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Posts on ‘May 21st, 2013’

Shell says hunt for new CEO is underway

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By Andrew Callus

THE HAGUE | Tue May 21, 2013 9:35am EDT

(Reuters) – The hunt for Royal Dutch Shell’s (RDSa.L) next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group’s annual shareholder meeting.

Voser announced his surprise decision three weeks ago to step down in the first half of 2014, before his 56th birthday, and less than five years into the role.

“The process has started,” Shell chairman Jorma Ollila told Reuters after the meeting when asked about the succession plan. 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 Environmental and Human Rights Crimes in Brazil

EMAIL RECEIVED BY JOHN DONOVAN

Hello John and good-afternoon from Brazil!

I don’t know whether you have been told or not but Shell and Basf have come to a judicial agreement and has paid for our rights along with medical assistance for direct former employees and its children for a lifetime.

Thank you so much for your help.

Truly yours,
Manoel Miguel

Extract

The factory was built in 1977 by Shell. Dozens of former employees of the plant have been diagnosed with prostate, thyroid and other types of cancer, circulatory, liver and intestinal illnesses, as well as infertility and sexual impotence. 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.

We can’t find capable women, says Shell

Royal Dutch Shell has admitted it needs more women on its board but pleaded for “patience” as it tried to find suitable candidates.

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Shell chief Peter Voser told the AGM that it would be “inappropriate” to speculate on the outcome of a European Commission investigation into oil price rigging. Photo: AFP/Getty

By 7:13PM BST 21 May 2013

The energy giant on Tuesday saw the number of women on its top table dwindle to one after non-executive director Christine Morin-Postel stepped down at its annual general meeting. Linda G. Stuntz, another non-executive, will now be the sole woman alongside 10 men.

Challenged by a shareholder on the issue, Shell’s chairman Jorma Ollila indicated the company planned to appoint more women over the next year but said it was still searching for “females who really have the ability to contribute” to the board. “We need a little bit more time,” he told shareholders, asking for “patience”. 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 suffers embarrassing shareholder rebellion over executive pay

Bonus awarded to outgoing chief executive Peter Voser prompts 8% of shareholders to vote against remuneration policy

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Bumper £8m pay package for Shell boss Peter Voser (Daily Mail Article)

Shell suffered an embarrassing 10% shareholder rebellion against its executive pay report on Tuesday.

Almost 8% of the investor base voted against the company’s remuneration policy, which handed its outgoing chief executive Peter Voser a €3.3m (£2.8m) cash bonus in a year when profits dropped by $1.6bn (£1.05bn) to $27bn.

A further 2% of investors abstained from the vote at Shell’s annual meeting in The Hague.

The bonus took Voser’s total salary package to €5.1m, down from €5.2m the previous year, although this is still more than double the $2.7m package given to BP boss Bob Dudley last year. Dudley received no bonus as the company continues to deal with the consequences of the Gulf of Mexico oil spill. 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.

Watchdogs join oil giants on rack in price-fix case

Screen Shot 2013-01-31 at 08.47.44It is not the first time oil companies have been in regulators’ cross hairs. In September 2006, the European Commission fined 14 firms €266.7m (£224.8m) for rigging the price of bitumen over eight years in the Netherlands. Shell received the biggest penalty.

FROM THE SUNDAY TIMES Page 9, 19 May 2013

Watchdogs join oil giants on rack in price-fix case

After whistleblowers’ claims of rigging failed, Brussels is trying to prove it

Extracts from the article by Karl West

It was June last year, and Halfon had just received an email from an oil trader who wanted to expose the tricks used to manipulate oil prices.

Abbott was sent to make sure the person purporting to be a trader was not a crank.

First impressions were good. The middle-aged man was dressed in a smart navy suit, and it was soon clear that he had a “forensic” knowledge of the oil futures market.

It is not the first time oil companies have been in regulators’ cross hairs. In September 2006, the European Commission fined 14 firms €266.7m (£224.8m) for rigging the price of bitumen over eight years in the Netherlands. Shell received the biggest penalty. 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.

The scandal of alleged oil price-fixing

The whistleblower gave Halfon a statement in which he said the price of oil was being deliberately distorted: ‘I trade the oil market on a daily basis and every day the price is manipulated,’ he said. ‘There is ample oil in the system to satisfy demand at the moment. Profiteering seems to be the only objective.’

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By Jon Rees And Sarah Bridge, Financial Mail On Sunday: PUBLISHED: 22:34, 18 May 2013 | UPDATED: 08:15, 20 May 2013

The scandal of alleged price-fixing by British oil companies has turned the spotlight on the bizarre way in which petrol prices for much of the world are set by a few people sat in a London office for 30 minutes.

Britain’s Shell and BP, along with Norway’s Statoil, are at the centre of a massive EC investigation after officials raided their offices in the capital last week.

All of the firms are co-operating with the investigation but they face public outrage if they are proved to have manipulated the wholesale price of oil. 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.

Peter Voser AGM comment on price-rigging: the words of a pharisee?

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No doubt you picked this up already.
 
The words of a pharisee (red is mine). And what does he really mean, allegations of manipulation are against everything we believe. So Shell does not believe in allegations? Manipulation is OK?:

Extracts from Dow Jones Report

THE HAGUE, The Netherlands–The European Union probe into potential energy-price manipulation has made no adverse findings against Royal Dutch Shell PLC, the company’s chief executive Peter Voser said Tuesday.

European antitrust regulators raided the offices of Shell last week… 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.

Kulluk grounding: Shell Oil testimony opens Coast Guard hearing in Anchorage

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Screen Shot 2013-01-11 at 20.09.51Suzanna Caldwell:May 20, 2013

A subdued Anchorage Assembly chambers turned into a federal courtroom of sorts Monday as members of the U.S. Coast Guard questioned Royal Dutch Shell officials over the grounding of one of its prized Arctic drilling vessels in stormy Gulf of Alaska winter weather.

The Coast Guard’s formal marine casualty investigation hearings began by recounting events leading to the New Year’s Eve grounding of the Kulluk conical drilling unit off the shores of Sitkalidak Island, near Kodiak Island. 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 feared disaster days before Alaska rig grounding: official

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ANCHORAGE, Alaska | Tue May 21, 2013 5:28am BST

(Reuters) – Days before a Shell drillship went aground in the storm-tossed Gulf of Alaska, it was clear that towing failures could spell disaster for the vessel, the crew and the marine environment, a company official told a U.S. Coast Guard panel on Monday.

The Kulluk, having completed preliminary drilling on an exploration well in the Beaufort Sea, broke away from its tow lines, and support vessels attempting to regain control of the drillship developed their own engine and mechanical problems, Norman Custard, Royal Dutch Shell’s Alaska emergency response leader, told the panel. 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’s succession plans in focus at annual meeting

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THE HAGUE | Tue May 21, 2013 12:05am BST

May 21 (Reuters) – Royal Dutch/Shell CEO Peter Voser may be making his last appearance on the podium at the company’s annual shareholder meeting on Tuesday, turning the spotlight on management’s plans for a successor.

Voser announced his surprise decision three weeks ago to step down in the first half of 2014, before his 56th birthday, and less than five years into the role.

Employees of the 180-year old Anglo-Dutch group, which traditionally grows its own top executives, believe an import is unlikely to get the top job, but Voser is only the second person to hold the CEO role under a simplified corporate structure introduced in 2005. 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.

Price-fixing investigation targeting Shell, BP, and StatOil

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John,

Your readers may find the following links interesting in view of the latest allegations regarding Royal Dutch Shell, BP, StatOil, and perhaps others:

Racketeer Influenced and Corrupt Organizations Act – Wikipedia, the 

en.wikipedia.org/…/Racketeer_Influenced_and_Corrupt_Organizations_...‎

This law-related article does not cite its references or sources. You can help Wikipedia by including appropriate 

Summary – RICO predicate offenses – Application of RICO laws – Famous cases

18 USC Chapter 96 – RACKETEER INFLUENCED AND CORRUPT 

www.law.cornell.edu › USC › Title 18 › Part I

The Congress number forms the first part of the Public Law number; each Congress  The Public Law field is linked to the development of the law in the Thomas system  RICO · Equal Employment Opportunity Commission · Affirmative action  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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