Shell

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Shell Settles Nigeria Case for $15.5M

Saro-Wiwa settlement is milestone for international law

(Newser) - Royal Dutch Shell agreed to settle a lawsuit over the 1995 deaths of Ken Saro-Wiwa and other Nigerians for $15.5 million, reports the Financial Times. Saro-Wiwa and eight other activists against petroleum exploitation were executed by the Nigerian military government, allegedly at the behest of the oil giant. In...

Shell Accused of Crimes Against Humanity

Family of Saro-Wiwa sues oil company in American court

(Newser) - Next week Royal Dutch Shell will finally appear in court to answer charges that it was complicit in the death of Ken Saro-Wiwa, the author and oil company critic executed by Nigeria's former military regime in 1995. Saro-Wiwa's family accuses the oil company of "a systemic campaign of human...

Iraq Dumps Western Oil Deals

Plans scrubbed as talks drag on too long

(Newser) - Iraq has scrubbed plans to award six coveted no-bid contracts to Western oil companies, the New York Times reports. Negotiations with the oil giants—including Exxon Mobil, Chevron, Shell, BP and others—dragged on for too long, said Iraq's foreign minister. The companies would have been unable to complete work...

Oil Giants to Return to Iraq
 Oil Giants to Return to Iraq
Jun 19, 2008 4:20 AM CDT

Oil Giants to Return to Iraq

Companies booted by Saddam win contracts to service Iraqi oil fields

(Newser) - Four big oil companies chucked out of Iraq by Saddam Hussein 36 years ago are ready to return, the New York Times reports. BP, Exxon Mobil, Shell and Total are about to announced winning coveted no-bid contracts to service Iraqi oil fields. The contracts are short-term, but the firms hope...

Shell Strike Threatens UK Motorists
Shell Strike Threatens UK Motorists
Jun 13, 2008 6:40 AM CDT

Shell Strike Threatens UK Motorists

Government's urging not to panic-buy gas falls on deaf ears

(Newser) - Truck drivers for Shell have begun a four-day strike in Britain that threatens to hike already sky-high gas prices. Although the government has warned motorists not to panic-buy, gas stations were reporting a 30% spike in sales in the hours before the action; union leaders, meanwhile, have threatened that gasoline...

Guess What Oil Execs Make
 Guess What Oil Execs Make  
May 21, 2008 8:19 PM CDT

Guess What Oil Execs Make

Industry bigwigs are grilled by the Senate

(Newser) - Big Oil executives today were grilled by the Senate on soaring prices, and Sen. Patrick Leahy asked for their salaries, the AP reports. Here's what they said:
  • J. Stephen Simon, Exxon: $12.5 millon.
  • John Lowe, ConocoPhillips: Did not recall
  • Peter Robertson, Chevron: Did not recall.
  • John Hofmeister, Shell, $2.
...

Clock's Ticking on World Oil Supply: Shell CEO

Energy demand will top supply by 2015

(Newser) - World oil demand will outpace supply in 7 years, Shell's CEO warned in an email sent to employees in advance of the World Economic Forum in Davos, Switzerland. Jeroen van der Veer sees nuclear power, oil sands, and other unconventional energy sources replacing oil and gas out of necessity, whether...

Big Oil Shut Out Of Iraq Deals
Big Oil Shut Out
Of Iraq Deals
Apr 6, 2007 8:24 AM CDT

Big Oil Shut Out Of Iraq Deals

First new oil contracts go to China, India—even Vietnam and Indonesia

(Newser) - U.S. oil companies are far from first in line as Iraq doles out its initial oil contracts.   China, India—even Vietnam and Indonesia—have the inside track instead, thanks to contracts and infrastructure dating back to the Saddam regime, and more positive Iraqi sentiment. "They have...

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