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Posts on ‘August 9th, 2013’

Oil majors to stay onshore Nigeria despite grumbles

A wave of planned sales of onshore Nigerian assets by oil majors has prompted speculation that they are finally leaving the Niger Delta because of oil theft, gangsterism and political uncertainty. In reality, though, foreign firms such as Royal Dutch Shell , Chevron, Eni and Total are here to stay, industry sources say.

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Thu Aug 8, 2013 8:02pm IST

* Shell, Chevron selling blocks, Eni reviewing position

* Oil majors complain about security, regulatory uncertainty

* Majors likely to keep hold of best assets, eyeing gas

* Sales could be hampered by state oil firm interests

By Joe Brock

ABUJA, Aug 8 (Reuters) – A wave of planned sales of onshore Nigerian assets by oil majors has prompted speculation that they are finally leaving the Niger Delta because of oil theft, gangsterism and political uncertainty.

In reality, though, foreign firms such as Royal Dutch Shell , Chevron, Eni and Total are here to stay, industry sources say. 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.

Judge orders BP to pay $130 million fees to Gulf claims program

But U.S. Magistrate Judge Sally Shushan in New Orleans ruled that it was “unreasonable” for BP to halt funding. Fees have topped $560 million since Juneau’s team started work in June 2012, shortly after BP reached an agreement with businesses and residents to compensate them for spill-related injuries.

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Wed Aug 7, 2013

(Reuters) – BP Plc (BP.L) must pay $130 million (84 million pounds) to a court-appointed administrator overseeing payments to thousands of people who claimed they were hurt by the 2010 Gulf of Mexico oil spill, a federal judge ruled on Wednesday, in a fresh legal setback for the oil company.

BP had balked at funding the third-quarter operating budget for the administrator, Louisiana lawyer Patrick Juneau, complaining that his bill contained “excessive costs.”

But U.S. Magistrate Judge Sally Shushan in New Orleans ruled that it was “unreasonable” for BP to halt funding. 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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