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Posts on ‘July 7th, 2010’

BP to fight US over demand for disclosure

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Fallen: BP’s share price has suffered through the Deepwater Horizon disaster

By Rob Davies
Last updated at 10:45 PM on 7th July 2010

BP is set to defy demands by the US Department of Justice to provide it with advance notice of key business decisions, setting the oil major on a collision course with the American authorities.

The DoJ wrote to BP’s lawyers last month, calling on the company to inform it at least 30 days in advance of any asset sales, restructuring, acquisitions or mergers. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Gripe Site Creator To Recover $30K In Legal Fees

In dismissing the case, Cleland ruled that White had a free speech right to use the company's name, noting that he hadn't created them for commercial gain.

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell: New oil, gas project online in Nigeria

BusinessWeek Logo

The Associated Press July 7, 2010, 1:10PM ET

LAGOS, Nigeria

Royal Dutch Shell PLC says it has started producing oil and natural gas from a new project in Nigeria’s southern delta.

Shell issued a statement Wednesday saying its Gbaran-Ubie project will produce 70,000 barrels of oil a day and 1 billion cubic feet of natural gas a day when fully operational next year. Shell says the project took five years to build and encompasses five oil and gas fields across Bayelsa and Rivers state. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP is asked for advance notice of dealings by US

BBC NEWS

A pelican coated in oil stands on the beach during stormy weather in Ship Island, Mississippi, July 1, 2010.
Credit: REUTERS/Ben Gruber

Wednesday, 7 July 2010 08:04 UK

The US government has asked BP to be told of any major asset sales or merger deals in advance, as it continues to keep a close eye on the oil giant.

The highly unusual request came in a letter from the US Department of Justice dated 23 June.

BP told the BBC it had yet to respond to the letter.

The company is facing massive clean-up costs and compensation claims as a result of the Gulf of Mexico oil leak, which began in April. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Rivals, white knights or Libya: who wants BP?

Channel 4 News

By Anna Doble

Updated on 06 July 2010

As BP’s future is called into question Who Knows Who investigates the potential predators, and investors, who may be poised to swoop on the beleaguered oil firm following the Deepwater Horizon disaster.

A cold wind blows for chief executive Tony Hayward and his chairman Carl-Henric Svanberg. More than two months since the Deepwater Horizon explosion in the Gulf of Mexico, oil continues to gush into the sea.

BP’s name is mud. The mud, on beaches in Louisiana, Florida, Alabama, Mississippi and Texas, is blackening by the day. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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