Tag: DNB Asset Management AS
The Society of Exploration Geophysicists (SEG) Laundromat
Not Enforcing the SEG Code of Ethics Encourages Corruption and Demeans the Profession by Allowing “Dirty” Business Practices to be Regarded as Ethical and “Clean” when SEG Dues are Paid through Graft and Greed.
The reputation and value of the SEG is diminished when there is no definitive action against Code of Ethics violators. If Confidentiality terms and conditions cannot protect PGS ASA reputation and value because they are embedded within fraudulent contracts, then they cannot protect the reputation and value of the SEG to its members.
Everything connected to the hierarchy of PGS ASA Board of Directors and Management is tainted with these corrupt business practices which go against published Core Values, the UN Global Compact, and of course the SEG Code of Ethics.
Not demanding that PGS ASA Board and Management end their silence and address allegations of corrupt business practices and criminal acts will damage the SEG its professionals.
Demanding that PGS ASA comply with the contracts that they proffer and endorse is not unreasonable and should not require ActionFraud (police) to awaken from their slumber.
Polarcus Investors Should Sue PGS ASA, Watson Farley & Williams, and Landau Law for Fraud
PGS ASA has been actively and intentionally deceiving and defrauding the marine seismic industry and manipulating how customer decisions are made. Competitors and investors who accrued damages because of these many pathological lies need to be compensated along with the crime victim and whistleblower who exposed such dangerous and corrupt behaviors that disparage the industry as well as its true professionals.
Current Equinor Chairman of the Board of Directors and former Petroleum Geo-Services (PGS) President and CEO, Jon Erik Reinhardsen, has participated in defrauding the upstream oil and gas industry for several years through his silence and preserving a false narrative regarding company performance.
As Director of PGS Exploration (UK) Limited, Reinhardsen and his fellow Directors, Gottfred Langseth (current PGS ASA EVP and CFO) and Christin Steen-Nilsen (current PGS ASA Chief Accountant), along with Company Secretaries and trained lawyers, Candida Pinto and Carl Richards, allowed the theft and misuse of Company resources to be used to forward criminal actions. This included international payments for the illegal termination settlement contract used to silence and professionally blacklist a foreign worker crime victim and whistleblower and more importantly exclude SDK from his right to legal due process under the English legal system.
PGS bribed SDK advising counsel, Philip Landau and Holly Rushton-Hobson, to process forged defamatory personnel file documents supporting a false narrative used to blacklist the victim from employment in the industry. Forging personal data is not only a crime, but it is also a human rights violation according to the Data Protection Act. PGS also bribed their own consulting law firm, Watson Farley & Williams, to participate in the confidence fraud conspiracy. The conspirators breached the Equality Act 2010 through ignoring their victims Tier 2 visa status and qualifications defrauding UK, US, and Thailand immigration laws. PGS illegally processed the passports of the victim and sponsored family members to force a premature exit from England. This fraudulent passport processing violated laws of the UK, US and Kingdom of Thailand.
PGS violated provisions of the UK Health and Safety Act 1974 as well as withheld a third-party Occupational Health Nurse (OHN) report that had explicitly requested be delivered to SDK placing his health and that of his Company sponsored dependent family members in danger. SDK was still employed with PGS 23 December 2013 when PGS committed to the principles of the UN Global Compact. PGS withheld the OHN report that recommended SDK visit his doctor 29 December 2013. SDK and his family departed the UK 24 December 2013 having been placed on garden leave through 31 December 2013 without being provided the report recommended visit.
The illegal termination settlement contract had an initial payout. However, moving expenses would be reimbursed to SDK in the US. All of this transfer of money and false personal data to support a fraud is a breach of not only UK laws, but also of several US Federal laws. Reinhardsen, Langseth, and Steen-Nilsen also serve as Directors for the PGS US affiliate in Houston, Texas, USA, Petroleum Geo-Services, Inc. when these US Federal crimes were committed against a US citizen and foreign worker.
PGS, Watson Farley & Williams, and LZW Law/Landau Law has never had to address these accusations published online since 3 July 2015. The UK Limitation Act 1980 allows one-year from date of publication to file claims of defamation. PGS has not executed the contract Confidentiality terms and conditions included to protect the reputation and value of PGS which prohibit publication of disparaging content. Instead, PGS has ignored the protected public disclosure and relied on social media censorship and Google search engine manipulation to avoid addressing accusations of PGS board of directors and executive crimes. This has allowed the deception of the industry to continue.
PGS Silence is Fraud and Obstruction of Justice against the Industry, not just the principal crime victim and whistleblower. Not executing the Confidentiality terms and conditions is an implicit admission of guilt for several international crimes.
Corrupt and Dangerous PGS Digitalization Initiative Pretends to Improve Crew Safety
PGS has an ambition of fooling stakeholders that we care about people’s safety.
However, it was exposed that nothing useful was ever done with the data collected. Afterall, PGS was collecting data so that it would appear that PGS was being proactive. PGS’ sham came to light while trying to analyze an incident offshore Angola.
PGS identified the need for a to improve the deception that would fool once again fool people into thinking PGS was proactive in their approach to incident management.
PGS is now using new software because this shows that when you throw money at a problem you take it seriously. At least this is the impression PGS hopes to give to customers and people.
Based on input from PGS’ safety officer, we now have a really cool looking dashboard to search for keywords. A simple spreadsheet simply does not seem to have the look that PGS cares about the safety data being collected.
The dashboard displays data really impressively and this means PGS cares.
Visually impressive software demonstrates PGSs commitment to safety to customers. PGS expects that the change in software will improve the appearance of the committment to crew safety going forward.