Royal Dutch Shell may be looking to exit Ukrainian shale as conditions in the region have prompted a delay
Royal Dutch Shell Plc (ADR) (NYSE:RDS.A) has delivered the latest blow to European shale, as it considers withdrawal from its last Ukrainian exploration well.
With Nadra Yuzivska as its partner, the European oil major signed a production sharing agreement (PSA) to explore the Yuzivska shale gas field, which was discovered in 2010.
However, the recent conflict between Russia and Ukraine has prompted Shell to put the project on hold for almost a year, as it has not been able to fulfill its commitments for the Yuzivska project.
Since signing the deal in 2013, conditions surrounding the projects have changed materially, Shell said, as it heads towards the exit.
“We have begun discussions with the Ukrainian government and our partner Nadra Yuzivska LLC on the way forward with the PSA,” Shell confirmed in a statement, as reported by Reuters.
Last year, Chevron exited Ukrainian shale after pulling the plug on its $10 billion shale gas project.
Shale gas production, which has bloomed in the US, has not enjoyed similar success in Europe. In addition to execution challenges, companies looking to explore for shale oil and gas in Europe have run into regulatory hurdles and negative public opinion.
Shale production employs a controversial technique called hydraulic fracturing. Environmentalists argue the technique, also known as fracking, has environmental and health risks. Negative opinion is prevalent throughout most of Europe. France has banned fracking as a whole, while the German government has not allowed companies to conduct suitability tests.
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.
