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Thursday, January 22, 2015

Lloyd’s List PR Fanfair Saluting Nazi named mega-ship The Pieter Schelte

Lloyd’s List PR Fanfair Saluting Nazi named mega-ship The Pieter Schelte

Jan 22nd, 2015
by John Donovan. 
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THIS ARTICLE, INCLUDING THE SCREENSHOTS, WAS SUPPLIED IN ADVANCE OF PUBLICATION TO LLOYD’S LIST AND ALLSEAS WITH THE INVITATION TO CORRECT ANY INACCURATE INFORMATION. IT FOLLOWS THAT BOTH FIRMS HAD THE OPPORTUNITY TO SEEK AN INJUNCTION TO PREVENT PUBLICATION. 

Screen Shot 2015-01-13 at 16.45.27
Screen Shot 2015-01-20 at 14.43.40By John Donovan
The above screenshot is from the front cover of the January 2015 edition of Horizons Magazine published by Lloyd’s Register. The front page lead story, is a multipage PR extravaganza trumpeting the key involvement of Lloyd’s Register in the creation and building of the Pieter Schelte, “the world’s largest-ever ship.”
The one thing that spoils the celebration about the gigantic vessel, which arrived in Rotterdam days ago, is that it is named in honour of a senior Waffen SS Nazi officer jailed for war crimes, Pieter Schelte Heerema.
According to one report, after gaining promotion in the Waffen SS, he was responsible for forcibly resettling unemployed Dutch workers into areas of Eastern Europe, where many died.
After release from prison, given the stigma attached to his name, Pieter Schelte prudently retreated to Venezuela, where according to a recent Forbes article, he allegedly helped German war criminals escape Allied justice.
Despite all of this toxic historical baggage, the founder of Allseas, the company that owns The Pieter Schelte, Dutchman Edward Heerema, named the giant ship after his father.
Like many other multinationals involved with The Pieter Schelte project, including the oil company Shell (one of its first customers), and financial backers, ABN Amro, ING, RBS and NIBC, Lloyd’s Register has long known about the dark side of the name, but has remained silent on the toxic issue.
Lloyd’s Register knew of his Nazi pedigree when commissioning, approving and publishing the above PR article, rejoicing in its close connection with the Nazi named ship. The name of the ship is mentioned 15 times in the overall feature, comprising the front page, the contents page and the article pages.
The explanation for the origin of the name fails to reveal the Nazi aspect:
“The 382-metre-long, 123.75-metre- wide, 403,342gt installation/ decommissioning and pipelay vessel is a twin-hulled vessel named after the offshore pioneer Pieter Schelte Heerema, father of the Swiss-based Allseas Group’s owner Edward Heerema.”
Classic PR spin. Some might describe it as a cover-up. “Offshore pioneer” is a much more appealing description than a Waffen SS Nazi officer jailed for war crimes.
Although numerous articles about the controversy have been published since 2007, Lloyd’s Register neglected to disclose what it knew about the astonishing background of the man being honoured in such a prominent way – having the biggest ship in the world named after him.  This was not an individual of high distinction, nor a member of royalty, or a famous historical figure of high regard, but instead, a former officer from the murderous Waffen SS.  
The name is a mark of distinction, but of the worst possible kind. Who would want to Captain a vessel with such a distasteful name? Who would want to be a member of its crew? Certainly no one of  Jewish descent, or people who are superstitious and might view the Nazi SS name, with all its evil connotations, as being a bad omen attached to the ship. 
No wonder Lloyd’s Register did not openly disclose the stigma attached to the Nazi linked name.
All of the huge businesses associated with Allseas in the Pieter Schelte project, Royal Dutch Shell, bankers and Lloyd’s Register, have uniformly turned a blind eye to the Nazi linked name. (Shell and its Nazi boss, Sir Henri Deterding, financially supported Hitler and the Nazi party for several years in the run up to World War 2.)
On 11 January 2015, I sent an email to Richard Sadler, the Chief Executive Officer of Lloyd’s Register, an institution of global renown founded in 1760.
I received a response the following day on his behalf from the Group Legal Director of Lloyd’s Register, Mr Jim Harrison.
This is what he said in relation to the naming of the vessel.
The role of Lloyd’s Register in relation to this vessel is to provide our technical classification and statutory plan approval, survey and certification services to help ensure the safety of the vessel and its work. We play no part in the choice of, or the approval of, the name of the vessel which is a matter to be decided between the owner and the vessel’s national ship registry which is Panama in this case.
Extracts from my reply:
I note there is no denial that Lloyd’s Register has been well aware for a long time about the controversy surrounding the name.
Would Lloyd’s Register have remained silent and continued with the money spinning contract on the same grounds you have quoted, if the name had been Adolf Hitler? I think we both know the answer.
Personally, I think it is appalling that two global organisations – Lloyd’s Register and Royal Dutch Shell, have allowed a third, Allseas, to foist this affront to decency and the memory of all who perished at the hands of the Nazis.
Whether due to a lack of scruples, or extremely bad judgement, Lloyd’s Register is actively glorifying the project on your website and elsewhere, despite knowing that it is named after a Nazi War Criminal.
Mr Harrison ignored my question to Mr Sadler asking if Lloyd’s Register had raised the issue with Allseas or its owner, Dutchman Edward Heerema, about the wisdom of naming the ship after his father.
The controversy surrounding the Nazi linked name has not just been the subject of news articles since 2007, but was also the subject of a cross examination in a recent extraordinary trial and when I say extraordinary, that description, in this case, is no exaggeration.
The Pieter Schelte and its controversial name were all part of the case before the court. The judge, Mr Justice Peter Smith, thought the Nazi linked name to be of sufficient significance to include extracts from a relevant cross-examination in his judgement dated 26 June 2014 .
Some brief extracts from the cross-examination included in the Judgement:
MR JUSTICE PETER SMITH: He was in the Dutch SS, was he?
A. No, he was in the German SS.
MR JUSTICE PETER SMITH: The German SS,
MR TAGER: He joined the German SS, And then he left the SS you say in the middle of the war?
A. I don’t know the exact time but that is .. he changed his mind, that is ..
MR JUSTICE PETER SMITH: I didn’t know you could leave the SS, I thought it was a job for life.
A. I have no comment on that, my Lord.
MR JUSTICE PETER SMITH: Was he in the Waffen SS or the non-Waffen SS? Do you know?
A. I do not know that. 
MR TAGER: My Lord, some might regard that as a quibble. He was in the SS. And, after the war, he went to Argentina, didn’t he?
A. He went to South America, I think he went to Venezuela.
Q. Venezuela, I’m so sorry, With the help of the Vatican?
Q: And that is why the name of the ship is very controversial isn’t it? They’re not many ships afloat on the seas named after a former member of the SS, are there?
A. No.
Please see paragraph 33 onward of the High Court Judgement – link below. I took the trouble of making the entire judgement available online on a searchable basis.
Other pages from the Judgement provide the judges assessment of Mr Edward Heerema and the competence and gullibility of named Allseas directors. One short-duration Allseas director, Mr Merek Rejniak, was held by the Judge to be one of  the fraudsters responsible for the £100 million scam perpetrated on Allseas.
I think most ordinary people, if they read the information contained in the court documents and via the links below, might share my assessment of Mr Heerema as an arrogant sinister man, apparently normally protected when travelling in his home country by a team of four bodyguards, who employs a security manager (see below) and engages in shady financial machinations.
Leo van Wezel, a former police detective, has been the security manager of Allseas since 1995. It is fair to say that he was ridiculed by the Judge on the basis of his testimony, including his remarks about the notorious American security firm, Blackwater and the US government. His ethics and professionalism were also drawn into question as was the reliability of his testimony. The judge pointed out that Mr Wezel was given evidence by one of the fraudsters to hide from a UK Metropolitan police unit (which specialises in money laundering cases). He removed that evidence from the UK jurisdiction.  It ended up in the hands of solicitors overseas acting for his employer, Allseas.  The judge remarked that it was surprising conduct for a former police officer.
The judge rightly criticised Allseas attitude to the UK police and described it as “another example of the inadequacy of the evidence of Allseas in this case.”
It was the greed of Edward Heerema and his long-time fellow directors, Messrs Kooger and Visser, who the judge described as “unbelievably inept and naive,” that made them dupes in an elaborate pantomime of a scam in which the Pope, The Vatican, The Queen of England, The US Federal Reserve Bank, the UN, and others, were unwitting players. The judge ruled that Messrs Kooger and Visser were in breach of their duties as Allseas directors to the extent that it passed the threshold of potentially constituting contributory negligence in the £12 million loss to the company as a result of the scam – a loss that would have been £100 million if not for the timely determined intervention of the UK police and the action the police took despite opposition and threats from Allseas.
Extract from paragraph 29 of the judgement:
At the end the loss was confined to €12m not because of anything the Claimants did but because of the efforts of the Metropolitan Police who protected the balance of the monies in the Notable account despite the protests on the part of Allseas. They actually threatened the Metropolitan Police with claims for damages if the monies were not released.
Extract from paragraph 331:
Equally, but for the intervention of the Metropolitan Police I have no doubt that the balance of the £88m would have disappeared…
Many of the ingredients here for a good Bond movie. Subterfuge, intrigue, a huge sum of cash, cops, villains, a mysterious tycoon, court room drama, a prominent Nazi, international locations. Wonder who should play Mr Big?
I fully acknowledge that any degree of opprobrium or shame on the part of Lloyd’s Register for the vessel being allowed to sail under the name of The Pieter Schelte is minimal compared with that of its owner. However, Lloyd’s Register had the opportunity to raise the matter and even withdraw from the project at any stage after becoming aware of the Nazi linked name, but failed to to so and was therefore acquiescent to that extent.
Lloyd’s Register would not, under any circumstances, have anything to do with a huge new ship if it was named Adolf Hitler, but turned a blind eye to a less prominent, but still well known and detested Nazi.
I would be amazed if Lloyd’s Register had not, at some time, considered – probably with some trepidation – the possibility of a firestorm of negative publicity eventually arising from the Nazi name. If so, Lloyd’s Register still continued its close association with The Pieter Schelte project despite that obvious possibility.
I sincerely think that Lloyd’s Register should disassociate itself from the project unless this salute to a WAFFEN SS Nazi is dropped. It is offensive, particularly at this sensitive time, as pointed out by Eamonn Fingleton in his most recent Forbes article on the subject: After Charlie Hebdo, An Acute “PR Dilemma” For Big Oil.
RELATED INFORMATION
Google translation of an fd.nl article updated on 25 December 2014 (which contains a link to the source article in Dutch).
Google translation of a Quote Magazine article dated 18 December 2007: HEEREMA MISTREATED IN DUBAI
RELATED ENGLISH LANGUAGE PUBLICATIONS – OLDEST FIRST 
Dutch outcry over naming giant ship after Nazi: USATODAY/ASSOCIATED PRESS 11 July 2008
Nazi name row torpedoes ship launch: Daily Express 07 Nov 2008
JEWS UPSET About Naming Of Giant Ship: 11 Nov 2008 TheState.com South Carolina
Should Ireland oppose insult to jews: Ireland.ie 28 June 2009
ALLSEAS PRESS RELEASE Friday 2 August 2013
Film of Royal Dutch Shell founder Sir Henri Deterding giving a Nazi salute: Article published 23 June 2014
High Court Judgement (INVOLVING EDWARD HEEREMA/ALLSEA’S DIRECTORS:  26 June 2014
SCREENSHOT BELOW FROM SHELL.COM WEBSITE 16 JAN 2015 WEBPAGE HEADING: News and media for the Brent Decommissioning project.Screen Shot 2015-01-16 at 21.40.10
Posted in: Adolf Hitler, Allseas, Germany, GoogleNews, John Donovan, Litigation, Oil,Pieter Schelte, Royal Dutch Shell Nazi Secrets, Royal Dutch Shell Plc, Shell.

Tagged:  ·  ·  · You are here Stakes are too high with Arctic drilling, and Shell isn’t ready

Jan 22nd, 2015
by John Donovan. 
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Screen Shot 2014-08-06 at 09.25.26From an article by Lois Epstein published 21 Jan 2015 by Alaska Dispatch News

Extracts
Two years ago on New Year’s Eve, Shell’s Kulluk Arctic offshore drilling rig grounded near Kodiak Island. It was an industrial calamity heard around the world, including a cover story in the Jan. 4 issue of The New York Times magazine.
Between Shell’s 2012 offshore drilling and mobilization problems and the federal government’s difficulties in overseeing Arctic Ocean leasing as discussed below — not to mention the recent dramatic drop in the price of oil — it is becoming increasingly clear that Arctic Ocean drilling faces insurmountable hurdles, especially in 2015.
As is clear from the grounding of the Kulluk, moving drilling rigs and other infrastructure to and from the Arctic Ocean without incident is both complex and critical to drilling success. Even though many of these mobilization risks are under the U.S. Coast Guard’s jurisdiction, they need to be disclosed and quantified by the Interior Department. Despite Shell’s 2012 debacle, the department did not sufficiently address mobilization risks.
Posted in: Alaska, Arctic, Beaufort Sea, Chukchi Sea, Environment, Oil, Oil Spill,Pollution, Royal Dutch Shell Plc.
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The TRUTH will set you FREE.
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Tuesday, January 20, 2015

Blood in the water and other ARTICLES, January 20, 2015

Blood in the water

Jan 20th, 2015 
by John Donovan. 
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Screen Shot 2015-01-20 at 22.34.58

Mergers offer a chance to cut costs and save money. Prices are low. BP, now fit, lean and cheap, is not best placed to go shopping itself. So it could be on someone else’s list.Screen Shot 2015-01-20 at 22.32.28

The oil giant’s troubles could make it a takeover target, especially if the price of crude keeps falling

INVESTORS in BP are a patient bunch, and well rewarded for it. Britain’s third-largest company pays generous and reliable dividends, making it a mainstay of many private and institutional portfolios. But in the run-up to the oil giant’s quarterly results on February 3rd, some investors are jittery. Although BP’s dividend yield is a juicy 5.8%, its shares have fallen by a fifth over 10 years, greatly underperforming the broader market (see chart) and making total shareholder returns slightly negative. This is mainly because of the Deepwater Horizon disaster in the Gulf of Mexico in April 2010, which cost 11 lives and a stonking $43 billion (and maybe more) in fines, legal bills, compensation and clean-up.
BP has slimmed since then. It has sold more than $40 billion of assets, cutting its size by a third, as it continues to fight (and mainly lose) lawsuits and appeals. Now cheap oil is adding a new edge to its woes. Until recently BP made plans based on an oil price of $100 a barrel. When it announced its latest $1 billion restructuring plan in December, it tried to reassure investors that its investment plans assumed an oil price of $80, but with a fallback level of $60. The price was $65 then. Now it is below $50. As we went to press on January 15th BP was announcing further job cuts.
Not only does existing capital spending (an annual $24 billion-plus) look unaffordable, but those generous dividends—the top priority—will gobble cash. An institutional shareholder wonders if BP may resort to paying next month’s dividend in new shares (or “scrip”). “They are being overwhelmed by events,” he says.
So the chances have grown that one of BP’s rivals will seek to capitalise on its weakness and bid for it. Although its value has fallen sharply, its market capitalisation is still $107 billion, so the list of possible buyers is short. The most talked-about potential suitors are Exxon Mobil (market value $380 billion) and Shell ($197 billion), with Chevron ($196 billion) as a possible “white knight” merger partner to fend off the other two. There are some state oil and gas firms big enough to afford BP (the Saudi, Qatari or Kuwaiti ones, say), but none seems to be in shopping mood just now.
All the firms involved decline to comment. But it is easy to see some advantages to a takeover by Exxon. The two companies fit, in that Exxon’s American business is smaller than its international operations. And BP, though nominally British, is strongest in America. Exxon has lots of cash and low borrowing costs. It did a good job of absorbing Mobil, another rival, in 1999. Moreover, the biggest blight on the BP share price is its American lawsuits. It has handled these badly. Exxon, with its unrivalled political clout, might do better.
Another attraction is BP’s nearly 20% stake in Rosneft, Russia’s biggest and best-connected oil company. Rosneft is in trouble: heavily indebted, cut off from Western capital markets by sanctions, and bailed out by the Russian state in December. But for a far-sighted outsider, Russia’s oil and gas reserves are hard to ignore. BP has made a lot of money there so far. Sanctions forced Exxon, which has deep ties with Russia, to cancel its Arctic drilling project with Rosneft. Buying BP could offer a way back in. It would take a brave boss to do this; but Exxon’s Rex Tillerson is made of stern stuff.
Perhaps the strongest reason for a takeover is not BP’s plight, but the oil industry’s general gloom. The S&P Global Oil index has performed only marginally worse than BP over the past 10 years—it is up just 2.6%. All the big energy companies were wrestling with rising costs and falling reserves even before the oil-price fall. Now they are grappling with its consequences. Mergers offer a chance to cut costs and save money. Prices are low. BP, now fit, lean and cheap, is not best placed to go shopping itself. So it could be on someone else’s list.
BP wants to stay independent. Its bosses believe they have done well since 2010, ending an era of bloat, excessive ambition and corner-cutting on safety. Any buyer would have to surmount some big obstacles. Britain’s former imperial oil company has close ties to the establishment. A sale to an American buyer would mean a political row, in an election year.
It is also uncertain that Exxon would be able to solve BP’s remaining American lawsuits. The biggest headaches are in Louisiana, a state where outsiders tend to fare poorly, whether they are foreigners or just from out of state. Many legal wheels have turned since Barack Obama ostentatiously referred to BP as “British Petroleum” in what some saw as opening the hunting season on the company. One would have to believe that the American legal system was open to influence from politics and money to think that switching ownership would help. Some might say it is, but Exxon would hesitate to argue that case publicly. Boards are usually nervous about buying a company embroiled in lawsuits.
You can’t be sure of Shell
Nor does the idea of Shell taking over its old partner and rival look quite so attractive when examined in detail. BP’s former chief executive, Lord (then John) Browne, did once consider a merger, at a time when his company was top dog. Shell is now the stronger party. It has a solid balance-sheet, and there are some attractive synergies and cost savings to be had.
But big, hostile bids are not the Anglo-Dutch company’s style. It has a lot on its plate. Its big bets on gas and Alaskan drilling are not going well. Whereas BP sold assets when oil prices were high, Shell is now scrambling to do the same at a time when takers are few. This week it had to scrap a huge petrochemicals project in Qatar.
Melding together the two firms’ cultures might be no easier than if Exxon were the buyer. BP has never quite shed its imperial ways, including a climate in which employees feel nervous about bringing the boss bad news. Shell is an engineering-driven company, which sees itself as flatter and more collaborative. Anti-monopoly worries would require complicated and risky untangling of downstream assets—and in hard times.
The risks and costs of trying to buy BP, and then absorbing it, may be enough to make potential predators think twice about having a go right now. And there are plenty of other oil firms they could buy, that would not come with BP’s baggage. But if the oil price stays low, or if BP’s condition worsens for other reasons, all bets are off. The company has changed a lot in the past decade. To guarantee its independence it will have to do even more now.
Posted in: Alaska, Arctic, BP, Exxon Mobil, Gulf of Mexico, Litigation, Oil, Oil Prices,Royal Dutch Shell Plc, Russia, Shell, Shell BP Merger, United States.
Tagged:  ·  ·  ·  ·  ·  · · 

Shell fined nearly $1 million for falsely selling green motor fuel

Jan 20th, 2015 
by John Donovan. 
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Screen Shot 2015-01-20 at 21.26.18SHELL FOUND TO HAVE MISLABELLED ULTRA-LOW SULFUR DIESEL

From ClickGreen staff. Published Tuesday 20 Jan 2015 under the headline:

Shell slapped with near-$1 million fine for falsely selling green motor fuel

The U.S. Environmental Protection Agency (EPA) has announced a settlement with three companies affiliated with Shell Oil Company to resolve Clean Air Act violations, including selling gasoline and diesel fuel that did not conform to federal standards.

The violations resulted in excess emissions of harmful air pollutants from motor vehicles, which pose public health threats and environmental impacts. The companieswill pay a $900,000 penalty to resolve these violations.
“Fuel standards established under the Clean Air Act play a major role in controlling harmful air pollution from vehicles and engines,” said Cynthia Giles, assistant administrator for EPA’s Office of Enforcement and Compliance Assurance.
Screen Shot 2015-01-20 at 21.40.11“If unchecked, these pollutants can seriously impair the air we breathe, especially during summer months when they can reach higher levels. This settlement makes clear that if companies fail to produce fuels that comply with federal standards, they will be held accountable.”
Actions by three companies affiliated with Shell Oil Company—Deer Park Refining Limited Partnership, Motiva Enterprises LLC, and Equilon Enterprises LLC, which does business as Shell Oil Products US—are alleged to have resulted in violations of the provisions of the Clean Air Act that ensure the production, testing and sale of high-quality vehicle and engine fuels in the United States. Specifically, EPA alleged that:
• Shell sold mislabeled diesel fuel—fuel labeled ultra-low sulfur diesel that was actually low sulfur fuel—at two gas stations in Northern Virginia. EPA inspectors discovered the violations at the stations, one of which came after receiving a complaint from a consumer. Low sulfur diesel fuel contains up to 500 parts per million of sulfur; ultra-low sulfur diesel may not exceed 15 parts per million of sulfur.
• Shell sold over 4.2 million gallons of gasoline that exceeded a fuel standard for volatility, known as the Reid Vapor Pressure level, that helps control ground level ozone during summer months. Gasoline with higher volatility results in increased emissions of volatile organic compounds, which contribute to the formation of ground level ozone. Breathing ozone can trigger a variety of health problems, particularly for children, the elderly and people who have lung diseases such as asthma.
• Shell distributed about 700,000 gallons of gasoline from its Sewaren, New Jersey terminal that contained elevated levels of ethanol. Excess ethanol in gasoline can harm emission control components on some vehicles and engines. The Reformulated Gasoline Survey Association, an organization that works to improve industry compliance with Clean Air Act fuel standards, identified the fuel with excess ethanol after surveying Shell retail stations in Irvington, N.J. and Staten Island, N.Y., and notified EPA.
• Shell failed to follow various protocols for sampling, testing, reporting and recordkeeping requirements that help ensure compliance of its fuel with federal standards. Shell proactively reported some of these violations to EPA. Recordkeeping, reporting, sampling and testing violations reduce EPA’s ability to know whether fuels meet certain standards and can lead to increased vehicle emissions.
RELATED
In a settlement with the Environmental Protection Agency, three Shell Oil Co. affiliates will pay $900,000 for violating the vehicle fuel standards.
The companies will pay a $900,000 penalty to resolve these violations.
Posted in: Environment, Motiva, Oil, Pollution, Royal Dutch Shell Plc, Shell, Toxic contamination, United States.
Tagged:  · 

Exxon Mobil, Royal Dutch Shell, and Petrobras In Trouble?

Jan 20th, 2015 
by John Donovan. 
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Screen Shot 2015-01-05 at 17.17.52
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By: MICHEAL KAUFMAN: Published: Jan 20, 2015
James Chanos is a renowned short-seller, hedge fund manager, and the founder of Kynikos Associates – an investment firm which specializes in short-selling. In an interview with CNBC last Friday, Mr. Chanos cited serious problems for some of the largest oil producers, leading him to short some major oil companies for a couple of years, including Exxon Mobil Corporation (NYSE:XOM), Royal Dutch Shell plc (ADR) (NYSE:RDS.A), and Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR).
Mr. Chanos believes that the US shale revolution was uneconomic from the very beginning and major drillers continue to lose as weaknesses in shale economics are exposed. The US will become the biggest oil producer in 2015 and the increase in supply would be large enough to disrupt the entire market, including the Big Oil firms. “Days of findingcheap oil are over,” he added.
Due to the lack of cheap and conventional oil sources, companies have been trying to explore oil which is difficult and expensive to drill. Major oil exploration and production companies will find their business models “challenged” and would have to take up exploration activities to the Arctic or set up drilling rigs in the middle of an ocean. The current oil price level is not high enough to adequately support such capital intensive crude oil exploration.
He noted concerns over billion-dollar long-term projects of oil producers despite the availability of cheap energy in North America. The increasing production will only serve to extend the demand-supply gap, further compounding the misery of oil producers. Moreover, these projects are highly leveraged. They rely on debt, which adds a new dimension of riskfor oil companies. Unprofitable investment projects, excessive supply, and a ton of debt is a “witch’s brew” according to Mr. Chanos.
Another interesting point from his interview was that Mr. Chanos would have maintained his negative view on the big oil companies even if crude oil price ranged from $80-90 per barrel. His negative viewpoint stems from his belief that the business models of large-scale oil producers are struggling. It implies that major oil producers might be in trouble even if crude oil price rebounds.
When questioned whether oil companies would bust, Mr. Chanos refused to give out a general verdict which would be applicable across the energy sector but focused on looking at each company individually as they have differing balance sheets, cash flow statements, and income statements. He did, however, point out that major national firms, like Petrobras, are more likely to be “problematic”.
Stocks of Exxon Mobil and Shell have tumbled 8.11% and 10.08%, respectively, over the last year, while Petrobras shares have crashed 43% as it fights a major corruption scandal.
Conventional wisdom will make it seem like Exxon Mobil and Shell are better positioned than smaller energy firms to withstand the volatility in oil price. However, for a man who has made his fortune short-selling major stocks, Mr. Chanos, said something might be wrong here.
SOURCE
Posted in: Alaska, Arctic, Bidness Etc, Exxon Mobil, Fracking, Oil, Oil Prices, Royal Dutch Shell Plc, Shale Gas, Shale Oil, Shell.
Tagged:  ·  ·  ·  · 

Goodfellow or Badfellow?

Jan 20th, 2015 
by John Donovan. 
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Screen Shot 2015-01-19 at 23.17.45By John Donovan
There have been a number of posts on our Shell Blog by insiders welcoming the apparent departure of Paul Goodfellow, Vice President US Unconventionals for Upstream Americas.
e.g.
POSTING BY “F-150″
So, Christmas has finally arrived in The States with the announcement that Goodfellow is finally leaving. After seeing the havoc he has inflicted in Deepwater and Unconventionals it will be good for folks like Crouching Tiger to see the damage non-Americans can do to shareholder value. Remember Walter, Phil and David Greer?
A more recent posting suggests he has been promoted?
So I am not absolutely sure if he has fracked off or not?
I did check his Linkedin page when the first Shell Blog posting was made and note that since then, his CV seems to have suddenly shrunk to a bare minimum.
To ensure his contribution to Shell is never forgotten, I have posted some detailed information about his time at the company:
Paul Goodfellow, Ph.D.
Screen Shot 2015-01-19 at 22.39.24Vice President US Unconventionals, Shell Upstream Americas
Paul joined Shell in Holland in 1991 after receiving a B.Eng. in Mining Engineering and a Ph.D. in Rock Mechanics. He worked in the mining industry in South Africa and Finland prior to joining Shell. He has worked in a variety of Wells related roles throughout the Group. In 2000, Paul was assigned to Shell Exploration & Production Company (SEPCO) as the Operations Manager for Deepwater Drilling and Completions and in August of 2003 he took up the role of Wells Manager for the Americas Region. He was named Venture Manager for North America Onshore in July 2008, in September 2009 he moved into the role of Vice President Development, Onshore for Upstream Americas responsible for field development planning, capital investment and technical and technology functions. In January 2013 Paul was appointed to his current role as Vice President US Unconventionals for Upstream Americas. Paul is a Chartered Engineer and a member of the Institute of Mining and Metallurgy and SPE. He is married with three children.

UPDATE 20 JAN 2015

F-150: John, In response to your article… Word in the halls of Woodcreek is that Goodfellow was promoted a year ago when the Unconventional business was downsizing. By the way, that picture of him looks downsized by about 100 pounds.

RELATED ENERGY VOICE ARTICLE, WHICH ANSWERS ONE QUESTION. Article was published today and the sentence about Goodfellow seems to have been poked into the middle of a planned press release about Glen Cayley. Looks out of place and possibly prompted by this article.

Shell VP moves to new role

The vice president for oil giant Shell’s Upstream business in Europe is set to move onto a new role within the company.
Glen Cayley has been in his current position since September 2010.
Mr Cayley first joined the company in 2006 as vice president of global exploration and was responsible for appraisal and resource maturation.
Shell said he will move to a special projects role within Shell’s upstream business.
A spokeswoman said: “Shell can confirm that Paul Goodfellow will take over the role of Vice President UK and Ireland on March 1 2015.”
Last year Mr Cayley became vice chairman of industry body Oil & Gas UK
Glen Cayley, upstream director at Shell UK has become vice chairman of the industry body, representing the operator community.
Prior to more than eight years with Shell, he has an additional 25 years’ experience from his previous roles at ExxonMobil.
Posted in: Fracking, John Donovan, Oil, Royal Dutch Shell Plc, Shale Gas, Shale Oil,Shell.
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SHELL CIRCUMVENTED RA 7641

SYNDICATED ESTAFA


MY QUEST FOR SWINDLED 

RETIREMENT PAY BY SHELL



SWINDLING ITO, SYNDICATED ESTAFA


HOT PURSUIT
DUTY OF LAW ENFORCEMENT ENTITIES


SHELL SWINDLING OF RETIREMENT PAY 5TH YEAR

1001counts
SEE BELOW FOR THE 1001ST   TIME THE REITERATION OF DEMAND PAYMENT OF RETIREMENT PAY WHICH SHELL REFUSED TO HONOR IN THE PRESENCE AND DEEMED APPROVAL OF THE HONORABLE MAGISTRATES OF THE SUPREME COURT OF THE PHILIPPINES

GEUS_15MAR16_66th FOLLOW UP_REITERATION

OF DEMAND  PAYMENT OF RETIREMENT PAY
Dishonest scales are an abomination to the Lord, but a just weight is His delight... Proverbs Chapter 11  v. 1
Retirement Pay Law circumvented by Shell subject to penal provision provided for by Article 288 of the Labor Code of the Philippines.





CONTENTS

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