Oil price slump to hit majors’ earnings
WEDNESDAY 22 OCTOBER 2014
Reuters is reporting that oil companies have seen billions wiped off their stock market values as crude prices dropped over the past four months by 25 percent to a four-year low near $85 a barrel, due to slowing global demand particularly in China and ample supplies. Shares of BP, Royal Dutch Shell, Eni , Total and BG have dropped by 15 to 20 percent since late June.
Shell being blackmailed?
By John Donovan
There is evidence, some of it covertly obtained, that Royal Dutch Shell Plc may be the victim of a sustained blackmail operation.
Shell has not called in the police to investigate. Why not? Because certain information held by the party making repeated money demands to Shell, including directly to Ben van Beurden and other senior Shell executives, is true and if the current cover-up unravels, will result in a scandal of epic proportion involving Shell and a host government.
I am in possession of extraordinary evidence and have no intention of being silenced. If Shell does not call in the police, I will do so myself and hand over the entire evidence for investigation.
Mr Michiel Brandjes, the Company Secretary and General Counsel Corporate, is fully aware of this matter, which involves top executives at Shell.
Peter Voser, Ben van Beurden and Jorma Ollila have all had direct contact with the party making the money demands.
The question of a possible breach of fiduciary duty by Royal Dutch Shell executives may arise from the lack of proper action by Shell to protect shareholder interests.
More information will be added here as the situation develops.
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A TV documentary feature about our co-founder John Donovan, has aired in many countries. A relatedarticle was published in 10 languages.
We provide a global platform, on a responsible basis, for Shell whistleblowers to put confidential information, including insider information and leaked documents, into the public domain e.g. Sakhalin2.
This non-profit website is tacitly endorsed by Shell.
For nearly a decade, we have operated under the Royal Dutch Shell Plc top level domain name, dealing on Shell’s reluctant behalf with redirecting job applications, business proposals, Shell pension enquiries, shareholder and investment enquiries, complaints, invitations to speak at conferences, an approach from the Dutch Defence Ministry, contact on behalf of Fox Business News and CNBC, and even terrorist threats. All communications meant for Shell. A humiliation that Shellcontinues to endure.
Bootlicker: Shell’s Ben van Beurden bows to Putin on Good Friday, 18 April 2014, weeks after Russia had invaded and annexed Crimea
Shell Accused of Unlawful Drilling in New Zealand
MOSCOW, October 9 (RIA Novosti) – Oil and gas giant Shell and its New Zealand partner firm Todd Energy were accused of unlawful offshore drilling in New Zealand, but managed to evade court prosecution and only received a warning letter, New Zealand News UK reports.
According to the Environmental Protection Authority (EPA), Shell Todd Oil Services (STOS) violated the law while carrying out drilling in the Maui oil and gas field without prior approval. Maui is the largest and the most important of New Zealand’s gas and oil fields. To legally carry out drilling activities in the area, companies need to apply for a special resolution or marine permission from the EPA, according to new regulations.
“If an operator wishes to undertake activities [...] such as any new structure or pipeline associated with an existing activity, making changes in the character, intensity or scale of an activity, or any alteration, extension, removal of existing structures or pipelines, they will need to request a ruling or apply for a marine consent from the EPA.”
The co-leader of New Zealand’s Green Party Russel Norman stressed that the behavior of STOS is incomprehensible and New Zealand’s authorities must apply proper punishment measures.
RELATED ARTICLE
Shell and Todd caught drilling without approval
Shell Announces Gabon Deep-Water Gas Discovery
THE HAGUE, The Netherlands, October 22, 2014 /PRNewswire via COMTEX/ — THE HAGUE, The Netherlands, October 22, 2014 /PRNewswire
Shell today announced a frontier exploration discovery offshore Gabon, West Africa.
Leopard-1 is located around 145 kilometres off the Gabonese coast, west of Gamba. It was drilled in water 2,110 metres deep to a total vertical depth of 5,063 metres. Shell and partners are planning to undertake an appraisal programme to further determine the resource volumes.
“Shell has been exploring in Gabon for over 50 years. This latest deep water discovery is a testament to the innovation of our explorers in pursuing new plays, and application of our global sub-surface expertise,” said Andy Brown, Shell Upstream International Director. “We are proud to be sharing this success with CNOOC Limited, our partner in the licence.”
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