Oil giant Shell predicts a bright future for the North Sea. Picture: Ivar Langvik
ANGUS HOWARTH Published: 09:38 Wednesday 06 December 2017
A senior executive at Shell has predicted a bright future for the North Sea into the next decade and beyond. Steve Phimister, upstream vice president for the UK and Ireland for the multinational oil giant, said the company had no plans to sell off any more assets in the region.
Speaking at an event in Aberdeen yesterday he said: “We have, in the last year, conducted quite a significant divestment of a package of assets. It’s been done very intentionally and very clearly with an intention to focus on our core business.
“We’ve said we will invest millions, maybe north of $500million a year in order to rejuvenate that portfolio and keep it sustained.”
Mr Phimister hailed a “great year” and said Shell expected 2018 to be a strong year.
He added: “I think that we have a very strong portfolio right out into the 2030s.”
In October, Norwegian energy giant Statoil announced that a new discovery in Scottish waters could contain in the range of 25 to 130 million barrels of oil.
The discovery came just weeks after research suggested that the UK’s oil industry was entering its final decade of production.
A study of output from offshore fields estimates about 10 per cent of the nation’s original recoverable oil and gas remains, according to the University of Edinburgh’s School of GeoSciences. If the predictions are correct the UK would soon have to import all the oil and gas it needs, the university’s scientists warned.
Scottish energy minister Paul Wheelhouse, said Statoil’s findings highlight “the significant potential for oil and gas which still exists under Scotland’s waters”.
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.
