by Ted Land
Friday, June 25, 2010

ANCHORAGE, Alaska — Some people are disappointed that BP is passing up an important tool in its response to the Gulf of Mexico oil spill. Shell Oil’s sophisticated cleanup vessel, the Nanuq, could be on its way to the gulf — but instead it’s docked in Seward, waiting for its next assignment.

Shell built the ship in 2007, and says it’s one of the most advanced skimming vessels of its kind in the world.

“She’s definitely the largest that we know of,” said Shell Alaska’s Susan Moore. “She’s got 12,000 barrels of storage, which is above and beyond what most other oil spill response vessels around the world have.” 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’s Eventual Bankruptcy Is Certain

What they’re still touting as the “worst environmental disaster in US history” is quickly growing up into the worst environmental disaster in the history of humanity.

Seeking Alpha

June 25, 2010

There is no doubt that BP (BP) will not emerge from this oil spill disaster intact. Make no mistake – this is the fatal black swan event in BP’s life that is going to take investors by the hundreds down with the ship. Its not going to happen immediately. Much like the slow initial fall and eventual breakneck pace of collapse of a giant tree, the giant oil leak is the event that will catalyze the fall of this far flung and storied company.

Here’s some food for thought in support of my prediction. I also caveat that statement with the possibility that a ‘merger’ or ‘buyout’ will be forced and negotiated out of public view to offset political carnage. Either way, shareholders and taxpayers alike will burn. 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.

Iran Says Door Still Open To Shell But Repsol Pulled Out

THE WALL STREET JOURNAL

JUNE 26, 2010

LONDON (Dow Jones)–Iran is leaving the door open to Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) to join a giant gas project but Repsol YPF (REP, REP.MC) has completely pulled out, a top government official said Friday.

The statement comes after state-owned Pars Oil and Gas Co. awarded contracts to develop phases 13 and 14 of the South Pars field to domestic companies after talks with Shell and Repsol came to no avail.

Speaking to Dow Jones Newswires, Hojatollah Ghanimifard, vice president in charge of investment affairs at the National Iranian Oil Co., said the Anglo-Dutch company has been told to contact POGC so “they will be introduced to contractors” with whom they could work. Shell declined to comment. 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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