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Posts on ‘March 5th, 2014’

Mark Moody-Stuart: ‘Dine with the devil’ or lose your influence

Extracts from an article by

Screen Shot 2014-03-05 at 16.39.54For Elizabeth II, it was 1992. For Juan Carlos I, 2007. In the case of Sir Mark Moody-Stuart, former chair of oil giant Shell, his annus horribilis came in 1995. Crisis number one arrived in the shape of Brent Spar, a decommissioned oil rig that Shell wanted to dump in the North Sea. Greenpeace thought it unwise; It took events in Nigeria – where Shell was (and still is) paying the government billions of pounds – to realise that a more pro-active position was needed. Nearly 20 years on, Moody-Stuart has taken to the page to describe the results of that “very bad year”. Moody-Stuart’s recipe for responsible business will satisfy some, but not all. When, and where, should a company draw the line? For him, it’s much preferable to “dine with the devil” than pull out of a country and lose influence. 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.

Glencore interested in buying Shell assets in Nigeria

Extracts from a Reuters report by Silvia Antonioli published Tuesday 4 March 2014

Screen Shot 2013-12-22 at 19.09.52(Reuters) – Commodity trader and miner Glencore (GLEN.L) confirmed on Tuesday its interest in buying oil assets that oil major Shell (RDSa.L) is selling in Nigeria. A source said last month that Glencore and commodity trading house Mercuria were among the short-listed consortiums expected to make final bids on Nigerian energy assets worth around $3 billion that Shell and another two oil majors are selling. Together with Macquarie Group Glencore had also made an unsuccessful attempt to buy Shell’s downstream Australian assets, which were then sold to oil trader Vitol and the Abu Dhabi Investment Council for about A$2.4 billion ($2.2 billion) last month. 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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