THE WALL STREET JOURNAL ONLINE
September 25, 2006 5:27 p.m.
After falling below $60 in early trading, crude-oil futures rebounded sharply, settling at $61.45 a barrel on the New York Mercantile Exchange, after the head of OPEC suggested the cartel could cut production to put a floor under prices, which have tumbled 20% since a mid-July peak. Here is Monday’s roundup of oil and energy news.
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MERGER MONDAY: It was a busy day for deals in the energy sector. In the biggest, U.K. oil-and-gas explorer Tullow Oil agreed to buy Australia’s Hardman Resources for about $1.1 billion to boost its reserves, Bloomberg reports. New York’s Overseas Shipholding Group agreed to acquire rival crude-oil and petroleum-product shipping company Maritrans in a deal valued at $455 million. No word on whether Tampa, Fla.-based Maritrans’ ticker symbol, TUG, would survive the merger. Louisiana-based oilfield-services company Superior Energy Services said it agreed to buy Mississippi rival Warrior Energy Services for about $358 million in cash and stock. Warrior shares surged 69% on the news.
•U.S. Ties to Kazakhstan: President Bush is pursuing closer ties to oil-rich Kazakhstan despite what human rights observers have said is a disturbing backslide toward autocracy in the former Soviet republic, the Associated Press reports.
•Chevron in Research Project: Chevron and Los Alamos National Laboratory said they are teaming on a research project to improve the recovery of hydrocarbons trapped in oil shales and slow-flowing oil formations.
•Xcel Hires Builder for Solar Plant: Minnesota utility Xcel Energy has selected Baltimore’s SunEdison to build a $60 million solar electric plant in Colorado, the largest project of its kind in the country. (See Corrections and Amplifications below.)
•EU Energy Chief Proposed: French Prime Minister Dominique de Villepin proposed the creation of a new EU energy chief to represent the European Union in energy talks with top suppliers like Russia, Norway or other oil and gas producers in central Asia.
•New Nigerian Blocks: Nigeria is preparing to offer up to 50 new oil-and-gas exploration blocks next month, Reuters reports, though terms will be tighter to avoid a repeat of the last auction, when many high bidders failed to pay up.
•China, India Vow Commitment to Renewable Energy: At a London renewable-energy conference, representatives of the fast-growing economies of China and India vowed to balance renewable energy with continuing development, Reuters reports.
•No Relief in the U.K.: Slumping oil prices haven’t eased worries among U.K. manufacturers about high energy costs, the BBC reports.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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.
