Mar 1st, 2016
by John Donovan.

Marvin FINALLY got called out for his incompetence.
His presiding over the disasters in the Arctic and in the $40 billion shale misadventure finally caught up with him as all those who took the fall earlier had gone and BvB finally saw him as the liability he was.
That was why he was ‘moved’ into the departure lounge position in the first place.
I cannot think of a single executive offhand who willingly got off the gravy train before their time regardless of what Corporates press writers spin. read more
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Mar 1st, 2016
by John Donovan.

RIO DE JANEIRO: Tue Mar 1, 2016
Brazil’s Petroleo Brasileiro SA (PETR4.SA) has cancelled an agreement to sell to a local oil firm its 20 percent stake in two offshore oil fields it operates with Shell, the state-led oil company said in a securities filing on Monday.
Petrobras gave no reason for the cancellation of the sale of the stake in the Bijupirá and Salema fields in the Campos basin to PetroRio PRIO3.SA.
Royal Dutch Shell Plc (RDSa.L), which owns 80 percent of the two fields, announced two weeks ago it was cancelling a planned sale of its share to PetroRio, then known as HRT, and gave no explanation for the move. read more
shellplc.website and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.