07/25/2012 | 06:27am US/Eastern
LONDON–Royal Dutch Shell PLC (RDS.LN) Shell announces Wednesday that it signed two offshore oil and gas Production Sharing Contracts, or PSCs, with the China National Offshore Oil Corporation, or CNOOC, and a PSC amendment with CNPC, the China National Petroleum Corporation, for a new development phase for the Changbei gas field in China.
MAIN FACTS:
-Also entered an agreement with CNOOC for its participation in two Shell exploration blocks offshore Gabon, West Africa.
-The two offshore oil and gas PSCs with CNOOC are for blocks 62/02 and 62/17 in the Yinggehai Basin.
-Shell, as operator, will conduct 3D seismic data surveys in the Yinggehai blocks.
-Will cover costs for the acquisition of seismic data and will drill exploration wells during exploration phase.
-Shell will hold a 100% working interest during the exploration phase, that will be reduced to 49% in any eventual development phase, with CNOOC as majority partner.
-In Gabon, CNOOC will acquire a 25% participating interest in offshore exploration blocks BC9 and BCD10.
-CNOOC will reimburse Shell for 25% of certain past exploration costs and carry part of the future exploration costs.
-Shell will remain operator with 75% interest
-Agreement is subject to government approval
-Shell’s “A” Shares at 1008 GMT i[ 19 pence, or 0.9%, at 2,189 pence, valuing the company at GBP141.1 billion.
-Write to Ed Ballard at [email protected]
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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.
