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Shell Makes Offer For East Africa-Focused Energy Firm

Posted February 22nd, 2012 at 8:10 am (UTC-5)
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Oil giant Royal Dutch Shell has offered to buy Cove Energy, a firm with significant interests along the east coast of Africa. Shell said in a statement Wednesday that it has offered more than $1.5 billion to purchase Cove, while Cove said its board would recommend the offer to shareholders. Cove holds minority shares in […]

Tags: , , Posted in Africa, Economy

US Supreme Court to Hear Shell Nigeria Human Rights Case

Posted October 17th, 2011 at 1:50 pm (UTC-5)
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The U.S. Supreme Court has decided to hear a dispute between Nigerian villagers and Royal Dutch Shell, in a test to decide whether international companies can be held liable in U.S. courts for human rights violations committed overseas. The high court justices agreed Monday to hear a federal appeal by a group of Nigerians who […]

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Shell Fighting Oil Leak in North Sea

Posted August 12th, 2011 at 7:55 pm (UTC-5)
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Royal Dutch Shell says it is working to contain an oil leak at its Gannet Alpha drilling Platform in the North Sea off the coast of Scotland. The company Friday said the leak was coming from a pipe, but did not say how much oil may have escaped. A spokesperson was quoted as saying further […]

Tags: , , , Posted in Europe

Shell Admits Responsibility for Two Devastating Oil Spills in Nigeria in 2008

Posted August 3rd, 2011 at 6:10 pm (UTC-5)
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Shell Oil has accepted responsibility for two devastating spills in Nigeria in 2008, which destroyed the livelihoods of nearly 70,000 people. Lawyers representing the Bodo community of Nigeria’s Ogoniland region sued Shell in a British court. They say oil company could pay out hundreds of millions of dollars in damages. The attorneys say the Bodo […]

Tags: , Posted in Africa

Shell Fined for 2008 Explosion in England

Posted June 20th, 2011 at 2:00 pm (UTC-5)
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A British court has fined the Shell oil company more than $2 million for a 2008 explosion and fire at a gas terminal in England. The court ruled the company ignored warnings by workers at the plant in Bacton, on the Norfolk coast 200 kilometers northeast of London. No one was killed in the incident, […]

Tags: , , Posted in Europe

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