The suit came about as a result of a gas spill that occurred after a Shell pipeline broke in 1988.
August 22nd, 2008:
Shell required to pay $46 million to settle U.S. pollution lawsuit
China and Iraq Finalize Oil Contract, as Western Oil Majors Waver
Thirty-five foreign oil majors were invited to bid for contracts to provide technical support and help boost production in eight oil and natural gas fields last month. However, it was recently reported that oil majors are balking at the commitment...
Oil majors look set fair for mergers
The last big oil merger cycle was a decade ago and we are set fair for another bout. The majors have held back - a year ago BP toyed with the idea of courting Shell and Shell has an on-off love affair with BG Group.
Nigerian President YarAdua sacks army chiefs in shake-up
The coastal region is home to some of the worlds biggest oil companies including Chevron and Royal Dutch Shell and produces millions of barrels of oil every day, yet the majority of people live in poverty on the polluted wetlands.
Eight held as fresh protest flares over Shell pipeline
PROTESTS aimed at stopping the planned Corrib gas pipeline in Co Mayo scaled new and daring heights yesterday.
BP’s troubles in Russia show Big Oil’s clout fading
Gone are the days when BP manhandled reserves out of foreign countries, as it did in Iran the early years of the last century. Once the lion of British enterprise, Russia has brushed it aside like a kitten.
Former Shell president is the man with a plan
Everyone these days, from T. Boone Pickens to me, seems to have an energy plan, and Hofmeister is no different. His, though, has executive suite cred. He doesn't have an interest in any particular fuel source, as Pickens does, and, as he's quick to point out, he's not running for office.