Royal Dutch Shell’s CEO Ben Van Beurden speaks during a press conference.
MOSCOW, October 21 (RIA Novosti) – French oil and gas company Total CEO Christophe de Margerie was a larger-than-life character that was respected across the energy industry, energy group Shell CEO Ben van Beurden told RIA Novosti on Tuesday.
“I’m extremely sad to hear about the tragic loss of Christophe de Margerie. Christophe was a larger than life character, a leader respected across the energy industry and a friend,” Beurden said.
“My thoughts are with his wife and family, and his many thousands of colleagues at Total,” he added.
NEW YORK — Shell Midstream Partners LP filed for an initial public offering that could be worth about $750 million before expenses and discounts. Shell Midstream was formed by Royal Dutch Shell, and it will focus on acquiring pipelines and other midstream assets. Shell Midstream’s assets include stakes in Zydeco Pipeline Co., Mars Oil Pipeline Co., and Bengal Pipeline Co., which all operate in Louisiana, Texas, and Mississippi.
Extracts from an article in the Daily Breeze.
Kim Elton accuses Shell’s management of “a spectacular failure of good judgment” and points out that “Company managers ordered the Kulluk towed south through the winter-storm-lashed Gulf of Alaska before the 2013 new year — partly to avoid Alaska taxes.”
The latest development follows the Libor rigging scandal and the raids carried out in May 2014 on the oil majors BP, Shell and Statoil, seeking evidence of manipulation of oil prices.
Earthquakes linked to extraction in the area have led to a public backlash and a new production plan for the field will be presented by July 1, 2016. The venture has set aside 100 million euros for claims and has paid out about 50 million euros so far.
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