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December 20th, 2014:

Big Oil’s $3 Billion Homage to Nazi War Criminal

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The biggest vessel in the world, the Pieter Schelte (above) has been built by Daewoo in South Korea. Swiss company Allseas commissioned the building of the huge $1.7bn ship. Both the legs and main structure of a rig can be moved simultaneously (shown in illustration)

Article by Eamonn Fingleton published by Forbes.com: 20 December 2014

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Big Oil’s $3 Billion Homage to Nazi War Criminal

Ships don’t come bigger than the Pieter Schelte. They don’t come more controversial either. Built in Korea at a cost of nearly $3 billion, the gargantuan new ship is now sailing towards the Netherlands, where it will soon enter service in the European offshore oil industry.

A huge catamaran, it weighs 932,000 tons, a world record, and nearly 18 times the Titanic. It will lift offshore oil rigs weighing up to 48,000 tons, again a world record. So much for the technicalities – but there is, ahem, a slight political problem: the ship’s name. read more

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Shell may exit Japan

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Screen Shot 2014-06-23 at 11.37.41According to a report in the Nikkei business daily Royal Dutch Shell will likely exit the oil-refining and sales business in Japan.

Japan’s second-largest oil distributor Idemitsu Kosan is planning to acquire its smaller rival Shell Sekiyu in a deal worth an estimated $4.18 billion.

Idemitsu and Shell are expected to sign a basic agreement as early as February, with the tender offer to be launched pending regulatory approval.

Idemitsu and Showa Shell have a total of six refineries under their wings. read more

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.