05 December 2016
TOKYO (Reuters) – Japanese trading house Mitsui & Co <8031.T> said on Monday it has agreed to buy a 20 percent stake in four blocks in the U.S. offshore oil and gas fields in the Gulf of Mexico from Royal Dutch Shell Plc for an undisclosed amount.
The move follows Mitsui’s other investment decisions earlier this year including co-development of the Greater Enfield oil reserves off Western Australia and an $8 billion (6.29 billion pound) expansion of the Tangguh liquefied natural gas project in Indonesia which is led by BP , taking advantage of the recent drop in commodity prices.
In its latest deal, Mitsui Oil Exploration Co will buy the 20 percent stake in four blocks in the Mississippi Canyon, located about 100 kilometres south-southeast of New Orleans, in the Gulf from a Shell subsidiary.
The recoverable resources of all the blocks are estimated to be more than 100 million barrels of oil equivalent, worth about $5.1 billion based on the current West Texas Intermediate crude futures price of about $51 a barrel.
Production of crude oil and gas would utilise the existing near field infrastructure, which could help early commercialisation at lower development costs, the company said.
Production could start as early as 2019, a Mitsui spokesman said.
(Reporting by Yuka Obayashi; Editing by Manolo Serapio Jr.)
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
