The FT states: “Shell’s phlegmatic chief executive Ben van Beurden will need to hold his nose when he takes the money…” and in a related article, describes Shell’s actions as a “retreat from the Niger Delta” (triggered in part by militancy, violence and bunkering).
By John Donovan
The global firesale of Shell assets continues with the sale of four oil fields in Nigeria for $5 billion.
The FT states: Shell’s phlegmatic chief executive Ben van Beurden will need to hold his nose when he takes the money…“ and in a related article, describes Shell’s actions as a “retreat from the Niger Delta” (apparently triggered in part by militancy, violence and bunkering).
Extract from latter article:
“…a militant uprising in the Niger Delta last decade led to severe supply disruptions, and though the worst of the violence has subsided, criminal gangs continue to cause havoc, siphoning off huge volumes of oil from the pipelines that criss-cross the delta.”
Information about the sale by Shell and its partners, Total and Eni, is vague.
A Shell spokesman said: “We have signed sales & purchase agreements for some of the Oil Mining Leases, but not all that we are seeking to divest.”
However, according to Reuters, no details were available on the value of the deals signed, nor when the full process will be completed.
As Rupert Hargreaves correctly points out in a Motley Fool article: “Shell has already sold $8bn worth of underperforming assets so far this year and there are more sales to come. That being said, the group continues to struggle within North America, where Shell has found it hard to compete with local producers.”
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.
