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Shell’s drill ship, Kulluk, was set to begin operation this spring. But the vessel ended up running aground on New Year’s Eve, and the company was subsequently fined $US1.1 million for damages incurred. “That was a big disappointment to me personally,†Voser said. The incident forced Shell to delay its drilling plans, and Mr Voser said the company still didn’t know “if we’ll go back [into Alaskan waters] in 2014 or 2015.â€
Shell’s outgoing chief executive, Peter Voser, says any talk of other countries witnessing a U.S.-style fuel production boom has been “hyped.â€
In an interview with the FT’s Guy Chazan, Voser also said the company’s Arctic drilling plans have been derailed and may not be back up and running until 2015.
On other countries’ unconventional oil and gas production potential, Voser said China in particular could end up disappointed:
“…Mr Voser also said rhetoric about the US shale revolution being exported to other countries was “hypedâ€, and that the rest of the world was in an early “exploration phase†which could yield “negative surprisesâ€.
“He singled out China, where Shell has drilled 22 wells, as one of the most prospective countries for shale gas, but warned that costs there were higher than in the US.â€
On Arctic drilling, Shell has sunk $US5 billion into exploration, infrastructure, and leasing on Alaska’s North Coast, which is said to contain 22 billion barrels of oil.
Shell’s drill ship, Kulluk, was set to begin operation this spring. But the vessel ended up running aground on New Year’s Eve, and the company was subsequently fined $US1.1 million for damages incurred.
“That was a big disappointment to me personally,†Voser said. The incident forced Shell to delay its drilling plans, and Mr Voser said the company still didn’t know “if we’ll go back [into Alaskan waters] in 2014 or 2015.â€
Voser also discusses why the company had to sell off holdings in Texas’ Eagle Ford shale, an epicentre of the unconventional oil boom.
He is stepping down at the end of the year.
Read the full interview on FT.com
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.

























































