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Posts on ‘March 12th, 2010’

Jury Awards $50 Million in Punitive Damages Against Shell Oil Subsidiary

In 2006, a Los Angeles Superior Court jury found Shell guilty of intentional fraud and concealment, awarding Mr. Atallah $1.65 million in compensatory damages. The jury also found that Shell had acted with “oppression, malice or fraud”, clearing the way for the jury to award punitive damages.

Shell: Years of sliding production

This is Money City Diary: Week ahead in the markets Press Association 12 March 2010, 4:43pm Attempts by Royal Dutch Shell to address its production difficulties will be in the spotlight next week… Royal Dutch Shell chief executive Peter Voser faces a tough challenge on Tuesday when he presents the oil major’s strategy update to [...]

Shell May Raise Arrow Energy Offer, RBS Morgans Says

By James Paton March 12 (Bloomberg) — Royal Dutch Shell Plc and PetroChina Co. may need to increase their offer by as much as 55 Australian cents a share to A$3.7 billion ($3.4 billion) to acquire Arrow Energy Ltd., said an analyst at RBS Morgans. “Shell and PetroChina may have to sweeten their offer for [...]

Shell’s Holliday

By Emiliya Mychasuk and Emiko Terazono Published: March 12 2010 02:00 A reshuffle on the Royal Dutch Shell board, which drew investor approbrium over pay last year, sees the hiring of former DuPont chief executive Chad Holliday Jr . The American is a co-author of Walking the Talk, putting a business case for corporate responsibility. [...]

Shell Sells Stake in Offshore Brazil Oil Block to Japan’s Inpex

By Peter Millard March 11 (Bloomberg) — Royal Dutch Shell Plc. confirmed that it sold part of its stake in an offshore Brazilian oil block to Japan’s Inpex Corp. Shell said in an e-mailed statement today that it sold 15 percent of the BM-ES-23 block. Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, operates the block [...]