Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, expanded cooperation with China’s state- backed producers, giving it more access to reserves in the world’s second-largest economy.
The London-based company signed two offshore production- sharing contracts with Cnooc Ltd. (883) for the Yinggehai basin and amended a production sharing agreeement with China National Petroleum Corp. to allow the development of tight gas reserves, Shell said in a statement today. It also agreed to explore blocks off Gabon with Cnooc.
“These new projects in partnership with Chinese companies are the latest showcase of our China strategy to work with our Chinese counterparts both in China and globally to help meet the country’s energy needs,” Lim Haw-Kuang, head of Shell in China, said in a statement.
In the offshore Yinggehai blocks, Shell will conduct seismic surveys and hold a 100 percent working interest in the exploration phase that will be reduced to 49 percent if there is a development, it said. In Gabon, Cnooc acquired a 25 percent interest in two exploration blocks and will reimburse Shell for some past costs.
Shell signed China’s first shale gas production sharing contract in March as China tries to unlock resources similar to those that sparked the U.S. natural gas boom. China may have 50 percent more shale gas reserves than the U.S., according to the U.S. Energy Information Administration.
To contact the reporter on this story: Brian Swint in London at [email protected]
To contact the editor responsible for this story: Will Kennedy at [email protected]
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.
