Shell 'faces $1.5bn Nigeria bill'
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The Senate in Nigeria reportedly passes a motion requiring Shell's operation in the country to pay $1.5bn in compensation to oilfield communities.
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LONDON Royal Dutch/Shell Group agreed Tuesday to settlements with US and British regulators that will cost the oil company $150.7 million.
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Oil giant Shell could be bracing itself for a takeover attempt, possibly from French rival Total, a  press report claims.
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Description: Royal Dutch/Shell agrees to pay more than $150 million to settle fraud charges in the United States and Britain. The company was accused of overstating its proven oil and gas reserves by more than 20 percent.
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SHELL&#39;S new chief executive Jeroen van der Veer is to be handed a beefed-up pay package as part of the planned merger of the firm&#39;s Dutch and British arms.
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Kofi Annan willl seek $1.5bn to deal with what the UN calls the world's forgotten emergencies, many in Africa.
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Sydney - Global resources giant BHP Billiton on Tuesday announced a share buy-back of A$1 billion to A$1.5 billion (R4.65 billion to R6.
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Taxpayers could be faced with a Â£1bn bill following the collapse of Metronet, a PPP arbiter says.
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OIL group Shell has pledged to invest $45bn (Â£25bn) and make major disposals in a shake-up of the business, following its reserves crisis earlier this year.
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Oil should continue to flow from Nigeria despite a rebel threat to attack foreign oil workers, which has sent world oil prices to record levels above $50 a barrel, multinational energy companies said.
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SHELL has been hit by an Â£840 million compensation claim from the Nigerian government only 24 hours after being fined in Britain and the United States.
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Another round of petrol price rises could be looming after crude oil prices hit the $US50 a barrel mark over the weekend. Oil prices are at their highest in more than 20 years due to supply concerns in Nigeria
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A four-day national strike has begun in Nigeria in protest at a 25% increase in the cost of oil. Oil executives in Nigeria said they were confident there would be no immediate disruption to exports.
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Royal Dutch/Shell Group announced Wednesday that it would spend US$1.8 billion on exploration and production in the North Sea, including building a pipeline to transfer gas from Norway to Britain.
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Soaring fuel prices have prompted Nigeria&#39;s main union to plan a Nov. 16 strike against the Royal Dutch-Shell group, the BBC reported Monday.
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Business & money: Â·  Petrol heads to Â£1 a litre for the holiday season Â·  Crude hits near-record level amid hurricane fears
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The Anglo-Dutch oil giant, Shell, withdraws hundreds of workers from oil facilities in Nigeria's troubled Niger Delta.