LONDON (Reuters) - Oil major Royal Dutch Shell (RDSa.L: Quote, Profile,Research) has pulled out of a planned gas project in Iran, after coming under pressure not to participate from U.S. lawmakers who were concerned about Iran's nuclear programme.
May 10th, 2008:
Shell pulls out of Iran gas deal
Shell losing 30,000 barrels per day after Nigeria oil attacks
PORT HARCOURT, Nigeria (AFP) Oil major Royal Dutch Shell said Saturday it was losing the equivalent of 30,000 barrels of crude oil per day because of recent attacks against its installations in Nigeria.
Oil & Water Mix it Up, Reach Settlement Over Chemical Seepage
Today, according to the WSJ, about a dozen oil companies agreed to pay $423 million to settle litigation with 153 water providers in 17 states over leakage of the gasoline additive MTBE
Financial Times: US to probe Nigeria oil industry payments
US anti-bribery investigators are targeting a former Halliburton subsidiary over its work on a key Royal Dutch Shell project in Nigeria, widening a corruption probe into the country's troubled oil industry.
Some Oil Companies Settle Suit Over Chemical Cleanup
Rick Wallace of Wallace, King, Domike & Reiskin, who represented Chevron and Shell in the settlement, said that the companies should not be penalized, because MTBE was added in response to federal rules seeking to promote cleaner combustion.
Nigeria’s Production Woes Could Worsen
LONDON -- The recent slump in Nigeria's oil output may have been disastrous for Africa's largest oil producer, but problems could worsen.