(Updates with Shell confirming the ruling.) LONDON -(Dow Jones)- A New Jersey court ruled last week that it had no jurisdiction over a European shareholders case concerning a 2004 reserves scandal at Royal Dutch Shell PLC (RDSB.LN), paving the way for a previous Dutch settlement to proceed. In April, Shell agreed to pay $352.6 million, [...]
Posts on ‘November 19th, 2007’
Daily Mail: Corporate killers ‘must face mega-fines’: *Please take note Shell and Malcolm Brinded
November 16, 2007 By Steve Doughty Social Affairs Correspondent COMPANIES whose neglect results in deaths should face fines running to hundreds of millions of pounds, Government law advisers said yesterday. Firms found guilty in court should be hit with penalties of as much as ten per cent of their annual turnover, according to the Sentencing [...]
Reuters: UPDATE 1-Shell restarts Montreal refinery after maintenance
Mon Nov 19, 2007 8:23pm GMT CALGARY, Alberta, Nov 19 (Reuters) – Royal Dutch Shell Plc’s (RDSa.L: Quote, Profile, Research) refinery in Montreal will ramp up to its full 130,000 barrel a day output by midweek after a longer than expected maintenance turnaround, a spokeswoman for the company said on Monday. The refinery has been [...]
Oil & Gas Journal: Shell contemplating GHG science
Paula Dittrick Senior Staff Writer HOUSTON, Nov. 19 — Long-term storage logistics, support facilities for sequestration, public acceptance, and consistent regulations are just as critical as technology to making carbon capture and storage (CCS) a reality, said a scientist for Royal Dutch Shell PLC. Charlie Williams, Shell chief scientist of well engineering and production technology, [...]
U.S. Court Decision by U.S. District Judge Joel A. Pisano to allow Royal Dutch Shell European reserves fraud settlement to proceed: 13 November 2007
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY: RE ROYAL DUTCH/SHELL : Civ. No. 04-374 (JAP) TRANSPORT SECURITIES : (Consolidated Cases) LITIGATION : OPINION/ORDER: Joel A. Pisano: United States District Judge: Dated: November 13, 2007: 20 Pages http://www.shellnews.net/classactiondocs/453.pdf Related article: Dow Jones Newswires: US Court Ruling Paves For Shell Reserves Settlement To Proceed
CNN.Money: Maxygen to Receive $7 Million From BioFuel Collaboration Between Shell and Codexis
November 19, 2007: 09:00 AM EST REDWOOD CITY, Calif., Nov. 19 /PRNewswire-FirstCall/ — Maxygen, Inc. announced today that it expects to recognize approximately $7 million in revenue in the fourth quarter of 2007 under the terms of Maxygen’s license agreement with Codexis Inc. The payment reflects the expanded collaboration agreement between Royal Dutch Shell plc [...]
Dow Jones Newswires: US Court Ruling Paves For Shell Reserves Settlement To Proceed
19 Nov 2007 10:57 GMT LONDON -(Dow Jones)- A New Jersey court ruled last week that it had no jurisdiction over a European shareholders case concerning a 2004 reserves scandal at Royal Dutch Shell PLC (RDSB.LN), paving the way for a previous Dutch settlement to proceed. In April, Shell agreed to pay $352.6 million, excluding [...]
Bloomberg: Woodside Signs Deal to Sell LNG to Taiwan’s CPC Corp. (Update3)
By Angela Macdonald-Smith and Yu-huay Sun Nov. 19 (Bloomberg) — Woodside Petroleum Ltd., Australia’s second-largest oil and gas producer, signed an accord to sell as much as 3 million tons a year of liquefied natural gas to CPC Corp., a deal that may be worth up to A$45 billion ($40 billion). The LNG will be [...]
The Wall Street Journal: Oil Officials See Limit Looming on Production
The Wall Street Journal: Oil Officials See Limit Looming on Production By RUSSELL GOLD and ANN DAVIS November 19, 2007; Page A1 A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every [...]
The Jakarta Post: Petrol stations to provide natural gas
Mustaqim Adamrah, The Jakarta Post, Jakarta State oil and gas company Pertamina, along with foreign competitors Petronas and Shell Indonesia, will soon supply compressed natural gas (CNG) to the public. Jakarta Mineral and Mining Agency spokeswoman Peni Susanti said Friday it was part of their obligation to provide and operate CNG pumps at their existing [...]
Business Week: Brazil, the New Oil Superpower
November 19, 2007, 12:01AM EST State-run Petrobras’ “monstrous” new oil find has wide-ranging implications for the South American country, the oil majors, oil services providers, and beyond by Joshua Schneyer In a recent radio broadcast, Brazil’s President Luiz Inácio Lula da Silva said he’s convinced a “higher power” has taken a shining to Brazil. That, [...]
Hemscott: Shell, Chevron probed over payments in Nigeria – report
LONDON (Thomson Financial) – Anti-corruption investigators are probing payments by ChevronTexaco and Royal Dutch Shell to a company owned by a former Nigerian politician they suspect to be involved in money laundering activities, the Financial Times on Saturday reported, quoting Nuhu Ribadu, chief of Nigeria’s Economic and Financial Crimes Commission. The politician is being investigated [...]
Irish Independent: Gormley tells Shell to repair bog damage
Monday November 19 2007 Environment Minister John Gormley yesterday told Shell and its contractors that they must repair damage done to a special conservation area during unauthorised works for the Corrib Gas Pipeline. Mr Gormley issued a ministerial direction instructing Shell and RPS Consultant Engineers to repair any damage to the protected Glenamoy bog complex [...]
Financial Times: Industry digs in as turf war looms
EXTRACT: BHP has denied rumours that it was planning to put BHP Petroleum up for sale. But if circumstances change, BHP Petroleum would attract a wide range of bidders, including some of the world’s biggest oil companies such as ExxonMobil and Shell. PetroChina would also join in such an auction. THE ARTICLE By Lina Saigol Published: [...]
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