upstreamonline.com
Anglo-Dutch supermajor Shell could sell more than $10 billion of assets including its North Sea oilfields operations, sources close to the company are reported to have said.
Upstream staff 15 February 2010 01:30 GMT
While most of the cuts are expected to come from the companys downstream operations, which were hit hard during the global economic crisis, Shell is also is looking at a $5 billion disposal program for onshore fields in Nigeria, Londons Sunday Times newspaper reported, citing unnamed sources.
Shell has hired Credit Suisse to sell its $1 billion European liquefied petroleum gas arm, and first-round bids of about $500 million have also been lodged for a network of petrol stations across Africa, Reuters reported the paper said.
Shell, Europe’s second-largest oil company by market value, declined to comment.
It pledged $1 billion in cost cuts and to shave 1000 jobs in 2010, and upped its target for refinery divestments when it posted a 75% drop in fourth-quarter profits earlier this month.
Shell is also contemplating an exit from Sweden, and a $1.2 billion auction of three European refineries, the paper said, according to the Reuters report.
Published: 15 February 2010 01:30 GMT
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.
