In 2006, a Los Angeles Superior Court jury found Shell guilty of intentional fraud and concealment, awarding Mr. Atallah $1.65 million in compensatory damages. The jury also found that Shell had acted with "oppression, malice or fraud", clearing the way for the jury to award punitive damages.
March 12th, 2010:
Jury Awards $50 Million in Punitive Damages Against Shell Oil Subsidiary
Shell: Years of sliding production
This is Money
City Diary: Week ahead in the markets
Press Association
12 March 2010, 4:43pm
Attempts by Royal Dutch Shell to address its production difficulties will be in the spotlight next week…
Royal Dutch Shell chief executive Peter Voser faces a tough challenge on Tuesday when he presents the oil major’s strategy update to a sceptical City.
The Anglo-Dutch firm has to convince analysts it has the plans in place to turn around years of sliding production, as well as strip costs out of the business.
The pressure on Mr Voser – less than nine months into the job – has increased due to the improvement at rival , where Tony Hayward is leading a resurgence after years in the doldrums.
Shell May Raise Arrow Energy Offer, RBS Morgans Says
By James Paton
March 12 (Bloomberg) — Royal Dutch Shell Plc and PetroChina Co. may need to increase their offer by as much as 55 Australian cents a share to A$3.7 billion ($3.4 billion) to acquire Arrow Energy Ltd., said an analyst at RBS Morgans.
Shell and PetroChina may have to sweeten their offer for Arrow to as much as A$5 a share, Nik Burns, a Melbourne-based analyst, said in a note to investors. While the companies may need to raise the bid to at least A$4.80 a share, the transaction is more than likely to proceed, said Burns, who predicted last month that Shell may make an offer for Arrow.
Shell’s Holliday
By Emiliya Mychasuk and Emiko Terazono
Published: March 12 2010 02:00
A reshuffle on the Royal Dutch Shell board, which drew investor approbrium over pay last year, sees the hiring of former DuPont chief executive Chad Holliday Jr . The American is a co-author of Walking the Talk, putting a business case for corporate responsibility.
Shell Sells Stake in Offshore Brazil Oil Block to Japans Inpex
By Peter Millard
March 11 (Bloomberg) — Royal Dutch Shell Plc. confirmed that it sold part of its stake in an offshore Brazilian oil block to Japans Inpex Corp.
Shell said in an e-mailed statement today that it sold 15 percent of the BM-ES-23 block. Petroleo Brasileiro SA, Brazils state-controlled oil producer, operates the block with a 65 percent stake.
Financial terms of the deal werent disclosed.
To contact the reporter on this story: Peter Millard in Mexico City at [email protected]