By Daniel J. Graeber: March 23, 2016
PERTH, Australia, March 23 (UPI) — Australian energy company Woodside said it was putting a hold on the development of its Browse liquefied natural gas project because of market conditions.
Woodside said that, even with front-end engineering and design work completed, weak economic and market conditions meant it was necessary to put a hold on the $50 billion facility.
“We have undertaken a comprehensive and rigorous process to assess all elements of the development,” Woodside CEO Peter Coleman said in a statement. “The decision represents a disciplined approach to large-scale capital investment and is consistent with our requirements for a development concept to be commercially robust across a range of scenarios.”
Woodside, the largest independent oil and gas company in Australia, said that its financial position was damaged in part because of historically low crude oil prices. Net income of around $26 million last year was down roughly 90 percent from the $2.4 billion recorded in 2014.
The Australian company said it was slated to make further investment decisions on Browse later this year, but would now work with its partners on a new work program and budget.
“We will use the additional time to pursue further capital efficiencies for Browse,” Coleman said.
Royal Dutch Shell in 2014 sold an 8 percent stake in the Wheatstone gas project in Australia so it could better focus on Browse and similar facilities in the country. In February, Woodside named former Shell Executive Vice President Ann Pickard as a non-executive member of its board.
Woodside, Shell and BP hold the most shares in the Browse, alongside minority partners in an Asian energy sector looking to Australia as a source for energy. Chevron this week shipped its inaugural cargo of LNG from its Gorgon project in Australia to a Chinese energy company.
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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.
