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Posts on ‘December 18th, 2012’

CHRIS FINLAYSON AND THE ROYAL DUTCH SHELL RESERVES SCANDAL

“With regards to the reserves fraud, Mr Finlayson was either part of the cover-up, or negligent in his fiduciary duties as a senior Shell executive, supposedly protecting the interests of investors”; “That should be of great concern to investors in BG Group. Surely the company could have found a new CEO untainted by scandal?”

John Donovan

In January 2004 news broke about the Shell reserves fraud. These examples from hundreds of news reports speak for themselves:

Daily Telegraph: Shell drops ‘bombshell’ on reserves: 9 Jan 2004
The Times: How Shell blew a hole in a 100-year reputation: 10 Jan 2004
The West Australian: Investors howl for Shell’s blood: 12 Jan 2004

Shell executives, led by then chairman Sir Philip Watts, who has recently repented by becoming the Rev. Sir Philip Watts, admitted they had repeatedly lied to investors about the true level of Shell’s oil and gas reserves. Shell senior management had engaged in a massive cover-up to fool the market i.e. deceive its own shareholders. Shell admitted that it had misled investors. 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 scraps drilling plan in contested Canadian area

18 December 2012

* Shell to focus on larger shale plays

* To build water recycling plant using royalty credits

* 4-year moratorium was due to end

By Jeffrey Jones

CALGARY, Alberta, Dec 18 (Reuters) – Royal Dutch Shell Plc has scrapped plans for a coalbed methane gas project near Canada’s Pacific Coast in the face of local opposition and weak natural gas prices, ending an eight-year battle over development, the company and the British Columbia government said on Tuesday.

In addition, the provincial oil and gas authority said it will not issue any more drilling rights in the Klappan area, which the local aboriginal community had identified as having special cultural and spiritual significance. 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 commences Corrib Gas onshore pipeline tunnel

Monday, December 17, 2012 – 06:58 PM

Shell E&P Ireland has said tunnelling has commenced on the Corrib Gas onshore pipeline in Co Mayo.

The company said a specially designed boring machine called ‘Fionnuala’ installed the first concrete ring in the tunnel beneath the sea floor yesterday morning.

Construction of the tunnel, which will carry part of the Corrib onshore pipeline, is expected to last 15 months.

SOURCE

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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