HOUSTON (AP) — Transocean Ltd. said Friday that Royal Dutch Shell has entered into 10-year contracts worth $7.6 billion for four ships that will be used to drill for oil in deep water.
The estimated revenue backlog doesn’t include costs of putting the ships in service. Transocean said investment for the rigs will be about $3 billion excluding interest.
Transocean said the first of the ships is expected to be delivered in mid-2015 with the others following every six months. They will be built in South Korea by Daewoo Shipbuilding and Marine Engineering Co.
The rigs are designed to operate in up to 12,000 feet of water and drill wells to 40,000 feet.
Transocean CEO Steven L. Newman said the rigs add to the revenue backlog, improve its ultra-deep-water fleet and expand the company’s relationship with a key customer.
Shell Executive Vice President Peter Sharpe said the company was modernizing its rig fleet at “fair market rates.”
In midday trading, shares of Switzerland-based Transocean fell 40 cents to $44.97, while shares of Royal Dutch Shell, headquartered in the Hague, Netherlands, dropped 98 cents to $69.58.
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.
