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SHELL JOINS CLEAN-UP EFFORT FOR BP SPILL

Financial Times

Multinational petroleum company Royal Dutch Shell (RDSa.L) has dispatched six boats to assist in cleaning up the oil spill caused by last week’s fatal accident aboard the Deepwater Horizon oil rig. The rig had been drilling a well for BP (BP.L) in the Gulf of Mexico — an area Shell deems “very important”, with three new exploration wells identifying reserves that could amount to 350 million barrels. News of Shell’s assistance came as the group reported a 60 percent rise in underlying post-tax profits, with earnings per share up 48 percent at 80 cents.

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