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Posts on ‘May 11th, 2011’

U.S. Approves Shell Plan to Drill in Gulf of Mexico

By RYAN TRACY

WASHINGTON—The U.S. approved a Royal Dutch Shell PLC plan to drill for oil in five locations deep under the Gulf of Mexico.

The Shell proposal is the second deep-water exploration plan approved in the Gulf since the U.S. government lifted a moratorium on deep-water drilling in October. The moratorium was imposed following the BP PLC oil spill in April 2010. At least six other deep-water plans are pending for the Gulf.

Companies apply for permits to drill after receiving approval for an exploration plan. 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.

Shell Oil Companies to Pay $2.2 Million to Resolve Allegations of Royalty Underpayments from Federal Lands

Department of Justice

Office of Public Affairs: Tuesday, May 10, 2011

WASHINGTON – Shell Oil Company and other Shell affiliates have agreed to pay the United States $2.2 million to resolve claims that the companies violated the False Claims Act by knowingly underpaying royalties owed on natural gas produced from federal leases, the Justice Department announced today. Shell Oil Company is the U.S.-based subsidiary of Royal Dutch Shell, a multinational oil company, and is a leading producer of oil and natural gas.

Congress has authorized federal and Indian lands to be leased for the production of natural gas in exchange for the payment of royalties on the value of the gas that is produced.   Each month companies are required to report to the U.S. Department of the Interior (DOI) the amount of royalty that is due. This settlement resolves claims by the United States that the Shell defendants improperly deducted from royalty values the cost of boosting gas up to pipeline pressures, and improperly reported processed gas as unprocessed gas to reduce royalty payments.
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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 Oil Company to Pay $2.2 Million Settlement to Resolve Federal False Claims Case

Tuesday, 10 May 2011: Contact: Patrick Etchart, ONRR (303) 231-3162
WASHINGTON–(ENEWSPF)–May 10, 2011.  Shell Oil Company, Shell Offshore Inc., Shell Frontier Oil & Gas Inc., and Shell Western Exploration and Production (Shell Defendants) have agreed to pay the United States $2.2 million plus interest to resolve claims that the companies violated the False Claims Act by knowingly underpaying royalties owed on natural gas produced from Federal leases, the Department of the Interior (DOI) and the U.S. Department of Justice announced today.

The agreement was reached among the Shell Defendants, the Department of the Interior through its Office of Natural Resources Revenue (ONRR), and the Department of Justice. The total payment, including interest, is $2,287,145.74.

“We are required to ensure that energy companies accurately report production and pay the required royalties,” said Chris Henderson, Acting Assistant Secretary for the DOI’s Office of Policy, Management and Budget. “We will continue to pursue any case where companies do not follow the rules.” 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.

Shell Oil, affiliates to pay $2.2M to settle allegations they underpaid royalties owed to US

By Associated Press, Published: May 10

WASHINGTON — The Justice Department says Shell Oil Co. and affiliates will pay the government $2.2 million to settle allegations that the companies underpaid royalties on natural gas from federal land. The action marks the latest agreement in a lawsuit against various oil and gas companies that has resulted in $233 million in payments by the defendants.

In an earlier part of the case, Shell paid $56 million to settle claims that it had underpaid royalties on natural gas in the Gulf of Mexico. Tuesday’s settlement resolved claims on Shell’s onshore leases. Regarding the $2.2 million, the government said Shell had underpaid royalties by improperly reporting processed gas as unprocessed gas and by deducting from royalty values the cost of boosting gas up to pipeline pressure. 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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