Shell figures on forming a joint venture with Tatneft, Russian oil and gas company, to explore and develop heavy oil fields in the republic of Tatarstan, said the head of Shell office in Russia.
May 16th, 2008:
Shell and Tatneft to set up a Joint Venture
Shell prefers to sue in Malaysia where justice can be bought by the litigant with the deepest pockets
A Live Chat Guest on our website who currently uses the pseudonym of MUSAINT, has asked about the progress of the lawsuits involving the Malaysian Dr John Huong, who is being sued for defamation by EIGHT Royal Dutch Shell companies.
Shell defendant in $423 million settlement of water contamination class-action
The defendants in the case -- representing about 70 percent of the country's oil refiners -- agreed to make a cash payment of $423 million to water providers in a total of 17 states nationwide. Settling defendants in the case include BP Amoco, Atlantic Richfield, Chevron, Conoco Phillips, Shell, Marathon, Valero, CITGO, Sunoco, Hess, Flint Hills, El Paso Corp., Merchant Energy and Tesoro.
Shell defendant in Apartheid lawsuit: accused of aiding and abetting in the commission of a crime against humanity
Among the companies that face litigation are IBM, BP, Credit Suisse, Daimler, Deutsche Bank, Exxonmobil , Ford Motor, General Motors and Shell. Lawyers in South Africa said yesterday that the decision to extend the Alien Tort Claims Act to include corporations accused of aiding and abetting in the commission of a crime against humanity was a major triumph.
Royal Dutch Shell CEO Jeroen van der Veer sensitive about his fat cat income
He quotes Royal Dutch Shell's CEO Jeroen van der Veen, who in 2007 earned 9.4 million euros. He says people should realise that Shell is one of the world's five largest companies: "Either you have a headquarters and accept as part of the bargain that large numbers of people earn high salaries, or you don't. I've noticed there is very little understanding for the needs of a large company. I find this disturbing."
New Challenges for BP in Russia
For months, Moscow has been abuzz with speculation about what could lie behind TNK-BP's string of troubles. The most popular interpretationat least until recentlywas that the Kremlin was putting pressure on TNK-BP to force the company's Russian shareholders to sell their 50% stake to the government.
Senate Takes Step On Energy Oversight
Federal regulators would have greater oversight of energy markets as part of the massive farm bill passed by the Senate Thursday. Traders cited the move to close the so-called Enron Loophole -- one of several measures Congress is considering to damp speculative trading in oil -- as a factor behind turbulent trading in the oil markets Thursday.
Exxon Chief Criticizes U.S. Oil Policy
Exxon Mobil Corp. Chairman and Chief Executive Officer Rex Tillerson says he finds it "astonishing" that President Bush is asking Saudi Arabia to pump more oil rather than working harder to clear the way for more oil production at home.
Solar Valley Rises in an Overcast Land
THALHEIM, Germany This sad stretch of eastern Germany, with its deserted coal mines and corroded factories, epitomizes post-industrial gloom. It is a place where even the clouds rarely seem to part. Yet the sun was shining here the other day and nowhere more brightly than at Q-Cells, a German company that surpassed Sharp last year to become the worlds largest maker of photovoltaic solar cells. Q-Cells is the main tenant among a flowering cluster of solar start-ups here in an area known as Solar Valley.
Oil veteran Boone Pickens makes $2bn gamble on wind farm in Texas
Royal Dutch Shell is also planning a 3,000-megawatt wind farm in the state.
4 Nigerians drag Shell to court in Netherlands
Four Nigerians have dragged Shell Petroleum Development Company (SPDC) before a court in Amsterdam, Netherlands, for alleged massive damage caused by oil spills as a result of the activities of the company in their villages back home.
Shell’s support for carbon capture plant raises hopes for emissions cuts
Royal Dutch Shell has agreed to invest in one of the largest carbon capture and storage (CCS) projects in the world.
BP Staff Locked Out As Visa Trouble Ends
A court order banning BP employees from working for its Russian unit, TNK-BP, came at a time when some of them were ready to come back to their jobs after a suspension, a BP spokesman said Wednesday.