Royal Dutch Shell (RDSa.L) expects to take part in the next bidding round for exploration licences offshore Norway, after dropping out of the latest one, the head of its Norwegian unit said on Monday.
The oil major pulled its application from Norway’s 23rd Arctic-focused oil licensing round in April, saying it needed to take a break to assess its exploration plans after the acquisition of BG, and due to low oil prices.
“We are looking forward to the 24th round in order to increase our activity on the Norwegian continental shelf (NCS),” Tor Arnesen, the head of Shell’s Norwegian unit, told an oil conference in northern Norway.
Arnesen said the decision to pull out of the 23rd licensing round was “sad and very regrettable” for the company, which has been a long-standing operator off Norway.
Monday’s announcement may come as a relief to the Nordic country, which saw the withdrawal as a blow to its ambitions to explore for oil and gas in its northern offshore areas.
Shell also applied for acreage in Norway’s so-called mature areas licensing round (APA) in September, which included 33 companies in total.
The annual mature areas awards are normally announced in January.
Brent crude LCOc1 was trading near $48 per barrel on Monday, less than half its price in mid-2014, weighed down by oversupply and squeezing the incomes of exporting nations.
(Reporting by Joachim Dagenborg; Writing by Nerijus Adomaitis; Editing by Mark Potter)
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.
