*Shell shares up by 4% on speculation of Shell/BP or Shell/Gazprom tie-up
Thu May 17, 2007 5:29 PM BST
(Recasts, adds analyst on research note)
LONDON, May 17 (Reuters) – Shares in oil giant Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) rose more than 4 percent before closing at their highest level in six months on Thursday as traders cited rumours of a possible tie-up with a rival.
“There’s a mutter of a BP/Royal Dutch tie-up,” said one trader.
Other traders also noted the BP rumour while one analyst reported talk of a tie-up with Russia’s Gazprom (GAZP.MM: Quote, Profile , Research), which the analyst said may have stemmed from a research report from Shell’s house broker ABN AMRO.
Shell and BP representatives declined to comment. ABN could not immediately confirm the report.
Shares in BP (BP.L: Quote, Profile , Research) closed 2.4 percent up at 570-1/2 pence while other oil stocks also gained thanks to a rise in oil prices. The DJ Stoxx European oil and gas sector index < .SXEP> was up 2 percent.
One analyst said Shell shares were also likely supported by comments from a spokesman that the Anglo-Dutch oil giant had started work to restore 170,000 barrels per day (bpd) of crude oil production in Nigeria, after a protest at a major pipeline hub hit output.
While industry sources said BP’s former CEO had considered a tie-up with Shell a few years ago, BP sources said new CEO Tony Hayward planned to focus on fixing BP’s operational issues rather than big strategic actions in the coming months. (Reporting by Rebekah Curtis, Sophie Hares, Alex Lawler and Tom Bergin)
© Reuters 2007. All Rights Reserved.
*Comment added by ShellNews.net
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.
