Written by Rita Brown – Sunday 27/03/2016
Shell today confirmed it was considering a North Sea sell-off in a bid to balance its financial books after completing its $35billion mega takeover of BG.
The operator is currently looking to raise $30billion from asset sales from its global portfolio.
A company spokesperson said its North Sea assets could make-up part of the re-shuffle.
The spokesman said: “A review of all assets, including those in the North Sea, is under way as part of our commitment to the $30bn asset sale.”
The spokesman stopped short of outlining which assets were being mulled over.
In the Central and Northern North Sea, Shell owns the Brent Field, Curlew, Goldeneye, the Gannet complex, Nelson, Pierce, Shearwater and the Shearwater Elgin Area Line (SEAL).
In the Southern North Sea, Shell owns Bacton, Clipper and Leman Alpha.
The oil major also owns Armada, Everest, Lomond and Jackdaw.
It’s thought the Neptune oil and gas fund is considering a possible purchase.
A spokesperson for the fund told the Financial Times Shell’s North Sea assets was a number of targets the fund was “currently reviewing” along with others in north Africa and Asia.
Shell currently employs about 2,500 people in the North Sea.
Last year the firm was forced to cut 10,000 jobs.
Shell’s chief financial officer Simon Henry has previously discussed a possible North Sea sell-off.
At the time he said: “Opportunities at the top and the bottom are good, and in between the assets are mature. The question is at what point in their life should we consider leaving the future of the those assets in the hands of others?”
RELATED ARTICLES
- Shell divests major downstream assets
- PA Resources sells North Sea assets
- Shell financial boss discusses possible North Sea sales
- Petroceltic urges shareholders take no action over bargain bin offer
- Circle Oil considers sell-off as it battles mounting debts
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
