Royal Dutch/Shell Fined $150 Million
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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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Anglo-Dutch oil group Royal Dutch Shell has posted record annual net profit of 25.44 billion dollars (19.54 billion euros) but saw output falter due partly to production problems in Nigeria.
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Oil giant Royal Dutch Shell reports record annual profits for a UK company, making Â£13.9bn.
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Shell, the beleaguered oil giant, has been asked by Nigeria&#39;s Senate to pay $1.5bn (Â£830m) compensation to communities affected by oil pollution in the country.
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THE Nigerian Government has ordered Anglo-Dutch oil giant Shell to pay $2.13 billion in compensation for damage caused by nearly 60 years of exploration in the Niger Delta, a Senate paper said yesterday.
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BP Plc and subsidiaries have agreed to pay $373 million in fines and restitution for environmental violations and fraud charges, the U.S. Justice Department said on Thursday.
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The European Union has imposed a 222.3-million-euro (151 million pound) fine on Europe&#39;s main makers of copper plumbing pipes for fixing prices and dividing up the market.
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But stock of major oil company falls on disappointment it did not extend stock buyback program. LONDON  - Scandal-hit oil company Royal Dutch/Shell said Wednesday it will invest $15 billion a year
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LONDON (CP) - Royal Dutch/Shell Group said Wednesday it will spend $45 billion US and sell up to $12 billion worth of assets to reinvigorate its underperforming oil and natural gas business.
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Royal Dutch/Shell Group, the third- largest publicly traded oil company, plans to increase spending to $15 billion a year and drill more to replenish oil and gas reserves that had been overstated for years.
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The oil company agreed to pay $373 million in fines and restitution to end investigations into whether it manipulated energy markets and violated environmental laws, the Justice Department said.
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Energy giant Shell is to sell its stake in the pipeline unit of Dutch gas firm Gasunie to the Dutch government. Both Shell and ExxonMobil are selling their stakes, with the Dutch government paying 2.78bn euros ($3.
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Regulators Monday fined a unit of Citigroup Inc., the nation&#39;s largest financial institution, $250,000 for using what they said was &quot;inappropriate&quot; sales material for hedge funds.
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WASHINGTON, Feb. 6  â The insurance company RenaissanceRe Holdings agreed on Tuesday to pay a $15 million fine to settle civil charges of securities fraud over what federal regulators said was a sham transaction created to burnish the companyâs earnings by smoothing their volatility.
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The owners, operator and captain of a cruise ship that hit the rocks off the island Santorini and sank were fined a total of $1.57 million Monday for polluting the Aegean Sea.
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Memory maker will pay $160 million in fines, DOJ says.
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The World Trade Organization was expected to approve the imposition of $150 million in trade sanctions against the United States by the European Union, Japan, Canada and