By STEPHEN BELL
October 19, 2007
Woodside Petroleum Ltd. cut its full-year production forecast by as much as 10%, feeling the impact of asset sales and a surprise field shutdown.
Perth-based Woodside, which is 34%-owned by Royal Dutch Shell PLC, said it expects to produce between 70 million and 71 million barrels of oil equivalent this year, down from an August forecast of between 72 million and 78 million barrels. The company produced 67.9 million barrels last year.
Woodside has experienced a series of oil-production problems. But analysts said investors are focused on the company’s plan to significantly increase production of liquefied natural gas in the face of strong Asian demand.
Woodside shares closed up 2.4% at 55.50 Australian dollars (US$49.35) amid broad support for resource stocks.
Some analysts and investors had anticipated the reduced forecast. Issues such as the recent sales of its Mauritanian assets and continued delays at the Otway gas joint venture had been largely factored in, said Andrew Blakely, an analyst at Macquarie Equities.
Write to Stephen Bell at [email protected]
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.
