November 25, 2007
Grant Ringshaw
OIL giant Shell is considering selling stakes in two offshore Nigerian oil and gas projects to CNOOC, the Chinese state-controlled company, in a deal worth about $900m (£437m).
Shell holds stakes of 49.8% in each of the projects. Bankers said that CNOOC is likely to view the operations as prize assets as the Chinese group seeks to expand its interests in Africa aggressively.
Analysts said that the potential deal shows that Shell is prepared to take hard decisions. It has had a troubled time in Nigeria, where its interests in the delta region have been attacked by militants.
It has also been hit by problems with shortfalls in Nigerian government funding for joint-venture projects and fears that profits could be squeezed if the government presses ahead with plans to increase its share from lucrative offshore contracts.
Last week, Shell said it would reorganise its operations in Nigeria by merging the production, development and projects divisions of three separate business units in the country.
The deal comes after CNOOC was linked earlier this month with a possible acquisition of Shell’s interests in Australia’s North West Shelf oil and gas project. Analysts believe the deal could be worth about $450m.
CNOOC is thought to have hired Australian investment bank Macquarie, to advise on the deal.
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2935714.ece
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.
