Oil major’s disposals continue with stake in Dutch wind farm
by Tsveta Zikolova: Monday, 08 Jan 2018, 08:58 GMT
The growth of Royal Dutch Shell’s (LON:RDSA) oil and gas operations in the next decade will depend on shale production, the company’s chief executive has told the Financial Times. In a separate development, Reuters reports that the energy major has inked a deal to offload a stake in a Dutch wind farm.
Shell’s share price has been little changed this morning, having inched 0.04 percent lower to 2,529.00p as of 08:24 GMT. The group’s shares are marginally outperforming the broader UK market, with the benchmark FTSE 100 index currently standing 0.15 percent lower at 7,712.82 points.
Shell to bet on shale
Shell’s chief executive Ben van Beurden told the FT over the weekend that he saw chemicals, electricity and biofuels as key sectors for the group’s long-term future. He, however, is also planning for growth in company’s traditional core oil and gas production business, focused on shale reserves in the US, Canada and Argentina.
He further told the newspaper that depending on how oil prices looked in the 2020s, Shell would probably want to keep investing in shale “because we will really want to grow this business quite quickly”. Van Beurden added that the oil major had been working hard in the past few years to cut shale production costs, and that with “a little bit of help from the oil price going up, we now see that we can significantly accelerate investment into this opportunity”.
Group sells stake in Dutch wind farm
In other Shell news, Reuters reported today that German investor Partners Group Holding had taken a 45-percent stake in a 700 megawatt (MW) offshore wind project in the Netherlands, buying partial stakes from Shell, Mitsubishi and Eneco. Project leader Shell cut its stake to 20 percent from 40 percent.
The news comes with the Anglo-Dutch group looking to trim its assets in an effort to shore up its balance sheet following its acquisition of BG Group. Last week, the company wrapped upthe sale of its liquefied petroleum gas marketing business in Hong Kong and Macau.
As of 09:00 GMT, Monday, 08 January, Royal Dutch Shell Plc ‘A’ share price is 2,527.00p.
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.
