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Posts on ‘September 3rd, 2014’

ROYAL DUTCH SHELL: Ice buckets, rust buckets and superbuckets

By John  Donovan

According to the the Vancouver Observer, Shell CEO Ben van Beurden, has accepted the ice bucket challenge from Leonardo DiCaprio to oil sands executives. 

The reputation of his predecessor as Shell CEO, Peter Voser, sunk after he faced and failed a challenge in the Arctic.

Voser came spectacularly unstuck as a result of sending a couple of refurbished old rust buckets into Alaskan waters in an ill-fated tax dodging scandal resulting in ship board fire, explosions, pollution, groundings and public humiliation. 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 not abandoning its US shale ambitions

Screen Shot 2014-02-10 at 16.29.29By John Donovan

Shell CEO Ben van Beurden claims that despite a series of asset sales and costly write-downs, the oil giant is not abandoning the prospect of North American oil and gas shales.  

Shell’s recent reappraisal resulted in a $2bn write-down in book value and plans for Shell to sell hundreds of thousand of US acres. 

Related quotes from Ben van Beurden:

“Asset sales have helped the company narrow its focus on fewer projects where Shell can better compete with the smaller oil and gas companies that have dominated US shale development.”  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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