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Posts on ‘April 8th, 2013’

Shell, BASF Agree to Settle Brazil Contamination Case for $187 Million -Court

The Brazilian units of Royal Dutch Shell PLC and Germany’s BASF agreed to pay 370.8 million Brazilian reais ($187 million) to settle a lawsuit over suspected contamination at a now-shuttered pesticide plant, Brazil’s Supreme Labor Court said Monday.

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By Jeff Fick: Dow Jones Newswires: Published April 08, 2013

The Brazilian units of Royal Dutch Shell PLC (RDSB.LN) and Germany’s BASF (BASFR) agreed to pay 370.8 million Brazilian reais ($187 million) to settle a lawsuit over suspected contamination at a now-shuttered pesticide plant, Brazil’s Supreme Labor Court said Monday.

The completed settlement brings to a close a court dispute first initiated in 2007, when workers at the plant filed a court case after the discovery of low concentrations of a pesticide chemical in ground water and soil around the site of the Paulinia facility in the 1990s. Shell and BASF had previously said they had accepted a settlement proposed by the court as part of conciliation hearings. read more

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Gazprom, Shell to develop Arctic oil fields

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The Associated Press: 8 April 2013

MOSCOW — Energy giants Gazprom and Royal Dutch Shell PLC have agreed to jointly develop offshore Arctic oil fields, Russian media reported Monday.

The companies will develop the Severo-Vrangelevsky field in the Chukchi Sea and the Severo-Zapadny field in the Pechora Sea. Russian Energy Minister Sergei Donskoy was quoted by national media as saying Monday that Shell is likely to have a 33.3 percent stake in the fields.

Russia is trying to assert jurisdiction over parts of the Arctic, which is believed to hold up to a quarter of the Earth’s undiscovered oil and gas. By speeding up the Arctic oil project, the Kremlin is strengthening its bid. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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