Since Mr Van Beurden began working alongside outgoing boss Peter Voser at the beginning of the fourth quarter, the company has cancelled plans to build a gas-to-liquids (GTL) plant in the United States, raising investor hopes of a tighter spending regime. Mr Kenney said he expected Shell under Mr Van Beurden to focus on capital discipline, better returns and selling peripheral assets. Mr Van Beurden will face investors on January 30 as the company reports fourth-quarter results, and on March 13 at a planned investor day.
ROYAL Dutch Shell could look to sell $15bn worth of assets over the next two years including some North Sea fields, a media report said yesterday, expanding on its existing guidance that divestments would accelerate this year.
Shell, whose new chief executive Ben van Beurden took over two weeks ago, will sell some of its North Sea oil fields as well as parts of its refining portfolio and some early-stage projects, reported the Financial Times, citing a person close to the company.
The oil company, the world’s number-three among investor-controlled energy firms, declined to comment on the report.
Shell and its peers in the industry are facing increasing investor pressure to hold down spending as costs rise and prospects for oil prices wane.
The Anglo-Dutch company said in October that it would step up divestments “significantly” in 2014 and 2015 to keep cash flowing in, after forecasting that 2013 capital expenditure would peak at about $45bn. Analysts and bankers say that some of the company’s Nigerian oil blocks plus Shell’s 23.1pc stake in Australian group Woodside Petroleum — worth over $6bn at current prices — could be put on the block.
“It wouldn’t surprise me if Shell were to sell some North Sea assets,” Santander analyst Jason Kenney said.
“In the North Sea, something like 80pc of its production comes from 20pc of its asset base so there’s a long tail of smaller positions.”
Since Mr Van Beurden began working alongside outgoing boss Peter Voser at the beginning of the fourth quarter, the company has cancelled plans to build a gas-to-liquids (GTL) plant in the United States, raising investor hopes of a tighter spending regime.
Mr Kenney said he expected Shell under Mr Van Beurden to focus on capital discipline, better returns and selling peripheral assets.
Mr Van Beurden will face investors on January 30 as the company reports fourth-quarter results, and on March 13 at a planned investor day. (Reuters)
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.
