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Peter Voser

Peter Voser: cheap shale gas is a myth

Screen Shot 2013-03-23 at 09.15.15Shale gas will not change energy pricing structures across the world, according to the chief executive of Shell

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Emily Gosden

By , in Geoje, South Korea: 8:30PM BST 16 Oct 2013

It is a “myth” that exports of cheap shale gas from America will cut gas prices in Europe and Asia, Peter Voser, chief executive of Royal Dutch Shell has warned.

America is sitting on a glut of shale gas that has seen prices plummet to as little as a third of UK prices. It is now in the process of developing export terminals where the gas will be cooled for shipping abroad as liquefied natural gas (LNG).

UK politicians have hailed the prospect of Britain importing cheap gas from the US as one solution to help consumers struggling with rising energy bills as domestic gas production dwindles. read more

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Shell CEO says shale gas to take longer to develop than expected

Screen Shot 2013-05-03 at 08.17.32Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale gas projects due to poor short-term results. Weak U.S. shale liquids production contributed to a $2.2 billion charge Shell revealed in August and was a key factor in its decision to abandon its goal to deliver 4 million barrels a day of production by 2017. Voser was also sceptical about the success of shale development elsewhere.

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DAEGU, South Korea | Tue Oct 15, 2013 1:42am EDT

Oct 15 (Reuters) – Royal Dutch Shell CEO Peter Voser said it will take a longer time than expected for the company to reap benefits from its shale gas projects due to poor short-term results.

Weak U.S. shale liquids production contributed to a $2.2 billion charge Shell revealed in August and was a key factor in its decision to abandon its goal to deliver 4 million barrels a day of production by 2017.

“We didn’t get the results which we were expecting to get in the shorter term and we will therefore have to develop this a little bit more before we can take benefits from it,” Voser told reporters on the sidelines of the World Energy Congress. read more

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Shell CEO says $100/barrel is ‘good value’ for oil

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By Eric Yep: 15 October 2013

Oil prices are likely to rise in the long-term as production costs escalate and a “good value” for oil is at around $100 a barrel, Peter Voser, Chief Executive of Royal Dutch Shell PLC (RDSB.LN), said Tuesday at an industry conference.

FULL ARTICLE

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US shale is a surprisingly unprofitable miracle

Screen Shot 2013-08-02 at 10.48.21FINANCIAL TIMES

Near outright admissions of error by chief executives, such as Mr Voser’s as quoted in the Financial Times, are far too rare, thanks to the bubbles of sycophancy in which most of them live.

Mr Voser commendably took responsibility in August for a $2.1bn writedown on the value of the company’s US shale assets…

SOURCE FT ARTICLE: By John Dizard: October 11, 2013 7:48 pm

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Lawrence of Alaska joins Stone Energy Corp

By John Donovan

On 21 March 2013 we broke the news that David Lawrence, the Royal Dutch Shell executive most directly responsible for Shell’s infamous “screw up” in Alaska had been fired.

This was possibly in an attempt to save his incompetent bosses, Marvin Odum and Peter Voser, from the same fate.

Voser later took early retirement.

It has been announced today that Lawrence has joined Stone Energy Corporation.

Stone Energy Corporation Announces the Appointment of a New Director read more

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Speculation on hostile bids for Royal Dutch Shell?

Posting by “Outsider” on our Shell Blog Wed, 9 Oct 2013. 10.08 am

It is common knowledge that BP, Exxon and Total (and possibly others) planned hostile bids for Shell after the reserves fiasco. Shell’s current under-performance in comparison with the market, together with huge write-offs on unconventionals and the Arctic suggest that some of these plans may be under consideration once again, perhaps with Chevron added to the list of potential bidders. read more

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Oil & Money shows industry between a rock and a hard place

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Contributed by: DeoBhagan: Wednesday, October 09 2013 @ 12:00 AM AST

On October 4, Morgan Stanley Research Europe reported as follows:

This week we attended the Oil & Money conference in London, where a large number of company CEOs, energy ministers and industry experts presented. Below we focus on two presentations given by Shell CEO Peter Voser and Total CEO Christophe de Margerie. Combined, they highlight the ‘stress’ within the current energy system: capex must go up to meet future energy demand, but capex cannot go up because the industry already invests nearly all its cash flow and returns have become unattractive. read more

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A ‘frack’ in the bridge from coal to gas

With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to read in the Financial Times outgoing Shell CEO Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the company”. This is something of a mea culpa for the fossil fuel heavyweight. Just over 12 months ago Voser was championing the “natural gas revolution”

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By on 9 October 2013

With the hype surrounding the US gas-boom, it’s something of a worrying and cautionary note to read in the Financial Times outgoing Shell CEO Peter Voser quoted as saying his “huge bet on US shale was a big regret of his time as chief executive of the company”.

With a purported $24 billion invested in so-called unconventional oil and gas in North America, the FT reports Shell has recently taken a “$2.1 billion impairment against its assets” with Voser quoted as saying “Unconventionals did not exactly play out as planned”. read more

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US shale gas project ‘biggest regret’ for outgoing Shell boss

Screen Shot 2012-07-27 at 12.35.42Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas. Voser also described the technical setbacks Shell has suffered in its exploration campaign off the coast of Alaska as one of his greatest disappointments in the job. Voser said he did not know if Shell would go back into Alaska in 2014 or 2015.

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Monday 07 October 2013

Outgoing Shell chief executive Peter Voser says in an interview with the Financial Times his biggest regret during his time at the company is the failure of the company’s huge bet on US shale gas.

The FT says Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But the investment has yet to pay off and in August Shell said it would carry out a ‘strategic review’ of its US shale activities.

‘Unconventionals did not exactly play out as planned,’ Voser is quoted as saying. read more

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Vosers big disappointment

 Screen Shot 2013-01-11 at 20.09.51Shell’s drill ship, Kulluk, was set to begin operation this spring. But the vessel ended up running aground on New Year’s Eve, and the company was subsequently fined $US1.1 million for damages incurred. “That was a big disappointment to me personally,” Voser said. The incident forced Shell to delay its drilling plans, and Mr Voser said the company still didn’t know “if we’ll go back [into Alaskan waters] in 2014 or 2015.”

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Shell’s outgoing chief executive, Peter Voser, says any talk of other countries witnessing a U.S.-style fuel production boom has been “hyped.”

In an interview with the FT’s Guy Chazan, Voser also said the company’s Arctic drilling plans have been derailed and may not be back up and running until 2015.

On other countries’ unconventional oil and gas production potential, Voser said China in particular could end up disappointed: read more

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Financial Times Assessment of Peter Voser

Screen Shot 2013-06-30 at 08.30.42…doubts about the performance of Shell have become more evident recently after Shell announced a 20% drop in second-quarter profits, plus losses and write downs in North America and disillusion with Shell’s big spending plans. Voser admits that Shell’s Upstream Americas business was in the red and that exploration results in US shales are disappointing. Shell’s huge bet on US shale is his biggest regret.  Voser further admits that Shell is yet to complete a single well in its Alaska drilling fiasco (despite already spending $5 billion on the ill-fated Arctic project). “That was a big disappointment to me personally,” he said.

By John Donovan: Sunday October 6, 2013

The Financial Times has published two articles today about Peter Voser, the departing Chief Executive Officer of Royal Dutch Shell Plc.

The first article claims that his vision has left Shell in “rude health” following Vosers supposed transformation of the oil giant following the hydrocarbon reserves fraud. The scandal was disclosed to shocked shareholders and the news media in January 2004. Jeroen van der Veer, who actually led the company during the years immediately after the scandal, might feel entitled to some credit. read more

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Tapping Irans oil and gas vital for world demand, say Shell and Total

Lifting sanctions and opening up Iran’s vast oil and gas resources to global companies will be vital to meeting the world’s future energy needs, according to the chief executives of two of Europe’s top oil companies. Before the tightening of sanctions against Iran a few years ago, Shell and Total were two of the most active companies doing business with the Islamic republic.

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By , Business News Editor: 8:20PM BST 01 Oct 2013

Peter Voser, chief executive of Royal Dutch Shell, and Christophe de Margerie, his counterpart at France’s Total, used the Oil & Money conference in London on Tuesday to highlight the potential energy windfall if sanctions preventing international oil companies from dealing with Tehran were lifted.

“Longer term, Iran’s oil and gas resources will have to be developed to meet demand,” Mr Voser said.

He was echoed by Mr de Margerie, who said that he hoped doing business with Iran would again be permitted “as soon as possible, not just for Total but for the world and for Iran. Any country cannot stay out of the system.” read more

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Some very bad news to come from Shell?

Screen Shot 2013-06-30 at 08.30.42FROM A SHELL RELATED SOURCE

John
 
An article published overnight – As Shell sells off even more major shale assets, what could be next? – mentions a figure of $30bn invested by Shell in shale projects.

The write off that Shell announced recently is just $2bn.

How much of the remaining $28bn will shareholders ever see again?

There is probably some very bad news coming…

PREVIOUS POSTING FROM SAME SOURCE: read more

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Shell chief Peter Voser warns of oil crunch without investment

Screen Shot 2013-10-01 at 00.26.05Some analysts have questioned whether a change in management at Shell, with Ben van Beurden due to take over in three months, could see a change in strategy to focus the company on greater returns. JP Morgan asked in a recent investor note: “Does he want to run a lowly-rated, large company or create a smaller, but premium-rated company?” 

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Royal Dutch Shell chief executive Peter Voser is to call on the global energy industry to continue investing heavily in costly new production projects in order to avoid a return to the days of record high oil prices weighing on global growth.

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Demand for energy will double over the next 50 years, Peter Voser will say Photo: Reuters

By , and Andrew Critchlow: 01 October 2013

“Supplying the world’s energy needs will be extremely tough,” Mr Voser will say in Tuesday’s speech, seen in advance by the Daily Telegraph. “Our first priority must be to invest heavily in new supplies, and to maintain it through economic and political turbulence. Failing to do so would be a sure path to another crunch and major price volatility.”

Mr Voser’s comments come amid concern that a pullback in investment by some resource and energy companies following the global financial crisis could result in future shortfalls in supply if economic activity should pick up quicker than was previously expected. read more

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Voser’s on the way out…. let’s book the losses!

Screen Shot 2013-09-30 at 08.37.38The people who will really be laughing are those who sold the US prospects to Shell over the past few years. These assets were acquired by Shell at a cost of several billion dollars right at the top of the market.

FROM A SHELL RELATED SOURCE

Looks like Ben van Beurden is going to be starting with a clean sheet – wholesale disposals (and huge write-offs) in Voser’s last quarter as chairman of the CMD…which of course starts tomorrow.
 
Today’s press mentions disposals of the Eagle Ford shale interests in Texas, shale prospects in Colorado and Kansas, the Chukchi sea prospects off Alaska (interests acquired at enormous cost), and onshore assets in Nigeria – essentially everything that Marvin Odum and Dave Lawrence built up over the past few years plus the Niger delta… And these are just the ones we know about.
 
The people who will really be laughing are those who sold the US prospects to Shell over the past few years. These assets were acquired by Shell at a cost of several billion dollars right at the top of the market. read more

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Defiant Shell unwilling to quit crime-hit Niger Delta

Screen Shot 2013-09-29 at 23.38.41Oil giant Shell has denied running away from its problems in Nigeria. Shell employs 600 contractor companies, who Janzen says “in principle” survey the lines around the clock;  Campaigners suggest some contractors may be implicated in theft, arguably putting Shell indirectly in the frame.

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30 September 2013

The tanker sailed into the Niger Delta, right under the eyes of Nigeria’s armed forces. Crewed by men working for an international criminal gang, it headed inland, hooked up to “bunkering” points illegally installed on Shell’s Trans-Niger pipeline, and began to steal oil.

“Something went dramatically wrong,” says Jurgen Janzen, Shell’s pipeline asset manager. A year ago today, in the early hours of the morning, Shell discovered both the tanker and the pipeline ablaze, a raging inferno billowing black smoke hundreds of feet above the Delta. read more

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LAST NIGHT AT IRISH GOVERNMENT BUILDINGS

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ABOVE IS AN ATTACHMENT TO A BRIEF OSSL EMAIL (BELOW) SENT TO SENIOR EXECUTIVES AND OFFICIALS OF ROYAL DUTCH SHELL EARLIER TODAY

From: THE OSSL COMPANY <[email protected]>
Subject: LAST NIGHT AT IRISH GOVERNMENT BUILDINGS …YOU SHAME THE NAME OF SHELL …
Date: 20 September 2013 07:19:41 GMT+01:00
To: Michael Crothers <[email protected]>, John Shell News <[email protected]>, Michiel Brandjes <[email protected]>, Peter Voser <[email protected]>, [email protected], [email protected], [email protected], [email protected], Neil Rooney <[email protected]>, [email protected], [email protected] read more

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OSSL EMAIL BOMBARDMENT OF SHELL CONTINUES

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By John Donovan

I have published within this article the latest OSSL emails and attachments sent to Shell regarding the Shell Garda alcohol scandal.

OSSL claims that they have actually sent 678 emails to Shell alone requesting payment for the alcohol in question, which was supplied on Shell’s instructions.

They say that copies of the emails are available on request “just ask” – and that the figure does not include emails sent to the Garda on the same subject.

The failure of Royal Dutch Shell senior management to deal with this huge continuing embarrassment is breathtaking. Shell appears to be being run by fools who do not have a clue about crisis management. read more

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Tiresome outrageous allegations by OSSL against Shell

Screen Shot 2013-09-12 at 13.51.56Posting on our Shell Blog 19 Sept 2013:

The practice of accusing Shell of something outrageous and then claiming that lack of rebuttal equates to proof of that claim is getting quite tiresome. Does anyone agree? (ref. OSSL emails to Shell and Irish Police18 Sept 2013)

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By John Donovan

A posting on our Shell Blog this morning by “supershell” makes a fair point…

The practice of accusing Shell of something outrageous and then claiming that lack of rebuttal equates to proof of that claim is getting quite tiresome. Does anyone agree? (ref. OSSL emails to Shell and Irish Police18 Sept 2013)

It is relevant to note that the first OSSL email of today to Supt Thomas Murphy (copied to various Shell executives and lawyers) that I have printed below, claims that 434 out of 435 emails OSSL sent on the alcohol subject to the Garda, Shell, or associates parties, went unanswered. read more

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OSSL emails to Shell and Irish Police 18 Sept 2013

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Screen Shot 2013-09-18 at 13.41.10By John Donovan

More OSSL emails have been sent today to Shell and the Garda.

One includes an email exchange between OSSL and Supt Patrick Diskin in January 2012 under the subject heading:

“Supply of alcohol to Garda on Corrib project.”

I note that Supt Diskin did not take issue with what was stated in the subject heading.

If anyone sent me an email with false information in the subject heading, I would definitely point that out in my reply.

Supt Diskin did not do so because he knew that it was a valid subject, not a figment of someones imagination. read more

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Email from Shell CEO to Irish Police about OSSL ‘demands’

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By John Donovan

We now seem to be getting down to the nitty-gritty in the long running saga in which a small “Mr Fixit” company, OSSL, admits it acted as a conduit for sweeteners (bribes) funded by Shell to smooth the rocky path of the highly controversial Corrib gas pipeline project in Ireland.

Following the personal intervention by RDS Plc Chief Executive Peter Voser, after I arranged for OSSL bosses to corner him at the Shell AGM in May, his chosen envoy, Iain Middleton and the CEO of Shell E&P Ireland, Michael Crothers, met in Dublin the following month with OSSL founders Desmond Kane and Neil Rooney. Peter Voser publicly stated that the objective of the discussions was to resolve the dispute. read more

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John Donovan email to Supt Thomas Murphy: 17 Sept 2013

Screen Shot 2013-08-16 at 11.17.48It must be disconcerting that private communications in relation to your investigation of OSSL allegations are regularly published on my website, sometimes within minutes of being sent.

From: John Donovan <[email protected]>
Subject: OSSL ALLEGATIONS
Date: 17 September 2013 09:40:44 GMT+01:00
To: Thomas Murphy <[email protected]>
Cc: [email protected]

Dear Supt Thomas Murphy

It must be disconcerting that private communications in relation to your investigation of OSSL allegations are regularly published on my website, sometimes within minutes of being sent.

I want you to know that I am willing to not only cease publishing any reference by me personally to OSSL and your investigation, but also to delete entirely from my website ALL past information on the OSSL subject authored by me. read more

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Update on Garda investigation of Shell Corrib Corruption

Screen Shot 2013-08-28 at 00.03.05By John Donovan

I have been supplied with several extracts from current correspondence involving Garda Supt Thomas Murphy, Shell and OSSL, some of which has been copied to Royal Dutch Shell Chief Executive Peter Voser and Garda Commissioner Martin Callinan.

Supt Murphy is carrying out an investigation of the OSSL allegations, which include the claim that OSSL delivered free alcohol to Garda stations on the instruction of Shell E&P Ireland. The consignments, amounting to tens of thousands of euros in value, were all festive gifts.
read more

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Garda investigation into Shell Garda Corruption

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Screen Shot 2013-09-12 at 13.51.56EMAIL SENT FRIDAY 13 SEPTEMBER 2013 BY OSSL TO SHELL EP IRELAND CEO MICHAEL CROTHERS, COPIED TO SENIOR SHELL LAWYERS AND SENIOR GARDA OFFICERS

From: THE OSSL COMPANY <[email protected]>
Subject: Police officers alcohol enquiries ….
Date: 13 September 2013 08:32:03 GMT+01:00
To: Michael Crothers <[email protected]>, Michiel Brandjes <[email protected]>, “<[email protected]>” <[email protected]>, Neil Rooney <[email protected]>, “[email protected]” <[email protected]>, Thomas Murphy <[email protected]>, Peter Voser <[email protected]>, “[email protected]” <[email protected]>, “[email protected]” <[email protected]>, John Shell News <[email protected]> read more

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Midlife crisis for Mr. Voser?

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Man Isn’t Alone; Apes Also Suffer Midlife Crises

August 30, 2013, 7:38 p.m. ET

The petroleum industry is still absorbing the recent, surprising resignation of Peter Voser, CEO of Royal Dutch Shell. Mr. Voser had been riding high with many successes during his stewardship of the petroleum giant. Yet, at the peak of his game at age 54, he resigned, wanting a “lifestyle change,” and to spend more time with his family.

If this constitutes a midlife crisis for Mr. Voser, he appears to have dealt with it with a steady hand. But there is no shortage of people, amid their own midlife crises, going off the rails in ways both small—sudden obsessive exercising, … read more

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OSSL EMAIL TO SHELL CEO PETER VOSER RE CONFIRMATION OF ALCOHOL GIFTS (BRIBES?)

Screen Shot 2013-08-19 at 11.43.50Today we have learned that confirmation of alcohol distribution by SHELL CORRIB DIRECTORS in Ireland has taken place ..confirming what we have been telling you all along.

EMAIL FROM OSSL TO SHELL CEO PETER VOSER RE CONFIRMATION OF ALCOHOL GIFTS (BRIBES?)

From: Des <[email protected]>
Date: 19 August 2013 11:20:01 BST
To: Peter Voser <[email protected]>
Subject: New confirmation of alcohol deliveries by Shell

My Dearest Peter ,

Thank you for the courtesy extended to Neil and myself when we called to see you in Den Haag.

We had a story to tell, you listened intently, you appointed Iain Middleton to meet with us, he listened intently, he was offered  a walk through (physically)to visit the evidence he needed to rectify our damnable situation created by Shell middle management on Corrib corruption….but amazingly he declined saying he had heard enough to take a view …..and that he fully understood our outrage. We pressed him for a reply over the next number of weeks with a view to reaching the resolution you spoke about in Den Haag when he did reply …even more amazingly he said there was no new evidence ….was he listening ? read more

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SHELL GARDA CORRUPTION SCANDAL EXPLODES IN MAINSTREAM PRESS

Screen Shot 2013-03-05 at 15.42.20So here we have an incredible situation in which a small company publicly and repeatedly admits that it engaged in large-scale long term bribery of the Irish Police on the express instruction of its masters, Shell EP Ireland. It admits that related invoices were falsified on the instruction of Shell to hide what was going on. It admits that the free booze used to bribe the police was brought across the border in a clandestine operation. Yet nearly a year after we first published these admissions, there is no criminal investigation of OSSL?

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By John Donovan

Almost a year after we first broke news of the OSSL allegations against Shell, claiming it had been used by Shell EP Ireland to corrupt the Irish police (the Garda), the story has now exploded in the UK and Irish mainstream press. The Observer published a full page article yesterday and the main Irish newspapers have covered the story this morning. There are now calls for an International Independent Inquiry.

Shell and the Garda have attempted to hide behind a smokescreen device claiming initial internal investigations found no evidence. Because of the continued pressure that this website applied in a variety of ways, including regularly publishing evidence and articles, contacting Alan Shatter, the Irish Justice Minister, and every member of the Irish Parliament etc, both Shell and the Garda have launched further investigations. In the case of Shell, after the personal intervention in May by Royal Dutch Shell CEO, Peter Voser, when he was cornered at the Shell AGM.
read more

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Can Shell’s New CEO Lead It to Greatness?

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On July 9, Royal Dutch Shell (NYSE: RDS-A  ) , the Anglo-Dutch oil giant, announced a new CEO. His name is Ben van Beurden, and he will replace outgoing chief executive Peter Voser next year.

Before Shell made the announcement, few people, even inside the industry, knew who van Beurden was. He only recently joined Shell’s executive committee and was by no means leading the pack of executives expected to succeed Voser.

But upon closer review, he may be just the right man for the job. Let’s take a closer look. read more

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Petroleum nationalism fades as super-cycle cools: Kemp

“We are not an opportunity-constrained company, we are a capital-constrained company,” Shell Chief Executive Peter Voser told Reuters in an interview, a position he has stressed to investors several times over the course of this year.

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Fri Aug 9, 2013 7:55am EDT

By John Kemp

Aug 9 (Reuters) – The balance of power between host countries and petroleum companies has shifted decisively as a result of the shale revolution and the push into deepwater oil and gas fields off the coast of Latin America and Africa.

The first decade of the 21st century was dominated by talk about increasing “resource nationalism” as governments demanded a greater share of the revenues from natural resources located on their territory.

But in the past three years, resource nationalism has disappeared from the agenda. Rather than trying to impose tougher terms on oil and gas companies, most countries are now competing to attract investment by offering reductions in royalties and lower tax rates. read more

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Oil majors to stay onshore Nigeria despite grumbles

A wave of planned sales of onshore Nigerian assets by oil majors has prompted speculation that they are finally leaving the Niger Delta because of oil theft, gangsterism and political uncertainty. In reality, though, foreign firms such as Royal Dutch Shell , Chevron, Eni and Total are here to stay, industry sources say.

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Thu Aug 8, 2013 8:02pm IST

* Shell, Chevron selling blocks, Eni reviewing position

* Oil majors complain about security, regulatory uncertainty

* Majors likely to keep hold of best assets, eyeing gas

* Sales could be hampered by state oil firm interests

By Joe Brock

ABUJA, Aug 8 (Reuters) – A wave of planned sales of onshore Nigerian assets by oil majors has prompted speculation that they are finally leaving the Niger Delta because of oil theft, gangsterism and political uncertainty.

In reality, though, foreign firms such as Royal Dutch Shell , Chevron, Eni and Total are here to stay, industry sources say. read more

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Trouble in fracking paradise

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By | August 7, 2013, 1:32 AM PDT

The shale revolution is “a little bit overhyped,” Shell CEO Peter Voser said last week as his company announced a $2.1 billion write-down, mostly owing to the poor performance of its fracking adventures in U.S. “liquids-rich shales.” Which of its shale properties have underperformed, Shell didn’t say, but CFO Simon Henry admitted that “the production curve is less positive than we originally expected.”

Shell was a latecomer to the tight oil game. As late as 2010 it was acquiring mineral rights at inflated prices, predicting that those properties would produce 250,000 barrels per day in five years. Three years down the road, they are yielding only 50,000 barrels per day, and the company intends to sell half of its shale gas and tight oil portfolio. Shell has officially abandoned its production target of 4 million barrels per day by 2012-2018. Instead, Voser said, “we are targeting financial performance.” read more

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ALFRED DONOVAN AND ROYAL DUTCH SHELL

Screen Shot 2013-08-02 at 12.59.12AN OPEN LETTER TO MR MICHIEL BRANDJES, COMPANY SECRETARY & GENERAL COUNSEL CORPORATE, ROYAL DUTCH SHELL PLC.

SUBJECT: THE DEATH OF MY FATHER, ALFRED DONOVAN

From: John Donovan <[email protected]>
Subject: THE DEATH OF MY FATHER, ALFRED DONOVAN
Date: 2 August 2013 12:46:37 GMT+01:00
To: [email protected]

AN OPEN LETTER

Dear Mr. Brandjes

I am disappointed, but perhaps not surprised, that Shell management has not been gallant enough to make any comment about the death of my father, a 96 year old 2nd World War veteran who had a business relationship with Shell stretching back over 50 years, the majority of which was mutually beneficial and friendly. read more

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A Nigerian nightmare for Voser as Shell shares slide

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By Rob Davies: 2 August 2013 (Headline as per newspaper article)

Departing Shell boss Peter Voser lamented a ‘clearly disappointing’ quarter as the oil giant suffered a slump in profit and ditched production targets it set just two years ago.

Continuing problems with oil theft in Nigeria and a writedown on the value of its US shale operations proved the main drag on pre-tax profit, which tumbled 60 per cent to £1.6billion.

Even stripping out the US writedown in its ‘liquids-rich’ shale assets, the quarterly profit was 20 per cent below last year’s result at £3billion, sending shares down 105p to 2133p. read more

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Shell profits drop on shale write-down and Nigerian woes

Royal Dutch Shell profits dropped 60pc to $2.4bn (£1.6bn) in the second quarter after concluding its shale oil and gas assets in North America were worth $2.1bn less than it had thought.

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8:15AM BST 01 Aug 2013

Excluding the impact of the big one-off writedown, profits still fell 20pc to $4.6bn, a result chief executive Peter Voser admitted was “clearly disappointing” and blamed in part on the deteriorating security situation in Nigeria.

Shell said it would embark on a major programme of asset sales, picking up the pace of divestment from the $21bn it has sold off over the past three years. It launched a strategic review of its North American shale assets, as well as a previously-announced strategic review in Nigeria. read more

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Rising costs, Nigeria troubles blot Shell profits

Screen Shot 2013-06-30 at 08.30.42(Reuters) – Rising costs, a surge in oil thefts and disruption in Nigeria and other negative factors hit profits at Royal Dutch Shell on Thursday, leading outgoing chief executive Peter Voser to call the second quarter result “disappointing”.

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By Andrew Callus

LONDON | Thu Aug 1, 2013 7:48am BST

(Reuters) – Rising costs, a surge in oil thefts and disruption in Nigeria and other negative factors hit profits at Royal Dutch Shell on Thursday, leading outgoing chief executive Peter Voser to call the second quarter result “disappointing”.

Shell said it took a $700 million (461 million pounds) hit for a combination of Nigeria and for the tax impact of a weakening Australian dollar, and warned that Nigeria itself faces a $12 billion annual bill for the disruption. Shell recently put more of its Niger Delta activities up for sale. read more

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New revelations in Shell Corrib Gas Corruption Scandal

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By John Donovan

We have already published several articles about Shell’s corruption of the Irish Police Force, the Garda.

Shell has spent almost €100,000 at legitimate retail value on supplying free alcohol (brought across the border) to quell the thirst of hundreds of Garda officers involved in supposedly policing the controversial Corrib Gas Project on an impartial basis. Complaints have been made over the  past several years by environmental campaigners and members of the local population all alleging that the police are working for Shell. read more

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Shell’s new CEO reinforces gas technology focus

 Screen Shot 2013-07-10 at 00.09.36…van Beurden is from the downstream part of the business which wrested control from the upstream oil and gas division in the aftermath of Shell’s reserves accounting crisis of 2003/2004. A chemical engineering graduate, van Beurden had a front seat for the crisis, in which the company was forced to downgrade its oil and gas reserves that top executives had over-estimated for years. He worked between 2002 and 2004 as management assistant to Phil Watts, the head of company who was sacked in the aftermath of the debacle in 2004.

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LONDON | Tue Jul 9, 2013 9:38am EDT

(Reuters) – Royal Dutch Shell (RDSa.L) named refining head Ben van Beurden as its new chief executive, picking a man with little board-level experience but broad company exposure and first-hand knowledge of the gas technology it has bet its future on.

Van Beurden, who became head of refining, marketing and chemicals in January, has been at the Anglo-Dutch group for 30 years and spent a decade in the liquefied natural gas (LNG) industry. read more

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Shell picks Ben van Beurden as surprise new chief

Royal Dutch Shell has named Ben van Beurden, a 30-year company veteran, as its new chief executive in an unexpected appointment.

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By : 9:21AM BST 09 Jul 2013

The Anglo-Dutch energy giant said on Tuesday morning that Mr Van Beurden, 55, will take charge at the start of next year, with current CEO Peter Voser remaining at Shell until May.

When Mr Voser stunned investors by resigning two months ago, Mr Van Beurden (pictured right) was not believed to be one of the frontrunners, with chief financial officer Simon Henry touted as a likely successor. Mr Van Beurden runs Shell’s downstream business, which sells petrol to consumers and industry, and is a relative unknown. read more

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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

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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

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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

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Royal Dutch Shell members of the secretive Bilderberg Group

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Royal Dutch Shell Plc board members Peter Voser, Simon Henry and Jorma Ollila, all members of the sinister Bilderberg Group and participants in the controversial 2013 Bilderberg Conference. How is their membership is such a secretive organisation compatible with Shell’s claimed core business principles of openness and transparency? (Comment by John Donovan)

Famous for being shrouded in secrecy, the Bilderberg conference took place in Britain for the first time since 1998 and conspiracy theorists believe this is where leaders plot world domination.

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The huge police operation drafted in to monitor the four-day event in Watford, which has previously attracted mass demonstrations, could cost the British taxpayer as much as £2million or more, it has been claimed. Since its inception in 1954, Bilderberg  has held annual gatherings of 120-150 invited political leaders and experts from industry, finance, academia and the media, designed to ‘foster dialogue between Europe and North America’. The group describes the conference as ‘a forum for informal, off-the-record discussions about megatrends and the major issues facing the world’ and states that the private nature of the meeting allows participants to ‘listen, reflect and gather insights’ without being bound by the conventions of office or by pre-agreed public positions.There is no detailed agenda, no resolutions are proposed, no votes are taken, and no policy statements are issued.

Several cars with blacked-out windows entered the gates of the Grove Hotel, near Watford, in Hertfordshire, were seen arriving the secretive meeting. Some were heckled by crowds of protestors outside.

BILDERBERG CONFERENCE 2013: FULL LIST OF PARTICIPANTS

Chairman: Henri de Castries, Chairman and CEO, AXA Group

Paul M. Achleitner, Chairman of the Supervisory Board, Deutsche Bank AG

Josef Ackermann, Chairman of the Board, Zurich Insurance Group Ltd

Marcus Agius, Former Chairman, Barclays plc

Helen Alexander, Chairman, UBM plc read more

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Shell skullduggery in Nigeria

Screen Shot 2012-12-23 at 15.30.38Today The Wall Street Journal reports that “Shell Contractors” have been arrested in connection with the theft of oil. This relates to the explosion and fire earlier this week that resulted in the closure of the Trans Niger pipeline.

By John Donovan

We have been reporting for some time about Shell skullduggery in Nigeria, including:

A Guardian article confirmed from its own sources our long standing allegation that Shell has fuelled violence in Nigeria by paying rival militant gangs. These were the people attacking Shell oil pipelines thereby driving up the global oil price to Shell’s great benefit.

Today The Wall Street Journal reports that “Shell Contractors” have been arrested in connection with the theft of oil.  read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Who Will Replace Shell Chief Peter Voser? Top 6 Potential Front-runners

Screen Shot 2013-05-21 at 23.30.59An article published on 18 June contains information about six potential front-runners to replace Peter Voser, the current Chief Executive of Royal Dutch Shell Plc

The six are: Simon Henry, Marvin Odum, Andrew Brown, Matthias Bichsel, Josef Ackermann and Hans Wijers.

Link to the article

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European energy policy ‘not working’

Peter Voser attacked the EU’s renewables subsidy as he claimed the continent’s approach to energy was failing. read more

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Shell hatches Ithaca farm-in deal

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Eoin O’Cinneide 17 June 2013 06:50 GMT

Shell has farmed into an Ithaca Energy licence off the UK in a deal which could eventually see the Anglo-Dutch supermajor bag 100%.

The Peter Voser-led oil giant is getting a 50% interest in Ithaca’s P2048 production licence which straddles blocks 29/24, 29/25, 29/29 and 29/30 off the UK.

FULL ARTICLE

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Shell steps on the natural gas

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For the first time more than half the energy giant’s profits have not come from oil. The shift reflects a gas revolution

Danny Fortson Published: 9 June 2013

Three months ago at a shipyard in Rotterdam, Daniela Voser, the wife of Shell’s chief executive, smashed a champagne bottle on the hull of a river barge.

The Greenstream lacks the grandeur of a cruise ship, but its launch was notable nonetheless. It is the first vessel built to run on liquefied natural gas. It produces a quarter of the carbon dioxide and a fifth of the nitrous oxide typically emitted from barges powered by fuel oil.

The gas powers electric engines, which means the boat is much less noisy, too. The Greenstream is the Toyota Prius of marine transport. read more

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Shell CEO Voser: Wants to Work on Sustainability After He Retires

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June 5, 2013

LONDON–Shell Chief Executive Peter Voser said Wednesday that he wanted to work on the sustainability agenda when he retires from the oil major next year. “I want to give something back which I learned over the last 30 years and work on the sustainability agenda long term, which body, which area, I have no clue at this stage,” he told reporters.

Mr Voser, who last month said he would retire next year, said he planned to take up some non-executive directorships on boards, though not on the board of Shell. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell CEO Calls for Europe Carbon Reduction Target Extension

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Royal Dutch Shell Plc Chief Executive Officer Peter Voser said Europe needs to extend its targets for curbing greenhouse gases and promoting renewable energy by a decade through 2030.

“To actually change things you need time and we are a little bit concerned if you have a short-term target,” Voser told reporters today in London. “We favor one target, which sets action with greenhouse gas.”

The European Union has a binding target to cut greenhouse gases by 20 percent compared with 1990 levels, increase the share of renewable energy to an average of 20 percent and a goal of boosting energy efficiency by one-fifth in 2020. The European Commission said in March a framework for the decade after 2020 is needed to give investors legal certainty, spur innovation and prepare for a global climate deal. read more

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Shell’s Peter Voser: we have ‘nothing to hide’ on oil pricing

Royal Dutch Shell, one of the energy giants under investigation for suspected oil price rigging, has “nothing to hide”, its chief executive Peter Voser has said.

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By 6:02PM BST 05 Jun 2013

European Commission investigators raided Shell’s offices last month on suspicion the oil major could have colluded with BP and Norway’s Statoil to manipulate the price-reporting process for more than a decade.

“The investigation is ongoing and we are co-operating. It is for the European Commission to find evidence and facts at this stage,” Mr Voser said, declining to comment on details of the investigation.

But he added: “Transparency is a key word. It’s not just on pricing side, it is on taxation and in general how we do business. Shell has always been at the forefront of driving transparency. We have nothing to hide. read more

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