India and Shell buy to increase energy reserves
- The Guardian,
- Tuesday July 15, 2008
- Article history
The need by major oil companies to acquire new energy production was highlighted yesterday when Shell paid nearly £3bn to buy a Canadian group and the Oil & Natural Gas Corporation of India (ONGC) looked poised to offer £1bn for a relatively small oil company registered in Britain but active in Russia.
Shell has agreed to purchase the Alberta-based Duvernay Oil Corporation for about C$5.9bn (nearly £3bn) to give it access to so-called “tight gas” – natural gas that is hard to extract. Shell’s chief executive, Jeroen van der Veer, said: “Shell has a proven track record in North America tight gas activities. Duvernay could become a valuable part of the Shell portfolio.”
Duvernay has more than 25,000 barrels of oil equivalent per day of production, mainly in natural gas, with plans to raise output to about 70,000 BOEPD by 2012.
Meanwhile, shares in Imperial rose nearly 18% to 910p after a statement saying it had received an “approach” that could result in an offer for the business. Discussions are understood to be taking place between the state-controlled ONGC and the board of Imperial, which is a member of the FTSE 250 and has its head office in London. Last month it reported its biggest exploration strike yet, potentially adding to that reserve base and increasing the potential value of the firm.
The Indian government has told state-owned oil and gas companies to scour the world for new energy sources due to rising industrial and domestic demands. ONGC has not commented on the Times of India’s claim that it was in talks with Imperial about an alliance that could result in an equity stake in Imperial.
http://www.guardian.co.uk/business/2008/jul/15/royaldutchshell.oil
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.
