Associated Press 06.17.10, 08:42 AM EDT LAGOS, Nigeria — Royal Dutch Shell PLC is warning Nigerian authorities that $40 billion of planned investments in the country could be jeopardized if lawmakers pass a new law overhauling the petroleum industry. A Shell spokesman said Thursday that investments in offshore well sites are on hold as lawmakers [...]
Posts on ‘June 17th, 2010’
THE NEW YORK TIMES As many as 546 million gallons of oil spilled into the Niger Delta over the last five decades, or nearly 11 million gallons a year, experts said. A version of this article appeared in print on June 17, 2010, on page A1 of the New York edition. By ADAM NOSSITER BODO, [...]
Thu Jun 17, 2010 7:27am GMT By Nick Tattersall LAGOS (Reuters) – Royal Dutch Shell has some $40 billion worth of potential investment in deepwater oil projects in Nigeria on hold amid uncertainty over planned reforms to the energy sector, a senior executive told Reuters. Mutiu Sunmonu, country chairman for Shell Nigeria, said it was [...]
As BP watches its bill rise quickly for the oil spill, including $20 billion it is setting aside for claims, it could find the tally growing much faster in coming months if the United States Department of Justice files criminal charges against the company.