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Posts under ‘Litigation’

Talk of Shell BP tie-up to create £200bn world leader

After a solid 10 hours locked in secret briefings at the Langham Hotel in London this week, 100 of BP’s top investors emerged into the crisp winter evening air to the grim news that oil prices had sunk to a new five-year low. From an article in The Sunday Telegraph 14 December 2014 by Andrew […]

Evil repercussions of Kiobel v. Royal Dutch Petroleum U.S. Supreme Court Decision

Plaintiff Esther Kiobel (L) joins a protest against Royal Dutch Shell Petroleum in front of the U.S. Supreme Court in Washington October 1, 2012. REUTERS/Gary Cameron By John Donovan Yesterday, Reuters published an article about the legal repercussions in the USA from the landmark decision in 2013 by the U.S. Supreme Court in the famed Kiobel v. […]

Leaked BP CEO Internal Memo

It’s completed about $43 billion of asset sales since the 2010 oil spill in the Gulf of Mexico. The offshore disaster has cost London-based BP more than $28 billion in clean-up costs and damages, and the company is still fighting legal battles on multiple fronts. BLOOMBERG NEWS ARTICLE BP Chief Says Company Must Slim Down […]

WILL BP BE ABLE TO SURVIVE?

By: MICHEAL KAUFMAN Published: Dec 11, 2014 at 4:50 pm EST The operating cashflow for BP plc (ADR) (NYSE:BP) is expected to grow 5.3% between 2014 and 2017. BP is slightly above Royal Dutch Shell plc’s (ADR) (NYSE:RDS.A) growth rate of 4.1%.There have been several factors that have contributed to low expected growth for the […]

Why The US Supreme Court Rejected BP Appeal

By: MICHEAL KAUFMAN Published: Dec 9, 2014 at 4:11 pm EST BP plc (ADR) (NYSE:BP) was involved in America’s largest oil spill in the Gulf of Mexico in 2010, resulting in the death of 11 rig workers along with long-lasting damage to the wildlife and its habitat, and local businesses; a total of 4.9 million […]

Greenpeace Verdict On Shell/Noble Arctic Crimes

Greenpeace Arctic campaigner, Ian Duff, has issued the following statement: “Shell has proven time and again it can’t be trusted to manage its contractors safely. That Shell engaged Noble Drilling, a company now guilty of eight felonies, is the clearest indicator yet. Letting Shell back into such a precious and risky environment as the Arctic […]

U.S. Justice Department Chilling Verdict on Shell Arctic Drilling Company

Department of Justice Office of Public Affairs Monday, December 8, 2014 Drilling Company Charged with Environmental and Maritime Crimes in Alaska Noble Drilling (U.S.) LLC was charged with environmental and maritime crimes for operating the drill ship Noble Discoverer and the drilling unit Kulluk in violation of federal law in Alaska in 2012, the Department […]

BP loses latest US oil spill appeal

The Supreme Court’s rejection of this appeal by BP is the latest in a series of setbacks for the oil firm. BP is trying to limit payments over the environmental disaster, which claimed the lives of 11 people and became the largest US offshore oil spill in history. The settlement agreement has no cap… BBC […]

Shell contractor faces $12.2M in environmental crime fines

The drilling operator of Shell’s ill-fated drill rig that ran aground south of Kodiak Island will plead guilty to eight felony offenses and has agreed to pay $12.2 million in fines and community service payments stemming from environmental and safety violations aboard its vessels, the U.S. Department of Justice said Monday. Alaska Dispatch News article […]

False Advertising Class Action Against Shell Oil

The United States District Court for the District of Oregon recently denied a motion to dismiss a putative nationwide class action brought against Shell Oil for alleged breach of contract, false advertising and an array of state consumer protection allegations. Article by David O. Klein of Klein Moynihan Turco LLP  published by mondaq: 8 December 2014 False […]

Shell, Eni, and the $533 million paid out in Nigerian bribes

In October 2014 the media reported that Italian prosecutors were alleging that half of the $1.1 billion paid for an oil producing lease (OPL) by Eni and Royal Dutch Shell had gone on bribes to Nigerian politicians, intermediaries and others. Extracts from an article by Babajide Oladipo Ogundipe: 8 December 2014 In October 2014 the […]