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Posts on ‘October 31st, 2012’

Shell ends 2012 Arctic Ocean drilling off Alaska

AP News By Dan Joling on October 31, 2012

ANCHORAGE, Alaska (AP) — Royal Dutch Shell PLC has concluded drilling for the season in the Arctic Ocean off Alaska’s northwest and north coast.

Shell Alaska spokesman Curtis Smith says the company completed one top hole in both the Chukchi (chuck-CHEE’) and Beaufort (BO-fort) seas.

Top holes are the foundation of an exploratory well. They consist of 20-foot in diameter mud-line cellar dug 40 feet into the sea floor to provide protection from ice for a blowout preventer, plus a hole drilled to about 1,500 feet. read more

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All the worst Shell traits – secrecy, haughtiness, inertia

 From our Shell News Archive Sunday 31 October, 2004

The fallout from the Shell reserves fraud continues…

The Independent On Sunday (UK): Business View: Shell’s real location problem is finding more black stuff: “The misreporting of reserves scandal showed all the worst Shell traits – secrecy, haughtiness, inertia.”: “So what’s the hurry? Was it because Shell had to admit that it had uncovered another 900 million barrels of doubtful crude in its reserves and was likely to uncover 600 million more?”

Sunday Express (UK): Shell boardroom changes backfire on reserves news: “ONE OF the world’s most influential financial firms has given the thumbs down to an announcement from Shell it is to end its 97-year-old dual board structure.”: “…financial ratings agency Standard & Poor’s said it had adjusted Shell’s investment rating downwards to “creditwatch negative”, a status which implies there may be more bad news to come from the company.”

Mail on Sunday (UK):  Shell bosses in a charm offensive: “The Board, headed by Jeroen van der Veer, will see thousands of staff to explain the proposed changes and shore up the mood of the employees damaged by scandals over Shell’s inflated oil reserves.”: “Last week, Shell was forced to downgrade its estimates of proven oil reserves for the fifth time this year. Reserves are now a third lower than originally thought” 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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