By Ignatius Stephen Saturday 6 February 2010 In an effort to keep the countrys cooperate image clean the Brunei Anti Corruption Bureau has begun a series of massive fraud investigations against more than 10 senior oil company officials. The amount probed, according to reliable sources, exceeds $5 million and both local and foreign employees are [...]
Posts from ‘February, 2010’
BAE reaches $450 million settlement with U.S., Britain
An previous investigation by Britain’s Serious Fraud Office (SFO) into reports BAE paid about 1 billion pounds over a decade to Prince Bandar bin Sultan in connection with the al-Yamamah arms deal had been halted in December 2006 by former Prime Minister Tony Blair after the probe angered Saudi Arabia.
They couldnt be sure of Shell
From The Times February 5, 2010 In his fascinating new book about his life and long career at BP, Lord Browne reveals he had talks with Jeroen van der Veer in 2004 about a merger with Shell. The idea was to combine the two companies and to dispose of all BPs refining and marketing operations. [...]
Available FREE on application: Directory of 100,000 plus Shell employees
By John Donovan If anyone would like a free copy of the Shell database containing the names, location, phone numbers etc of over 100,000 Shell employees/contractors, please feel free to apply via john@shellnews.net The information would only be provided if we are convinced that it would be used for legitimate purposes e.g. poaching Shell employees [...]
POTENTIALLY DISASTROUS DATA SECURITY BREACH AT SHELL
By John Donovan Another major humiliation and security breach for Shell. First we beat Shell to the top level domain name for Royal Dutch Shell Plc. As a result, with Shell’s written approval, we process job applications and business proposals meant for Shell, dealing with them as we deem appropriate. We also regularly publish leaked [...]
Shell Data Leak May Compromise Safety Of Staff -Emails
THE WALL STREET JOURNAL By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) data containing the contact details of tens of thousands of employees, which the company said could compromise their personal safety, has been leaked to a blogger critical of the company, according to emails seen by Dow Jones [...]
Some words of advice for Shell CEO Peter Voser
From “Jo Blow” Very Interesting! “Shell to Axe another 1000 employee’s and idle or sell an additional 15% of downstream”. I don’t know about how they do it in Switzerland, but in East Texas, We find the best way to dig ourselves out of a hole is with a Shovel, not an Axe. I do [...]
Shell to axe another 1,000 jobs and close last UK refinery
Oil firm will sell 15% of refinery operations and slow down tar sands projects as fourth-quarter profits fall by 75%
Tip for Shell CEO Voser on who to fire
FROM A SHELL INSIDER MR OVERPROMISE AND UNDERDELIVERY Tip for Voser: if production is declining for the seventh year in a row while predicting all those years it would increase, thereby justifying the enormous investments, what does this say of your head of upstream? You know the bald fellow with the facial hair? Him with [...]
Shell to shed 1,000 more jobs as profits fall 75%
By Carola Hoyos, Chief Energy Correspondent Published: February 4 2010 08:36 | Last updated: February 4 2010 08:36 Royal Dutch Shell, the Anglo-Dutch energy group, on Thursday said it would cut significantly its refining and marketing business this year as it predicted the economy would not make a quick recovery. The company said it would [...]
Essar Still In Talks With Shell To Buy Three Refineries
“Negotiations are going on with Shell,” Shashi Ruia, chairman of the diversified Indian conglomerate, said Thursday on the sidelines of a conference, declining to indicate when the talks would be completed. Essar Group, which controls Essar Oil Ltd. (500134.BY), is in talks to acquire Shell’s Stanlow refinery in the U.K. and the Anglo-Dutch company’s Heide and Harburg plants in Germany.
Shell fourth-quarter profit dives 75% – will axe another 1,000 jobs this year
AFP: LONDON Energy giant Royal Dutch Shell said on Thursday that fourth-quarter adjusted net profit slumped 75 percent due to weak demand in the downturn, adding it would axe 1,000 jobs amid an uncertain outlook. Earnings tumbled to $1.18 billion (851 million euros) in the three months to December, compared with $4.8 billion in [...]
Shell Targets More Job Cuts, Savings on Challenging Outlook
Bloomberg February 04, 2010, 03:40 AM EST By Fred Pals Feb. 4 (Bloomberg) — Royal Dutch Shell Plc, which vies with BP Plc as Europes biggest oil company, laid out plans for 1,000 extra job cuts and savings of $1 billion this year because of a challenging outlook for refining. Earnings excluding one-time items and [...]
Shell profits collapse on weak refining, natgas
LONDON (Reuters) – Royal Dutch Shell Plc posted a 75 percent fall in fourth-quarter profits to $1.18 billion, as the oil major was punished for falling output and its strong position in the depressed refining and natural gas businesses. Oil prices recovered in the quarter but gas prices were much lower than in the same [...]
Shell officials may face criminal charges
Manila Bulletin February 3, 2010, 4:34pm The Bureau of Customs (BoC) threatened to file criminal charges against officials of Pilipinas Shell Petroleum Corp. (PSPC) for their no intent to pay the P7.3-billion back excise taxes even as the temporary restraining order (TRO) issued by the Court of Tax Appeals will lapse on February 9. Customs [...]


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