Posts under ‘Simon Henry’

Royal Dutch Shell has crushed any hopes it might kickstart a British shale gas boom, saying nobody knows whether shale will succeed in the UK and it has no desire to be the company that tries to find out. By Emily Gosden 10:12PM BST 02 May 2013 In a blow to Government attempts to attract [...]

Chief financial officer Simon Henry was made the front-runner by bookmaker Paddy Power, despite saying it would be ‘inappropriate’ to discuss his candidacy. The Anglo-Dutch firm has not had a British boss since Sir Philip Watts left in disgrace in 2004 after Shell overstated its oil reserves. By Rob Davies: PUBLISHED: 22:14, 2 May 2013 [...]

 “One of the few blots on Mr. Voser’s record would be Shell’s high-profile exploration effort in Alaska, which has been plagued by accidents and other problems. Those difficulties have led Shell to suspend drilling until at least 2014.” “…candidates to replace the chief executive…”: “A third possibility is Marvin Odum, 54, an American, who runs [...]

By John Donovan: As can be verified from page 81 of the Shell Form 20F 2004 filing with the US Securities & Exchange Commission and a related Wall Street Journal article, Shell lent the fraudsters responsible for the reserves scandal $12 million to cover litigation costs. Almost a decade later, I have not seen any [...]

By John Donovan: We had enjoyed a brief respite from the constant cyber attacks on this website, but the main disruptive activity restarted earlier this week. Michiel Brandjes, the Company Secretary & General Counsel Corporate of Royal Dutch Shell Plc had previously issued a denial of any involvement by Shell. However, for a number of [...]

By John Donovan; Published 27 February 2013 PM The following announcement has just been published on shell.com under the headline: Shell announces pause in Alaska drilling programme It is notable that the so-called “pause” is indefinite. Shell has got a bad case of corporate frostbite and may take some time to regroup and recover.  The [...]

By John DonovanSeems from an article just published by upstream.com that little has changed in Shell’s notorious “Touch F*** All” approach to protecting the lives of its offshore workers. Apparently the corner-cutting bean counter duo now running the show – Peter Voser, and his sidekick Simon Henry – are following the same path. They do [...]

BY JOHN DONOVAN SHELL’S ARCTIC MELTDOWN: WHAT WERE WE ALL WORRIED ABOUT? THIS OIL COMPANY RUN BY A PAIR OF  BEAN-COUNTERS, PETER VOSER AND HIS SIDEKICK SIMON HENRY, BOTH TAINTED BY FRAUD & SCANDAL, HAVE MADE A GLOBAL LAUGHING-STOCK OF ROYAL DUTCH SHELL BY SENDING A COUPLE OF REFURBISHED RUST BUCKETS ON AN ILL-FATED ARCTIC [...]

By John Donovan On 13 March 2009, the FT published an article about Simon Henry, who was about to become Chief Financial Officer of Royal Dutch Shell Plc. It said that he had survived the Shell reserves misreporting scandal with his reputation intact. On the basis of irrefutable Shell internal evidence, we take issue with that [...]

Shell internal email correspondence irrefutably proves that Simon Henry was aware in March 2002 that “reserves bookings were made that should not have been made”. Walter van de Vijver, the “sick and tired” Chief Executive of Shell EP, gave the information directly to him. As can be seen in the email, Walter van de Vijver aggressively [...]

BUILD UP TO SHELL RESERVES SCANDAL: Comments by leading Shell execs: “…the market will want to know whose head is going to roll for what they will see as blatant deception.”; “this is potential dynamite for management credibility and the share price”; “…how you have to break the detail of this news in September, assuming [...]

Simon Henry was at the heart of what was going on, conveying reserves data to the market while dealing with colleagues engaged in the fraud. We have to assume that none of them confided in him and that he was an innocent dupe. He was asking questions about accuracy of the reserves information, but some [...]

Subject to any intervention/response by Shell, a new article about the starring role of Mr Simon Henry in the Shell reserves crisis will be published here at 4pm UK time today. By John Donovan Subject to any intervention/response by Shell, a new article about the starring role of Mr Simon Henry in the Shell reserves [...]

Were they aware that Simon Henry was a key player, as Head of Global Investor Relations, in dealing with the reserves data and actually had responsibility to ensure the quality/accuracy of the data before it was disclosed to analysts and investors? As we all know, it turned out that some of the data was not [...]

As can be seen in his testimony, Simon Henry deliberately limited the amount of time that Walter van de Vijver spent with UK and US investors, almost as if there was something to hide? Wonder what current Shell investors will make of that revelation? An insight into how Mr Henry thinks shareholders can be manipulated [...]