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Posts on ‘July 9th, 2013’

Shell names van Beurden as surprise choice for CEO

“It’s initially something of a surprise. The question is, who is this guy,” Royal Bank of Canada analyst Peter Hutton said.

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LONDON | Tue Jul 9, 2013 4:55am EDT

(Reuters) – Royal Dutch Shell (RDSa.L) named head of refining Ben van Beurden to replace chief executive Peter Voser, a surprise appointment to steer Europe’s biggest oil firm through an industry-wide battle to replace reserves and control costs.

Analysts and investors had not considered van Beurden, who has worked for the company for 30 years, as a possible contender to replace Voser next year.

Their early focus was on Finance Director Simon Henry and other divisional heads Marvin Odum, Matthias Bichseland and Andrew Brown. 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 Picks New Chief Executive

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LONDON — Royal Dutch Shell, Europe’s largest oil company, surprised markets on Tuesday by naming Ben van Beurden to succeed Peter Voser as chief executive on Jan. 1.

Mr. van Beurden, a Dutch national who is 55, has headed Shell’s large marketing and refining business since January and has been a key player in its liquefied natural gas business, in which Shell is the world leader among publicly traded oil companies.

He was chosen by Shell’s board over better-known candidates including Andrew Brown, head of exploration and production; Marvin Odum, head of the company’s Americas business; and Simon Henry, the chief financial officer, well-known to 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 still No.1 on Fortune Global 500 List 2013

Screen Shot 2013-07-09 at 15.50.47 Screen Shot 2013-07-09 at 15.51.35 Rank: 1 Previous rank: 1 CEO: Peter R. Voser Employees: 87,000

Last year, Shell held the number one spot on the Fortune Global 500 list and was pushing to drill in the Arctic. This past March, the U.S. government blocked the company from drilling until it can provide a more convincing plan for exploring the region. The company has also paused another risky endeavor — one of its pipelines in Nigeria that caught fire this summer. Shell shut it down and began investigating the cause of the fire in late June.

Shell, however, remains strong. Its earnings for the first quarter of 2013 beat analyst expectations. Despite problems with certain drilling projects, the company continues to rake in money from various assets, one of which is its profitable Pearl gas-to-liquid plant in 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.

North Sea leaks ‘reality check’ for British oil industry, says Greenpeace

Britain’s offshore rigs and platforms have leaked oil or other chemicals into the North Sea on 55 occasions over the past month alone, challenging claims by the industry that it has a strong safety and environmental record. Among the fields to have reported pollution discharges is Piper Alpha, the scene of the world’s worst offshore accident in terms of fatalities when it blew up, killing 167 workers, 25 years ago. Facilities operated by Shell, BP and BG were all offenders, according to the latest petroleum operations notices (PON1s) reported to the Department of Energy and Climate Change (DECC).

Environmentalists say industry’s arctic safety case undermined by figures showing 55 pollution incidents in last month

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Britain’s offshore rigs and platforms have leaked oil or other chemicals into the North Sea on 55 occasions over the past month alone, challenging claims by the industry that it has a strong safety and environmental record.

Among the fields to have reported pollution discharges is Piper Alpha, the scene of the world’s worst offshore accident in terms of fatalities when it blew up, killing 167 workers, 25 years ago.

Facilities operated by Shell, BP and BG were all offenders, according to the latest petroleum operations notices (PON1s) reported to the Department of Energy and Climate Change (DECC). 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 hunt for WMDs in the oil price process

Screen Shot 2013-07-09 at 12.35.14Monday, July 08, 2013: The EC raid on the offices of BP, Shell and Statoil on May 14th seeking evidence of oil price manipulation has created a level of consternation not seen since the hunt for weapons of mass destruction (WMDs) in Iraq. If the WMDs had been there they would probably have been found. The difference with the search for evidence of oil price fixing is that, if it is there, it will be very difficult to recognise. If the evidence does not actually exist, it would be easy to mistake the actions of traders going about their lawful, if complex, business for market abuse. 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.

Nigeria: EU, Italy, Netherlands to Probe Malabu Oil Deal

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The European Union has promised to commence an investigation into the Malabu oil deal scandal. This follows a letter by international extractive industry advocacy groups, Publish What You Pay (PWYP) and Zero Corruption Coalition (ZCC) have written the Italian and the Netherlands governments urging them to urgently institute an investigation into the Malabu oil deal scandal, LEADERSHIP has learnt.

Copies of the letters dated July 5, 2013, and exclusively obtained by LEADERSHIP, were addressed to Italian Prime Minister, Mr Enrico Letta, and copied the Minister of Foreign Affairs, Ms. Emma Bonino, Minister of Economy and Finance, Fabrizio Saccomanni, as well as the Minster of Justice, Annamaria Cancellieri, with the caption “Urgent Need for Italian Investigation and Diplomatic Engagement.” 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, Shell stall biofuel plans, cut down $57m investment

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EBR Staff Writer: 08 July 2013

European oil giants BP and Royal Dutch Shell are deferring their investments in bio-fuel projects by holding a consolidated investment of about $57m during the first quarter of 2013.

Industry sources claim that the current quarter witnessed the lowest investment for bio-fuel production since 2006.

FULL ARTICLE

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.

Ben van Beurden is an insider who has made late rise to the top

FINANCIAL TIMES

July 9, 2013 10:16 am

By John Aglionby

After a lifetime of service to Royal Dutch Shell but little known outside the company, Ben van Beurden will become chief executive following a recent rapid, and unconventional, rise up the top rungs of the corporate ladder.

FULL FT ARTICLE

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.

Denial of Service Attack on Royal Dutch Shell Plc .com Website?

It is true that the attacks by an unknown party on our website all too often seem to coincide with an important breaking news story about Shell. It is also true that we have broken important Shell news stories as a result of information received from our insider sources. We know this is a matter of huge concern to Shell that has led the company into mounting covert operations against us and our website involving Shell Global Security and outside intelligence resources. A senior spook at the top of Shell Global Security leaked information to us confirming what Shell had been up to.

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Subject: Attack?

John
 
Might I be right in thinking that your problems over the past few days may be related to today’s announcement of the new CEO?
 
I guess it might have been too much for Shell to swallow if you had succeeded in making the announcement prior to the official release of the news!

REPLY BY JOHN

It is true that the attacks by an unknown party on our website all too often seem to coincide with an important breaking news story about Shell. It is also true that we have broken important Shell news stories as a result of information received from our insider sources. We know this is a matter of huge concern to Shell that has led the company into mounting covert operations against us and our website involving Shell Global Security and outside intelligence resources. A senior spook at the top of Shell Global Security leaked information to us confirming what Shell had been up to. Too early to comment on why our website has been down for over 24 hours at a time so convenient to Shell, until after the unexpected surprising news about the appointment of Ben van Beurden entered the public domain.
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 Names Refining Chief Van Beurden to Succeed CEO Voser

Royal Dutch Shell Plc unexpectedly named refining boss Ben van Beurden to succeed Chief Executive Officer Peter Voser as Europe’s largest oil company looks to manage rising capital spending. When Voser announced his retirement in May, Chief Financial Officer Simon Henry and U.S. head Marvin Odum were seen as front runners for the top job.

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By Brian Swint – Jul 9, 2013 10:17 AM GMT+0100

Royal Dutch Shell Plc (RDSA) unexpectedly named refining boss Ben van Beurden to succeed Chief Executive Officer Peter Voser as Europe’s largest oil company looks to manage rising capital spending.

Van Beurden, who will take over in the New Year, has led the company’s downstream unit, which refines crude and sells products to consumers, since January and was previously head of the chemicals business. When Voser announced his retirement in May, Chief Financial Officer Simon Henry and U.S. head Marvin Odum were seen as front runners for the top job. 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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