NAV

Monday, February 2, 2015

SPECULATION: Announcement of a Shell BP merger later today?

SPECULATION: Announcement of a Shell BP merger later today?

Screen Shot 2014-10-28 at 12.29.57
By John Donovan
On 29 Jan I published the comments from a former Shell employeewho advised, based on Shell insider information, that Ben van Beurden and Marvin Odum would be ringing the bell at the New York Stock Exchange to day, celebrating the launch of SHLX (Shell Midstream Partners LP) on the NYSE.
That seemed unlikely since Shell Midstream Partners rang the closing bell at the NYSE on Friday 16 Jan 2015 for that same purpose.
The source speculated that there is something bigger going on – perhaps the announcement of a Royal Dutch Shell BP merger?
Since it seemed highly unlikely that Shell would be involved in two successive bell ringing ceremonies at the NYSE within a matter of days, I wrote to the NYSE, but received a cagey response. No confirmation of any NYSE event involving Shell today. I could find nothing on shell.com.
However, I have just been informed that against all logic, the first part of the tip-off is correct.
It remains to be seen if the related speculation is just as accurate.
A mega merger would not come as a huge surprise given the degree of related speculation in the news media following the collapse in the price of oil and the devastating consequences to the oil industry.
Screen Shot 2015-02-02 at 14.52.13




The TRUTH will set you FREE.

KIERON McFADYEN: Bad boy made good

KIERON McFADYEN: Bad boy made good

Screen Shot 2015-02-02 at 11.04.22
By John Donovan
A number of people have contacted me about an article by Andrew Kellock published by the Aberdeen Press & Journal a few days ago under the headline:

Oil boss buys luxury mansion for bargain £1.85million (£1.65m LESS than the asking price!)

The “oil boss” is Kieron McFadyen, Royal Dutch Shell Plc executive vice-president of health, safety and the environment.
The “bad boy made good” phrase comes from an article published about him in September 2006, when Mr McFadyen admitted that at the time he left school, he was a complete waster.
From the comments I have received in the last few days, it is fair to say that he has his fans and his detractors. (For comments about Mr McFadyen see foot of article)
I suspect we are all united in our jealousy at the magnificent house he has purchased.
Screen Shot 2015-02-02 at 11.05.47
Seems like Kieron has the grand country mansion befitting a true oil baron, but not yet the CEO job title to go with it. Screen Shot 2015-02-02 at 11.06.28
Screen Shot 2015-02-02 at 11.07.23
In the 1970’s I almost bought Ridgemont House in Torquay with two acres of wonderful gardens overlooking Tor Bay. I did not do so because my late mother felt uneasy about the property. The fact that it was near a cliff edge may have had a bearing. Most of the house and its gardens have subsequently fallen into the sea far below.
Screen Shot 2015-02-02 at 11.20.26
Screen Shot 2015-02-02 at 11.21.18

COMMENTS ABOUT KIERON McFADYEN

John
If you are conducting a poll, you can add my name to those who have worked with Kieron, and always found him to be a decent, hardworking and competent engineer. I haven’t seen him in a while, but he’s definitely one of the better people in Shell. My only complaint from the time we worked together was that it was always difficult to get him to leave the office and go for a beer – he almost always started early, worked late, and then went straight home to his family…
If he hasn’t made it to the top it is perhaps only because he doesn’t have the psychopathic qualities of those who would follow the Reverend Phil…
All I can say with respect to the article is that Kieron has put his working life into Shell, and at least he now has something worthwhile to show for it. Good luck to him!
ENDS
John
Interesting article on last Fridays Aberdeen Press and Journal.
Kieron MacFadyen was one of Malcolm Brinded’s front men in the cover up of the Brent B fatalities scandal.
Looks like he has done very well out of being a “yes man” in protecting his master!
I wonder if such people have a conscience?
ENDS
John
Kieron worked for me many moons ago and it was clear early on he had exceptional qualities. Realising from the background he came from he was very protective of his family and has ensured his children did not make the same mistakes as he.
Very hardworking, good sense of humour and not scared of anyone. He told Phil (yes, the astronaut) to stuff it when offered a nice posting with a promotion but to a bad country. One had to have balls to do this since this was in the days of Phil the bully and not like nowadays of forgive and forget or turn the other cheek…
He always got on very well with the workers at the coalface. Remember, he was a certified welder one day!
I agree with the statement above that he does not have the psychopatic character required to be the head honcho. I always found him someone reliable and who could be trusted.

The TRUTH will set you FREE.

Arctic Oil On Life Support

Arctic Oil On Life Support

Screen Shot 2014-08-06 at 09.25.26From an OilPrice.comarticle by Nick Cunningham published 1 Feb 2015 under the headline:

“Arctic Oil On LifeSupport”

Oil companies have eyed the Arctic for years. With anestimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored.
As drilling technology advances, conventional oil reserves become harder to find, and climate change contributes to melting sea ice, the Arctic has moved up on the list of priorities in oil company board rooms.
That had companies moving north – Royal Dutch Shell off the coast of Alaska, Statoil in the Norwegian Arctic, and ExxonMobil in conjunction with Russia’s Rosneft in the Russian far north.
But achieving the goals of tapping the extensive oil reserves in the Arctic has been much harder than previously thought. Shell’s mishaps have been well-documented. The Anglo-Dutch company failed to achieve permits on time, had its drill ships run aground, and saw its oil spill containment dome “crushed like a beer can” during testing. That delayed drilling for several consecutive years.
However, the first month of 2015 has darkened Arctic dreams even further. Oil companies are scratching their heads trying to figure out how to deal with a collapse in oil prices, now below $50 per barrel. With virtually every upstream company around the world slashing spending, it is the highest-cost and riskiest projects that are getting scrapped first.
In December, Chevron suspended its drilling plans in Canada’s Arctic indefinitely.
That leaves Shell, the company with the spottiest Arctic record. Shell announced $4.16 billion in fourth quarter profits, a decline from the previous quarter, but a decent showing relative to its peers. Nevertheless, the company also announced $15 billion in spending cuts over the next several years. “The macro environment has moved against us,” Shell CEO Ben van Beurden said after releasing the quarterly figures.
Curiously, however, amid all the spending reductions, Shell hopes to once again return the Arctic, after a two-year hiatus. Perhaps that is because of the sunk costs – Shell will spend around $1 billion on its Arctic program whether or not it is drilled because of all the ships and other logistics already under contract. Shell still needs to obtain several permits and clear legal hurdles, but if all goes according to plan, the company could begin drilling this summer.
It is up to Shell then to keep the oil industry’s Arctic dreams alive.

The TRUTH will set you FREE.

Shell Pays $90M To Escape Calif. Contamination Suit

Shell Pays $90M To Escape Calif. Contamination Suit

Shell Pays $90M To Escape Calif. Contamination Suit

By Brandon Lowrey
Law360, Los Angeles (January 30, 2015, 8:50 PM ET) — A California judge on Friday tentatively approved Shell Oil Co.’s $90 million good-faith settlement of personal injury claims brought by nearly 1,500 Los Angeles-area residents allegedly harmed by buried waste oil, leaving intact claims against the developer of their neighborhood, Barclay Hollander Corp., and its current owner, Dole Food Co.
The settlement lets Shell out of the lawsuit brought over the highly publicized contamination of the Carousel housing tract in Carson, about 13 miles south of downtown LA. Shell’s $90 million deal will offset any judgments…




The TRUTH will set you FREE.

Sunday, February 1, 2015

Oil Workers in U.S. Begin First Large-Scale Strike Since 1980

Oil Workers in U.S. Begin First Large-Scale Strike Since 1980

From an article by Lynn Doan and Barbara Powell published on 1 Feb 2015 by Bloomberg under the headline:Screen Shot 2015-02-01 at 14.48.37

“Oil Workers in U.S. Begin First Large-Scale Strike Since 1980″

Shell activated a “contingency plan”

(Bloomberg) — The United Steelworkers union, which represents employees at more than 200 U.S. oil refineries, terminals, pipelines and chemical plants, began a strike at nine sites on Sunday, the biggest walkout called since 1980.
The USW started the work stoppage after failing to reach agreement on a labor contract that expired Sunday, saying in a statement that it “had no choice.” The union rejected five contract offers made by Royal Dutch Shell Plc on behalf of oil companies since negotiations began on Jan. 21.
The United Steelworkers union hasn’t called a strike nationally since 1980, when a stoppage lasted three months. A full walkout of USW workers would threaten to disrupt as much as 64 percent of U.S. fuel production.Shell and union representatives began negotiations amid the biggest collapse in U.S. oil prices since 2008.
“Shell refused to provide us with a counteroffer and left the bargaining table,” USW International President Leo Gerard said in a statement early Sunday. “We had no choice but to give notice of a work stoppage.”
Ray Fisher, a spokesman for The Hague, Netherlands-based Shell, said by e-mail on Saturday that the company remained “committed to resolving our differences with USW at the negotiating table and hope to resume negotiations as early as possible.”
The USW asked employers, which include Exxon Mobil Corp. and Chevron Corp., for “substantial” pay increases, stronger rules to prevent fatigue and measures to keep union workers rather than contract employees on the job, Gary Beevers, the USW international vice president who manages the union’s oil sector, said in an interview in Pittsburgh in October.
Across U.S.
The refineries called on to strike span the U.S., from Tesoro Corp.’s plants in Martinez, California, Carson, California, and Anacortes, Washington, to Marathon Petroleum Corp.’s Catlettsburg complex in Kentucky to three sites in Texas, according to the USW’s statement.
The sites in Texas are Shell’s Deer Park complex, Marathon’s Galveston Bay plant and LyondellBasell Industries NV’s Houston facility, the statement shows. The walkout also includes Marathon’s Houston Green cogeneration plant in Texas and Shell’s Deer Park chemical plant.
More refineries are standing by to join the sites on strike, according to two people familiar with the plan who asked not to be identified because the information isn’t public. The remaining USW-represented sites are operating under rolling, 24-hour contract extensions, the USW said.
Refinery Shares
Shell activated a “contingency plan” to continue operations at the Deer Park refinery, Fisher said on Saturday.



The TRUTH will set you FREE.

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


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

.ENTERTAINMENT (4) 10 CCR § 2695.5 (1) 18DEC15 (112) 1A_MEDIA (8) 2014 CHRISTMAS MESSAGE (1) 2015 Miss Universe (1) 2016 SONA (1) 2020 EXCLUSION (1) 4TH OF JULY (1) abante clipping (1) ABOLITION OF THE COURT OF APPEALS (1) ABRAHAM LINCOLN (1) ABS-CBN (5) ABS-CBN NEWS (6) ABSOLUTE PARDON (1) ABU SAYAFF GROUP (2) ABUSE OF JURISDICTION (1) ACADEMIC FREEDOM (1) ACCRA (19) ACE VEDA (2) ACKNOWLEDGMENT OF EMAIL RECEIPT (2) aclu (3) AIRPORT HACKS (1) AIRWAVES (1) AIZA SEGUERRA (1) ALAN PETER CAYETANO (4) ALBAYALDE (8) ALBERTO ROMULO (1) ALDEN AND MAINE (1) Alfred Clayton (55) ALLEGATIONS OF MISCONDUCT (4) ALTERNET (6) ALVAREZ (1) ALVIN CUDIA (2) ALYAS BIKOY (1) AMADO VALDEZ (1) ANARCHY (1) ANDRES BONIFACIO (2) ANGEL LAZARO (1) ANGELO REYES (1) ANNEX 5 (5) ANNUAL REMINDERS (1) ANTHONY TABERNA . 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