April 23, 2009, 4:48 PM The New York Times By JAD MOUAWAD The giant oil company Royal Dutch Shell said Thursday that it had reached a $5.8 million settlement over claims of air pollution at its Deer Park refinery near Houston. The proposed settlement would require Shell to reduce emissions from air pollutants from its plant by 80 percent within three [...]
Posts on ‘April 23rd, 2009’
Shell Oil Co. has agreed to pay millions of dollars to resolve a lawsuit by two environmental groups over pollution at its Deer Park refinery.
Under the proposed settlement, Shell promises to cut pollution from malfunctions at the 329,800-barrel per day (bpd) Deer Park, Texas, refinery, upgrade the refinery’s coking unit and the Deer Park chemical plant flare system, increase pollution monitoring and pay a $5.8-million civil penalty, according to a statement issued by the groups. “We are pleased that we have reached an agreement with the citizen groups to resolve the matter, avoid continued litigation and provide benefits in the public interest,” Shell said in a statement.
The Shell to Sea protest group said an activist was beaten by masked men after he stayed under a truck for hours in a bid to halt work at the Shell site in County Mayo, western Ireland.
ARMED GANG ATTACKS SHELL OIL PIPELINE IN IRELAND Dowjones Business News Thursday April 23rd, 2009 / 15h30 DUBLIN (AFP)–A gang of about 15 masked men armed with iron bars and chains vandalized a Royal Dutch Shell PLC (RDSA) oil pipeline compound in the west of Ireland, police said Thursday. Plans by Shell to land gas [...]
BP and Shell’s (RDSa.L) core upstream oil and gas production units will lead the profit collapse, mainly due to lower oil prices, but Shell is also forecast to suffer from a 3.8 percent fall in production to 3.39 million barrels of oil equivalent per day (boepd).
TNK-BP, the Russian oil venture half owned by BP, is launching a bid for a significant minority stake in Sibir Energy, the Aim-listed energy group dogged by corporate governance issues.
The Gorgon venture, which includes Exxon Mobil Corp. and Royal Dutch Shell Plc, reapplied last year for environmental consent after increasing planned capacity of the onshore plant by 50 percent.
Shells announcement in February that its considering putting its New Zealand refining and marketing business up for sale is a sign that some global oil majors may be considering a different form of operation, said Managing Director Des King.
Now the company appears to be a takeover target. Earlier this month it denied reports it had received a bid approach from TNK-BP, which was said to be planning a £2.3bn offer. But it now seems there was something concrete behind the tale after all
In a partnership with Royal Dutch Shell, Codexis aims to be first to market with a next-generation biofuel.