Friday, 1 July 2016
Royal Dutch Shell’s chief executive has told the BBC he is taking “a good look” at the company’s North Sea assets, in the light of weak oil prices.
Ben van Beurden said that some older fields might be sold and others decommissioned.
He also said the company’s dividend payout was “safe and secure”, despite tough conditions for oil companies.
With an annual payout of $15bn (£11bn), Shell is the biggest payer of dividends among UK companies.
But some have questioned whether Shell can maintain that payout if oil prices remain low.
In January, North Sea Brent Crude fell below $28 per barrel, the lowest level since 2003.
Since then, it has recovered to around $50 a barrel, but that is still well below June 2014, when a barrel was fetching $115.
In response last year, Shell announced that it would sell $30bn worth of assets and announced thousands of job cuts.
North Sea options
On Friday, Mr van Beurden told the BBC that Shell would “have to take a good look at the more mature assets in the North Sea”.
“Some of them are in decommissioning mode, like Brent. Some of them are very late in their life, maybe therefore better owned by companies that can run that kind of business better and more efficiently than we can.
“And in other cases, we’ll probably have to reconsider reinvesting in it, or maybe giving them another lease of life.”
In January, Royal Dutch Shell shareholders approved the company’s $49bn takeover of BG Group.
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.
