Oil giant told to pay $2bn
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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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Company confirms double-digit price rises for gas and electricity
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American Express will receive a payment of about $2.1bn from Visa after it sued the credit card giant.
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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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US oil giant ConocoPhillips yesterday paid nearly $2 billion for a 7.6 percent stake in Russia&#39;s Lukoil -- the world&#39;s number two oil company by reserves -- in Russia&#39;s biggest privatization.
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Canada&#39;s government has set the price for the sale of its remaining 19 percent in oil company Petro-Canada, raising C$3.18 billion ($2.
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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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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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U.S. and Alaskan authorities  on Thursday demanded $92.2 million from Exxon Mobil for  environmental damages linked to the 1989 Exxon Valdez incident.
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ANCHORAGE, Alaska  - U.S. and Alaskan authorities   on Thursday demanded $92.2 million from Exxon Mobil for   environmental damages linked to the 1989 Exxon Valdez incident.
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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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LONDON, August 26 (New Ratings) - The beleaguered global oil giant, Shell (SHE1.ETR), has been reportedly asked by the Nigerian government to pay $1.
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The British oil exploration firm Cairn Energy may owe the Indian government more than $6.9m (Â£3.8m) in a dispute over an Indian oilfield, the company said yesterday.
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Xstrata yesterday threatened to withdraw its hostile Â£2.9 billion takeover offer for WMC if the Australian miner indicated it would dilute value by paying out up to A$1 billion in cash to shareholders.
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Osprey, an investment group including  Canadian, Australian and British firms, said on Monday it was  making a 2.2-billion-pound ($4.1 billion) offer for water firm  AWG .
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ANCHORAGE, Alaska  - A shipping company owned by ConocoPhillips' pleaded guilty to concealing a 2004 oil spill in the ocean off Alaska and was ordered to pay $2.5 million for the offense, officials said.
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The firm which controls embattled Russian oil giant Yukos says it will sue the government for $28.3bn.