Illustration: A shareholder confronts the boardroom over corporate accountability, climate risk and the right to challenge management. Conceptual artwork; not an actual Shell board meeting
AN INDEPENDENT DOCUMENTARY INVESTIGATION
By the Donovan–Shell Archive | 6 November 2026
A new legal analysis from international law firm Fieldfisher identifies Shell as a leading example of the difficulties facing activist shareholders. But behind the legal arguments lies a much larger question: who really holds the directors of a multinational oil giant accountable?
There is something wonderfully revealing about the corporate world’s vocabulary.
When executives challenge established practices, it is called leadership. read more
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Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business Principles, ChatGPT, ClientEarth, Climate Change, Environment, Gas, GoogleNews, John Donovan, Litigation, Oil, Royal Dutch Shell Plc, Shell, Shell PLC.
Tagged: Alternative Energy · Environment · Gas · Litigation · Oil · Royal Dutch Shell Plc · Shell
AN INDEPENDENT DOCUMENTARY INVESTIGATION
By the Donovan–Shell Archive
6 November 2026
Researched and drafted with assistance from ChatGPT, using original Blackstone and Mitsubishi Corporation announcements, Shell plc’s SEC filings, Canadian government project disclosures, LNG Canada corporate records and contemporaneous Reuters reporting.
A new $3.1 billion investment agreement has brought Blackstone and some of Canada’s largest pension and institutional investors into the financial structure supporting Shell’s LNG Canada project. But the transaction is more complicated than the headline figure suggests. Mitsubishi Corporation is selling a minority interest in a holding company associated with its 15% participation in the LNG export terminal. Shell is not selling its own 40% interest. Mitsubishi will retain control of its holding company and its entitlement to LNG production. The arrangement comes just weeks after the partners approved a multibillion-dollar expansion that will double the Canadian facility’s annual capacity to 28 million tonnes. An examination of the original corporate announcements reveals how financial investors are gaining exposure to major gas infrastructure while existing industrial shareholders retain their commercial positions. read more
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here. There is also a
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Shell DPA Files,
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Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Canada, Environment, Gas, GoogleNews, LNG, Oil, Royal Dutch Shell Plc, Shell.
Tagged: Canada · Gas · LNG · Royal Dutch Shell Plc · Shell
Archive reference: SLF-2007-110
The Sakhalin Papers C: The Hundredth File — How Russia Twice Changed the Rules of Shell’s Biggest Energy Gamble
A documentary investigation into the Kremlin’s interventions of 2006 and 2022, the environmental and financial disputes, the surviving Shell records, and the consequences that remain unresolved.
AN INDEPENDENT DOCUMENTARY INVESTIGATION
By the Donovan–Shell Archive
Researched and drafted with assistance from ChatGPT, using authenticated Shell corporate disclosures, SEC filings, contemporaneous reporting, Russian regulatory records, independently published environmental research, court proceedings and historical material preserved in the Donovan–Shell Archive.
Publication date: 6 November 2026
Collection: The Sakhalin Papers — Shell, Gazprom and Russia read more
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Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business Principles, ChatGPT, Donovan–Shell Archive, Environment, Fossil Fuels, Gas, Gazprom, GoogleNews, John Donovan, Litigation, LNG, Nord Stream 2, Oil, President Putin, Royal Dutch Shell Plc, Russia, Sakhalin, Sakhalin 2, Sakhalin II, Shell, Shell PLC, THE SHELL LEAKS FILES.
Tagged: Environment · Gas · Gazprom · Litigation · LNG · Oil · Royal Dutch Shell Plc · Russia · Shell
THE SHELL LEAKS FILES — 5 NOVEMBER 2026
Archive reference: SLF-2007-109
The Sakhalin Papers XCIX: The Shareholding That Survived — Shell’s Bermuda Company, Its Russian LNG Contracts and the Exit That Remained Incomplete
AN INDEPENDENT DOCUMENTARY INVESTIGATION
By the Donovan–Shell Archive
Researched and drafted with assistance from ChatGPT, using authenticated Shell financial statements, original corporate announcements, SEC filings, contemporaneous reporting, historical documents preserved in the Donovan–Shell Archive and publicly accessible regulatory records.
Nearly five years after Shell announced its intention to withdraw from its Russian energy investments, the company’s own financial disclosures reveal a complicated legal inheritance. Shell still reported ownership of 27.5% minus one share in the original Bermuda-registered company that once operated Sakhalin II, even though Russia had transferred the project’s operating rights to a replacement company. One long-term Russian LNG purchase agreement had been declared terminated following non-performance. Another, signed with a Novatek subsidiary in 2015, remained listed in Shell’s 2025 annual report. These are not indications that Shell secretly continued operating Sakhalin II. They demonstrate something more technically significant: withdrawing from an investment, losing control of its operating assets, terminating associated contracts and extinguishing every residual corporate right are different legal and financial events. The authenticated records allow those distinctions to be reconstructed. read more
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Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: ChatGPT, Donovan–Shell Archive, Environment, Gazprom, GoogleNews, John Donovan, LNG, Oil, President Putin, Royal Dutch Shell Plc, Russia, Sakhalin, Sakhalin 2, Sakhalin II, Shell, Shell PLC, THE SHELL LEAKS FILES.
Tagged: Gas · Gazprom · Litigation · LNG · Royal Dutch Shell Plc · Shell
AN INDEPENDENT DOCUMENTARY INVESTIGATION
By the Donovan–Shell Archive
5 November 2026
Researched and drafted with assistance from ChatGPT, using authenticated corporate statements, European Bank for Reconstruction and Development project disclosures, European Union regulatory documents and contemporaneous reporting.
Shell has signed an agreement giving it exclusive rights to purchase substantial quantities of sustainable aviation fuel from a proposed Moroccan refinery. The announcement supports the company’s ambition to become a major supplier of lower-carbon aviation fuels. But an examination of previously published development-bank records reveals a more complicated picture. The $239 million facility is not yet operating. Its proposed financing remains under review, environmental assessments are continuing, and its planned start-up is almost two years away. The agreement also comes just fourteen months after Shell abandoned construction of its own much larger biofuels plant in Rotterdam. Together, the documents reveal an important evolution in Shell’s lower-carbon strategy: securing future supplies through commercial agreements while other companies develop and finance the production facilities. read more
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Shell DPA Files,
"Shell and the Spies", the
Shell Leaks files, the
Independent Shell Archive, as well as books written and published by John Donovan -
Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Alternative Energy, Biofuel, Biofuels, ChatGPT, Climate Change, Donovan–Shell Archive, Environment, Gas, GoogleNews, Green Energy, Greenhouse gas, Greenwashing, Oil, Royal Dutch Shell Plc, Shell.
Tagged: Environment · Gas · LNG · Royal Dutch Shell Plc · Shell
Australia’s gas giants turn on one another over domestic supply, export profits and who should pay for the government’s proposed gas reservation scheme. Behind the corporate accusations lies a more uncomfortable question: why should a major gas-exporting nation struggle to guarantee affordable gas for its own citizens?
5 November 2026
By the Donovan–Shell Archive
There is something wonderfully revealing about the spectacle unfolding in Australia’s liquefied natural gas industry.
Three enormous gas-exporting businesses are arguing over who should be obliged to supply Australian customers. read more
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Wikipedia segment, the
Shell DPA Files,
"Shell and the Spies", the
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Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Australia, ChatGPT, Fossil Fuels, Gas, GoogleNews, John Donovan, LNG, Shell.
Tagged: Australia · Gas · LNG · Royal Dutch Shell Plc · Shell
AN INDEPENDENT DOCUMENTARY INVESTIGATION
By the Donovan–Shell Archive
4 November 2026
Researched and drafted with assistance from ChatGPT, drawing upon UK government publications, parliamentary records, Shell corporate disclosures, court documents and contemporaneous reporting.
Britain’s government has introduced legislation designed to end new licences for exploring oil and gas fields in the North Sea. But buried within the same legislative programme is a mechanism intended to permit additional production from areas adjoining existing fields. The government estimates that this could unlock approximately 60 million barrels of oil. For Shell, which jointly owns one of Britain’s largest offshore producers, the distinction between banning new exploration and permitting further development is commercially significant. The documents reveal a regulatory framework that seeks to restrict the geographical expansion of fossil-fuel exploration without bringing existing North Sea production to an abrupt end. read more
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Wikipedia segment, the
Shell DPA Files,
"Shell and the Spies", the
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Independent Shell Archive, as well as books written and published by John Donovan -
Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business Principles, Environment, Gas, GoogleNews, John Donovan, Litigation, Oil, Royal Dutch Shell Plc, Shell.
Tagged: John Donovan · Litigation · Royal Dutch Shell Plc · Shell
THE SHELL LEAKS FILES — 4 NOVEMBER 2026
Archive reference: SLF-2007-108
The Sakhalin Papers XCVIII: The Account That Could Not Pay — Shell’s 94.8 Billion Roubles and Russia’s Compensation Dispute
AN INDEPENDENT DOCUMENTARY INVESTIGATION
By the Donovan–Shell Archive
Researched and drafted with the assistance of ChatGPT, using authenticated Shell financial disclosures, Russian government legal instruments, contemporaneous reporting and available records of proceedings before the Moscow Arbitration Court.
Russia assigned a value of 94.8 billion roubles to Shell’s former interest in the Sakhalin II project. It approved a buyer, changed that buyer, and ultimately transferred the corresponding interest in the replacement Russian operating company to a Gazprom subsidiary. But Shell did not simply receive the money. The explanation lies partly in the original presidential decree of June 2022, which expressly restricted access to sale proceeds pending government-controlled investigations. The financial dispute subsequently became entangled with an entirely separate claim concerning unpaid gas deliveries. Four years after Shell announced its withdrawal from Russia, the company’s own SEC disclosures still describe substantial uncertainty. An examination of the original legal instruments reveals that the restrictions on payment were not an unforeseen complication: they were built into the restructuring from the beginning. read more
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Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business ethics, Business Principles, ChatGPT, Environment, Fossil Fuels, Gas, Gazprom, GoogleNews, John Donovan, Litigation, LNG, Nord Stream 2, Oil, President Putin, Royal Dutch Shell Plc, Russia, Sakhalin, Sakhalin 2, Sakhalin II, Shell, Shell Business Principles, Shell PLC, THE SHELL LEAKS FILES.
Tagged: Gas · Gazprom · John Donovan · Litigation · LNG · Oil · Royal Dutch Shell Plc · Russia · Shell
Shell sold the German battery pioneer in August. By October, Sonnen GmbH had filed for insolvency. Yet across the Atlantic, the company’s American operation is helping launch an innovative electricity-grid project. The contrast raises fresh questions about what survives when a former clean-energy flagship is dismantled.
4 November 2026
By the Donovan–Shell Archive
There is something rather extraordinary about the continuing Sonnen saga.
In Germany, the former Shell-owned battery-storage pioneer is struggling through insolvency proceedings.
In America, a business operating under the same name is helping launch what its partners describe as Michigan’s first residential battery virtual power plant pilot.
Same technological heritage. Same familiar Sonnen name.
Two remarkably different corporate fortunes.
And somewhere in the background stands Shell plc, the oil and gas giant that acquired Sonnen in 2019 as part of its clean-energy ambitions, then sold the business in August 2026. read more
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Shell Leaks files, the
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Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Alternative Energy, Business Principles, Environment, Germany, GoogleNews, John Donovan, Oil, Royal Dutch Shell Plc, Shell.
Tagged: Alternative Energy · Environment · Royal Dutch Shell Plc · Shell
THE SHELL LEAKS FILES — 3 NOVEMBER 2026
SLF-2007-107
The Sakhalin Papers XCVII: Thirty Days to Decide — Putin’s Decree, Japan’s Acceptance and Shell’s Refusal
AN INDEPENDENT DOCUMENTARY INVESTIGATION
By the Donovan–Shell Archive
Researched and drafted with the assistance of ChatGPT, drawing upon authenticated corporate disclosures, official government measures, contemporaneous reporting and the historical Donovan–Shell Archive.
On 30 June 2022, President Vladimir Putin signed a decree that fundamentally altered the ownership arrangements of the Sakhalin II oil and liquefied natural gas project. Foreign shareholders were required to seek Russian government approval to obtain equivalent interests in a replacement operating company. Japan’s Mitsui and Mitsubishi accepted the new arrangements and received approval. Shell refused, formally objecting to the transfer of the original operator’s assets and rights. But the decree contained another potentially consequential provision: Russia could investigate alleged damage caused by foreign shareholders and deduct compensation from the proceeds of their unclaimed interests. The authenticated documents reveal how a decision ostensibly about corporate restructuring became a mechanism through which the Russian state controlled continued participation, asset disposal and the treatment of sale proceeds. read more
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Shell DPA Files,
"Shell and the Spies", the
Shell Leaks files, the
Independent Shell Archive, as well as books written and published by John Donovan -
Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: ChatGPT, Environment, Fossil Fuels, Gas, Gazprom, John Donovan, Litigation, LNG, Oil, President Putin, Royal Dutch Shell Plc, Russia, Sakhalin, Sakhalin 2, Sakhalin II, Shell, Shell PLC, THE SHELL LEAKS FILES.
Tagged: Gas · Gazprom · LNG · Royal Dutch Shell Plc · Russia · Shell
AN INDEPENDENT DOCUMENTARY INVESTIGATION
Shell’s $1.45 billion North West Shelf disposal examined through corporate disclosures, financial analysis, historical records and Australian environmental decisions.
By John Donovan — 3 November 2026
Shell has agreed to sell its 16.67% interest in Australia’s historic North West Shelf gas project to subsidiaries of ADNOC’s international investment company XRG for US$1.45 billion, with a possible additional payment. The deal transfers associated decommissioning obligations and marks the departure of a founding investor from one of Australia’s most important LNG developments. Yet Shell is not retreating from natural gas. It continues to target annual LNG sales growth of 4–5% through 2030, while the North West Shelf project itself has secured permission to operate until 2070 despite environmental controversy. The transaction raises questions about capital allocation, future liabilities, climate responsibility and the changing international ownership of major energy infrastructure. read more
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Shell DPA Files,
"Shell and the Spies", the
Shell Leaks files, the
Independent Shell Archive, as well as books written and published by John Donovan -
Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Australia, ChatGPT, Climate Change, Environment, Fossil Fuels, Gas, GoogleNews, John Donovan, LNG, Oil, Royal Dutch Shell Plc, Shell.
Tagged: Australia · Environment · Gas · Gazprom · LNG · Royal Dutch Shell Plc · Shell
THE SHELL LEAKS FILES — 2 NOVEMBER 2026
SLF-2007-106
The Sakhalin Papers XCVI: The India Option — Shell’s Attempted Sakhalin II Sale and the Buyers Who Never Took Control
By John Donovan — 2 November 2026
On 26 May 2022, Reuters revealed that Shell was discussing the sale of its 27.5% stake in the Sakhalin II oil and liquefied natural gas project with a consortium of Indian energy companies. ONGC Videsh and GAIL were among those identified. Separate negotiations reportedly concerned valuable long-term LNG and crude-oil supply arrangements. For Shell, the talks offered a possible commercial route out of Russia following the invasion of Ukraine. But five weeks later, Vladimir Putin signed a presidential decree transferring Sakhalin II’s operations to a new Russian company. The Indian discussions never produced a completed acquisition. By March 2024, Russia had approved the transfer of the disputed 27.5% interest to a Gazprom subsidiary for 94.8 billion roubles. The money subsequently became entangled in a Russian lawsuit against Shell. Authenticated corporate filings, contemporaneous Reuters reporting and official Russian measures reveal how a proposed commercial exit became a struggle over ownership, compensation and legal rights. read more
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Shell DPA Files,
"Shell and the Spies", the
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Independent Shell Archive, as well as books written and published by John Donovan -
Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business Principles, ChatGPT, Fossil Fuels, Gas, Gazprom, GoogleNews, John Donovan, Litigation, Oil, President Putin, Royal Dutch Shell Plc, Russia, Sakhalin, Sakhalin 2, Sakhalin II, Shell, Shell PLC, THE SHELL LEAKS FILES, Ukraine.
Tagged: Gas · Gazprom · Litigation · LNG · Royal Dutch Shell Plc · Russia · Shell
THE SHELL LEAKS FILES — 1 NOVEMBER 2026
SLF-2007-105
The Sakhalin Papers XCV: The Molecule Problem — When Russian Crude Became “Indian Diesel” and Europe Rewrote the Rules
By John Donovan — 1 November 2026
On 5 May 2022, Shell chief executive Ben van Beurden acknowledged a fundamental weakness in efforts to exclude Russian petroleum from international markets. Once Russian crude had been refined in another country, he explained, there was no worldwide system capable of tracing individual fuel molecules back to their geological origin. Diesel produced in India from Russian crude could consequently be classified as Indian diesel. Four years later, the European Union has introduced legislation specifically targeting petroleum products refined in third countries from Russian crude. The authenticated Shell statements, contemporary Reuters reporting and subsequent EU legal instruments reveal how a problem identified publicly by Shell in 2022 became the subject of binding European import restrictions in 2026. read more
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Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business Principles, ChatGPT, Church of England, Environment, Fossil Fuels, Gas, Gazprom, GoogleNews, John Donovan, Litigation, Nord Stream 2, Oil, President Putin, Royal Dutch Shell Plc, Russia, Sakhalin, Sakhalin 2, Sakhalin II, Shell, THE SHELL LEAKS FILES.
THE SHELL LEAKS FILES — 31 OCTOBER 2026
SLF-2007-104
The Sakhalin Papers XCIV: The Blending Loophole — Russian Oil in Shell’s Supply Chain After the Apology
By John Donovan — 31 October 2026
On 8 March 2022, Shell apologised for purchasing discounted Russian crude oil and announced its intention to withdraw from Russian hydrocarbons. Yet its trading arrangements continued to permit purchases of certain refined petroleum products containing almost 50% Russian-origin material. Bloomberg exposed the practice in April. Ukraine’s government accused Shell of exploiting an accounting trick. Shell disputed the allegation that it was deliberately purchasing Russian products for blending and resale. On 27 April, Reuters reported that the company had tightened its trading terms to exclude refined products containing any Russian-origin material. The surviving corporate statements, contemporaneous trading reports and official sanctions records reveal what happened — and the important distinction between a contractual loophole, an actual purchase and an unlawful transaction. read more
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"Shell and the Spies", the
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Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business Principles, ChatGPT, Environment, Fossil Fuels, Gas, Gazprom, GoogleNews, John Donovan, Litigation, LNG, Nord Stream 2, Oil, President Putin, Royal Dutch Shell Plc, Runar Kjørsvik, Russia, Sakhalin, Sakhalin 2, Sakhalin II, Shell, Shell Business Principles, Shell PLC, THE SHELL LEAKS FILES, Ukraine.
Comment from “An Old EP Hand” on the article:
Hello John
I had not looked at your site for a while when someone sent me your piece on the SSPF.
I distributed that to several old colleagues. Great appreciation. This whole deal is murky and stinks to high heaven. We should have closed the fund and not chosen for ‘invaren’.
But the politicians and evil HR staff forced/bamboozled the staffcouncil to agree. This whole deal is sold as transparant but it is as intransparant as can be.
Delta Lloyd and IBM have chosen to close and not go for invaren. read more
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here. There is also a
Wikipedia segment, the
Shell DPA Files,
"Shell and the Spies", the
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Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business Principles, GoogleNews, John Donovan, Oil, Royal Dutch Shell Plc, Shell, Shell Pension Fund, Shell PLC.
Tagged: John Donovan · Royal Dutch Shell Plc · Shell
Shell’s latest financial statements reveal a remarkable accounting consequence of the Middle East conflict. While the oil giant reports extraordinary profits, soaring tanker freight rates have triggered billions of dollars in additional shipping-lease liabilities. The figures are non-cash adjustments, not realised losses, but they expose another dimension of Shell’s vulnerability to geopolitical disruption.
By John Donovan — 31 October 2026
Shell plc’s spectacular third-quarter profits have attracted considerable attention. read more
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shellnews.net, and
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here. There is also a
Wikipedia segment, the
Shell DPA Files,
"Shell and the Spies", the
Shell Leaks files, the
Independent Shell Archive, as well as books written and published by John Donovan -
Kindle eBooks.
Timeline of the Donovan Shell Feud.
Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years.
*All conjured up by internet wizz,
Nick Gill.
Posted in: Business Principles, ChatGPT, Environment, Gas, GoogleNews, Iran, John Donovan, Litigation, Oil, Royal Dutch Shell Plc, Shell.
Tagged: Environment · John Donovan · Oil · Royal Dutch Shell Plc · Shell
