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The Times: Need to know: Friday February 15, 2008

Natural resources

Royal Dutch Shell has put on hold plans to restructure its vast oil operations in Nigeria amid concerns that the changes will lead to large job losses. Separately, the oil group called for government intervention in the energy sector on a global scale to achieve reductions in greenhouse gases.

ExxonMobil A US federal judge in Manhattan confirmed the freezing of $300 million (£152 million) held by Venezuela’s state oil company, finding it likely that ExxonMobil, the US oil group, will win a compensation claim against Venezuela over the nationalisation of an oil project.

http://business.timesonline.co.uk/tol/business/industry_sectors/article3372214.ece

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