COMMENT RECEIVED FROM A REGULAR CONTRIBUTOR ABOUT SHELL SELLING A MAJOR PART OF ITS DANISH DOWNSTREAM ASSETS
John
On your site a few months back there was an article about contamination of the area of the Shell refinery in Fredericia which does not appear to have been included in the sale of the rest of the downstream portfolio.
“Decade-old oil spills from tanks at the Shell Oil facility in Fredericia are still polluting the environment.”
Is there an issue of liability for clean-up costs? The Fredericia refinery is small, but processes much of the crude produced offshore Denmark (where Shell is the biggest shareholder in the DUC).
March 17, 2015 /PRNewswire/ – Alimentation Couche-Tard Inc. (“Couche-Tard”) announces today that it has signed, through its wholly-owned indirect Danish subsidiary Statoil Fuel & Retail A/S, an agreement with A/S Dansk Shell to acquire its Retail, Commercial Fuels and Aviation businesses in Denmark. 
Introduction by John Donovan
Reuters article published Tuesday 23 December 2014 under the headline: 
*Royal Dutch Shell Plc has sold a $600 million stake in a Nigerian oil lease as part of its plan to sell off $15bn worth of assets around the world. The fire sale no doubt has added momentum in view of the collapse in the price of oil. Shell has already disposed of under-performing assets in Australia, the USA and in the North Sea. Bloomberg News has reported that 
By John Donovan
By John Donovan
According to a Financial Times 
The FT states: “Shell’s phlegmatic chief executive Ben van Beurden will need to hold his nose when he takes the money…” and in a related article, describes Shell’s actions as a “retreat from the Niger Delta” (triggered in part by militancy, violence and bunkering). 
By John Donovan
SHELL’S USA FIRE SALE
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
