APRIL 11, 2019 / 8:55 AM /
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Adds comment from Delek CEO, details on Caesar Tonga field, industry background)
April 11 (Reuters) – Royal Dutch Shell has agreed to sell its stake in the Caesar Tonga field in the Gulf of Mexico for $965 million in cash to a subsidiary of Israel’s energy conglomerate Delek Group.
Company unit Shell Offshore will sell its 22.45 percent non-operated interest in a deal, which is likely to close by the end of the third quarter of 2019, Shell said in a statement.
The oil and gas company has been selling its assets as part of a three-year, $30 billon divestment plan that began in 2015 after the takeover of BG Group Plc.
It last year sold its Danish upstream business to Norwegian Energy in a deal valued at $1.9 billion.
The Caesar Tonga field has 30 more years of life and assuming no change in the rate of production, Delek’s interest reflects 78 million barrels of oil equivalent reserves, Delek, Israel’s first government-owned gas retailer, said.
Chief Executive Officer of Delek Asaf Bartfeld said the deal, along with the exploration activity in the North Sea and the Gulf of Mexico, would beef up its position in the international energy market.
The deal is subject to the right of refusal by Anadarko Petroleum Corp, Equinor ASA and Chevron Corp who own the rest of the field.
(Reporting by Tanishaa Nadkar in Bengaluru; editing by Patrick Graham and Arun Koyyur)
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.
