Shell Settles Oil Reserve Case for $120 Million
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Royal Dutch/Shell has agreed to pay $120 million to settle fraud charges with the S.E.C. involving overstated oil reserves, the U.S. securities regulator said today.
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Anglo-Dutch energy company Royal Dutch-Shell will boost capital spending to $15 billion a year during 2004-06 to build proven reserves.
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The Netherlands, Europe&#39;s third-largest gas producer, agreed to pay 2.78 billion euros ($3.55 billion) to buy the natural gas pipeline stakes of Royal/Dutch Shell Group and Exxon Mobil Corp.
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By Christopher Hope, Business Correspondent (Filed: 23/09/2004). Shell pledged yesterday to spend more cash on finding oil and gas over the next three years as the world&#39;s third largest oil company admitted
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The oil refiner Tesoro Corp. will buy a Los Angeles-area refinery and 250 Southern California retail sites from a division of Royal Dutch Shell PLC, for $1.63 billion.
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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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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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Enron Corp. creditors will receive $149.2 million to settle lawsuits related to commercial paper that the energy trader bought back shortly before its December 2001 bankruptcy filing.
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NEW YORK - Vonage Holdings Corp., the beleaguered provider of Internet-based phone service, said yesterday it has settled a patent lawsuit brought by Verizon Communications Inc. for a maximum of $120 million.
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Royal Dutch/Shell plans to auction off its liquefied petroleum gas business, which is valued at more than one billion pounds.
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LONDON (AP-CP) - Royal Dutch/Shell Group said today 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 says it has signed an agreement with energy peers Eni and Calik Enerji on its possible participation in a major oil pipeline project in Turkey.
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Scandal-hit oil giant Royal Dutch/Shell  will invest $45 billion over three years to boost reserves and  production but its shares fell on disappointment it did not  extend a stock buyback program.
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A Nigerian court has ordered Anglo-Dutch oil giant Shell to pay 1.5 billion dollars in compensation to ethnic Ijaws of the restive Niger Delta, a company spokesman has said.
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Oil major BP will pay $373 million to settle U.S. charges stemming from a deadly Texas refinery explosion and an Alaska oil spill, as well as allegations it manipulated propane markets, the government said on Thursday.
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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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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.