November 29, 2007
Carl Mortished, World Business Editor
Brazil reaped a billion-dollar harvest yesterday with a frantic sale of oil and gas exploration concessions, despite a boycott of the auction by the major multinationals.
The first sale of exploration acreage by Brazil since the discovery of the Tupi field excited keen interest, generating bids worth $1.14 billion (£550 million) for 117 blocks – but the removal of 41 blocks from the auction by the Government kept the heavy-hitters on the sideline.
ExxonMobil, Shell and Chevron had hoped to bid for the 41 blocks, which are located in deep water and in similar geology to Tupi, where Petrobras recently announced reserve estimates of between five and eight billion barrels of oil.
The Government decided to hold back the most valuable acreage but still secured almost double the revenues compared to the last auction in 2005. Had the deep water blocks been offered in the auction, Brazil’s National Petroleum Agency had expected to generate between $4 billion and $5 billion in revenues.
The biggest winner in the auction was OGX Petróleo e Gas Participacoe, a new venture led by Eike Batista, a Brazilian mining entrepreneur. OGX outbid Petrobras in the most sought-after acreage in the Campos Basin. Most of Brazil’s existing oil output comes from the Campos Basin, offshore of Rio de Janeiro, but the Tupi find is in deeper water and has more difficult geology.
Brazil produces two million barrels per day of crude oil, but the Tupi find will increase dramatically the country’s oil output, transforming Petrobras into one of the world’s major oil companies. Brazil is expected this year to become a net oil exporter and the Tupi field alone will add the equivalent of the entire remaining reserves of the North Sea to the country’s hydrocarbon assets. By 2015, Tupi alone could be producing one million barrels a day.
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2963670.ece
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
