Wed Feb 13, 2008 10:06pm GMT
HOUSTON, Feb 13 (Reuters) – A top Royal Dutch Shell (RDSa.L: Quote, Profile, Research) executive said higher commodity prices and new technology were behind the company’s huge bid to explore in the Chukchi Sea off Alaska’s northwestern coast.
“Commodity prices are in a much different place than they were when we were there many, many years ago, and more importantly, technology (has developed),” said Linda Cook, executive director for gas and power at Shell. “We can now have more confidence about our ability to explore and develop and operate in what will be difficult conditions,” she said.
Last week, the company bid $105.3 million for a single exploration block there, the highest dollar amount offered for a single tract in an offshore lease sale, the Minerals Management Service said.
Shell, the most active bidder in the record-breaking sale, offered $2.1 billion in total high bids for 275 tracts, according to preliminary results released by the MMS.
The company won back exploration rights to Chukchi territory it had explored in the late 1980s but later abandoned.
“We drilled some years ago in the Chukchi, so we have some information from that previous campaign,” Cook said, speaking to reporters at the CERA energy conference. “We did our homework.”
She said Shell views Alaska “as one of the remaining potentially large prospective basins around the world for oil and gas exploration.”
(Reporting by Michael Erman, editing by Matthew Lewis)
© Reuters 2008 All rights reserved.
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.
