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Posts on ‘February 5th, 2012’

AP Interview: Shell hopeful for Arctic drilling

Associated Press

Published: February 5th, 2012 08:59 AM
Last Modified: February 5th, 2012 09:04 AM

ANCHORAGE, Alaska – It’s the billion-dollar question in Alaska for 2012: Will this be the year Shell Oil begins large-scale offshore exploratory drilling in Arctic waters?

Two months into 2012, the oil giant is beyond the lead time it said it needed to assemble the flotilla of support vessels that must accompany drill ships to leases in the to the remote Chukchi and Beaufort seas. But Shell Alaska Vice President Pete Slaiby remains hopeful drilling can begin when Arctic Ocean ice melts this summer, even as he awaits a green light from regulators. read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

Pemex Seeks to Add Conoco, Shell Subsidiaries to Suit


MEXICO CITY—Mexican oil company Petroleos Mexicanos has filed a motion to add ConocoPhillips and subsidiaries of Royal Dutch Shell PLC to a 2010 suit in U.S. federal court that seeks damages against companies that had allegedly purchased natural-gas condensate that Pemex said was stolen from its operations in northern Mexico.

In a proposed amended suit that was attached to the motion, Pemex, as the state-owned company is known, said it doesn’t allege that either company “acted with intent or knowledge or that it was part of any conspiracy,” but it does allege that they are liable for “transactions involving the stolen property of Mexico.” read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell CEO Peter Voser on a Swiss roll…

Introduction by John Donovan

It seems timely, in view of recent postings on our Shell Blog, to republish an article about Shell CEO Peter Voser authored by retired Royal Dutch Shell Executive, Paddy Briggs (right). It was first published on 27 July 2009. Paddy is currently a Member Nominated Trustee of the Shell Contributory Pension Fund.

On a Swiss roll…

By Paddy Briggs

Here’s the story. You are a Swiss accountant with a proven record of ruthlessness and synthetic business acumen. You are comfortable with numbers – that’s what you do – but you know little about the minutiae of the oil business. How can you be – you are not an “oil man” you are a “dollars man”. By guile, good fortune and the Peter Principle you find yourself at the helm of one of the world’s biggest oil and gas companies. You know that you will struggle with the difficult things – like creating an organisation that finds, develops, transports, refines and markets hydrocarbons. You know nothing at all about the oil and gas chain from exploration to consumption. You’ve never really worked in it – other than seeing spreadsheets which show you how much it costs. But you are now in charge. So what you do is retreat to the familiar world of numbers. That world where there is certainty – where something that costs “$100m” is only supportable if an adequate ROACE is assured. And where, even though future earnings are always, by definition, unpredictable you find a way of getting bogus certainty where there is none. By appointing more accountants and listening to them.null read more and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.
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