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Posts on ‘January 3rd, 2014’

Arctic Drilling: Shell explains its contractor management

Screen Shot 2013-01-11 at 20.09.51When the U.S. Department of the Interior reviewed Shell’s 2012 drilling operations, following a series of problems culminating in the grounding of the Kulluk, the company’s floating drilling platform, the agency particularly criticized Shell’s oversight of its contractors, saying that the company’s management systems were insufficiently robust to manage and minimize risk in contracted operations.

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Week of January 05, 2014

When the U.S. Department of the Interior reviewed Shell’s 2012 drilling operations, following a series of problems culminating in the grounding of the Kulluk, the company’s floating drilling platform, the agency particularly criticized Shell’s oversight of its contractors, saying that the company’s management systems were insufficiently robust to manage and minimize risk in contracted operations.

In a newly filed integrated operations plan, required by Interior in conjunction with Shell’s planned continuation of drilling in the Chukchi Sea, the company has spelled out a series of contractor-management procedures. 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.

LNG deal ushers in tighter Shell spending regime

Screen Shot 2014-01-03 at 14.32.05In a separate announcement on Thursday, Shell revealed that Voser, who surprised investors last year with news of his early retirement, will be repatriated to his native Switzerland, where he will work for the local subsidiary on his full group chief executive pay and with a full pro-rata bonus.

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Thu Jan 2, 2014 11:02am EST

* Outgoing CEO Voser to work in Switzerland on full pay

* Deal accounting flatters spending for new boss’s first year

* New CEO faces Q4 results Jan 30, investor day March 13

* Shell has $55 bln to spend in next 2 years under plan

By Andrew Callus

LONDON, Jan 2 (Reuters) – Royal Dutch Shell’s new boss Ben van Beurden will be able to point to a clear downward trend in spending this year, thanks in part to the way the oil company is accounting for an acquisition completed this 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.
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