Nigeria seeks $1.5bn compensation from Shell arm
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NIGERIAâS senate is reportedly to ask a Shell division to pay $1.5 billion (Â£835 million) compensation to oilfield communities for environmental damage.
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A partial flotation of Maroc Telecom should raise about $1bn (Â£0.52bn) for Morocco's public finances.
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DALLAS (CBS.MW) -- Royal Dutch/Shell Group will pay a $120 million penalty to settle a Securities and Exchange Commission investigation of its overstatement of nearly 4.5 billion barrels of proven reserves, the federal agency said Tuesday.
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Rebels tell companies to shut down ahead of a planned offensive; firm sees no reason to comply. LAGOS  - Nigeria&#39;s largest oil producer Royal Dutch Shell Group said it saw no reason to discontinue
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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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A fresh attack on oil facilities in Nigeria and possible strike action by workers there sends oil prices above $70 a barrel.
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Nigeria's umbrella union body said on Tuesday it would give the government until Sunday to reverse a 20 per cent hike in domestic fuel prices in the world's eighth largest oil producer or it would call a general strike.
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UK regulators criticized Royal Dutch/Shell Group, Europe&#39;s second-largest oil company, for ``unprecedented misconduct&#39;&#39; in the overstatement of reserves that led to fines of $151.
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Nigeria filed a new lawsuit Friday against US pharmaceutical giant Pfizer claiming some 6.5 billion dollars in damages for deaths allegedly stemming from drug trials.
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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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The Shell oil company has been handed a $1.5 billion bill for ecological compensation in the Niger delta by the government of Nigeria.
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The government pressed insurance industry chiefs Tuesday to urgently process up to 1.5 billion pounds worth of claims after serious flooding in central and northern England.
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China&#39;s biggest petroleum company plans to demand compensation from OAO Yukos for losses resulting from the Russian oil giant&#39;s suspension of crude shipments, state media reported Monday.
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Business & money: Oil giant agrees to withhold Â£1.5m owed to former chief executive while a court case is resolved.
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LAGOS, Nigeria - Oil giant Royal Dutch/Shell Group opened court action Monday to block a threatened strike targeting oil in the world&#39;s No.
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A multi-billion dollar lawsuit brought by the government against major tobacco firms is to open in Nigeria.
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The Financial Services Authority has hit oil giant Royal Dutch/Shell Group with a 17 million pound fine over its misstatement of its proven reserves.