By James Paton
April 14 (Bloomberg) — The Australian Competition and Consumer Commission cleared Royal Dutch Shell Plc and PetroChina Co.s A$3.5 billion ($3.3 billion) bid to acquire Arrow Energy Ltd. after a monthlong review of the proposed transaction.
Taking into account the significant competing gas suppliers and abundant gas reserves that would remain post- acquisition, the ACCC considered that the proposed acquisition was unlikely to substantially lessen competition in any relevant market, the Australian regulator said on its Web site.
Shell and PetroChina are still seeking approval from Australias Foreign Investment Review Board after agreeing last month to buy Arrows Australian business for A$4.70 a share in cash. Arrow investors also will receive shares in a new company, Dart Energy Ltd., which will hold the explorers gas assets overseas and Arrows stakes in Australian-listed companies.
Phil Connole, a Shell spokesman in Melbourne, wouldnt say how long the review board process could take and declined to comment on the ACCCs decision.
Shell and PetroChina initially made a A$4.45 a-share offer, Brisbane-based Arrow said on March 8. The Australian energy company announced an agreement on March 22 after the two companies raised their bid.
Shell and PetroChina join BG Group Plc and Malaysias Petroliam Nasional Bhd. in acquiring coal-seam gas assets in Queensland to supply planned liquefied natural gas ventures.
–Editors: Alex Devine, Jane Lee.
To contact the reporter on this story: James Paton in Sydney at [email protected]
To contact the editor responsible for this story: Amit Prakash 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.
