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Posts on ‘June 12th, 2013’

Norway grants 24 oil licenses in Arctic-focused round

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Wed Jun 12, 2013 6:16am EDT

* 24 licenses awarded to 29 companies

* Statoil, Shell, Conoco, Total, ENI among winners

* 36 oil firms had applied, 86 blocks were on offer

OSLO, June 12 (Reuters) – Norway awarded 24 oil and gas exploration licences on Wednesday, focusing on the Arctic Barents Sea, in an effort to prolong oil output after more than a decade of decline.

Statoil, ConocoPhillips, Shell, Total, ENI and nine other firms received the right to operate licences, while a total of 29 firms won stakes in licences. 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.

Third US Lawsuit alleging oil price manipulation

Screen Shot 2013-05-17 at 01.06.41A European Union oil price-fixing investigation has prompted a Shreveport businessman to file a federal lawsuit in Baton Rouge against BP, Royal Dutch Shell and Statoil ASA. Harter’s lawsuit asks that a federal judge prevent the oil companies and Platts from destroying any documents or records relating to setting the price of oil.

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By Ted Griggs, Advocate business writer: June 11, 2013

A European Union oil price-fixing investigation has prompted a Shreveport businessman to file a federal lawsuit in Baton Rouge against BP, Royal Dutch Shell and Statoil ASA.

The lawsuit seeking class-action status by David Harter claims the companies illegally manipulated the price of crude from at least 2002 to now, violating state and federal anti-trust laws.

In May, European Commission investigators raided the offices of BP, Shell, Statoil and Platts, which publishes benchmark oil prices. 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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