By Collin Eaton: Updated 9:18 am, Monday, January 15, 2018
Royal Dutch Shell plans to build its first major oil-production vessel in the northern U.K. North Sea in almost three decades, in an effort to redevelop the Penguins oil and gas field, the company said Monday.
Shell believes the floating production, storage and offloading vessel will pump 45,000 barrels of oil equivalent a day from the Penguins field at its peak, and that it could break even on its investment even if oil prices slide below $40 a barrel.
Shell plans to drill eight new wells and tie them back to the FPSO after its current platform there, called the Brent Charlie, stops producing oil.
“We are unlocking development opportunities, with lower costs, in support of Shell’s transformation into a world class investment case,” said Andy Brown, Shell’s upstream director, in a written statement.
Shell said Irving, Texas-based engineering firm Fluor will build the FPSO.
The Penguins field, discovered in 1974, is beneath 540 feet of water about 150 miles north east of the Shetland Islands. In a joint venture, Shell and Exxon Mobil Corp. originally plowed the field in 2002.
U.K. regulators say crude production has fallen 88 percent in the more prolific eastern side of the Penguins field since 2004. Shell operates that field and the western end of the Penguins field.
Related: Shell backs away from new oil sands development
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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.
