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Royal Dutch Shell PLC

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  • Arctic offshore drill company enters guilty pleas Friday, 19 Dec 2014 | 2:43 PM ET

    ANCHORAGE, Alaska— The company hired by Royal Dutch Shell PLC in 2012 to drill on petroleum leases in the Arctic Ocean pleaded guilty Friday to eight felony environmental and maritime crimes. Noble Drilling U.S. LLC, based in Sugarland, Texas, agreed to pay $12.2 million after pleading guilty to five counts of failing to maintain records on a drill ship that...

  • LONDON, Dec 19- Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shopping spree for smaller rivals, focusing on oil producers and explorers in Africa, Asia and the United States. Those include British oil and gas company BG Group, which produces oil and gas in regions including Brazil, East Africa and Australia.

  • Motiva backs off hydrocracker expansion at Texas refinery Wednesday, 17 Dec 2014 | 3:19 PM ET

    HOUSTON, Dec 17- Motiva Enterprises has withdrawn its permit request to expand a hydrocracker and diesel hydrotreater unit at its Texas refinery, the largest in the United States. In a brief letter received by the U.S. Environmental Protection Agency earlier this month, Motiva asked, without explanation, to withdraw its August permit application for the...

  • EU lawmakers fail to approve tar sands oil veto Wednesday, 17 Dec 2014 | 12:56 PM ET

    BRUSSELS, Dec 17- An attempt by some European politicians to veto the import of tar sands oil failed on Wednesday after a European Parliament vote, giving a boost to Canada but dismaying green campaigners. After years of lobbying from Canada, the European Commission published a new plan in October on reporting the greenhouse gas intensity of transport fuels.

  • WASHINGTON, Dec 15- A U.S. federal appeals court on Monday threw out a human rights lawsuit brought against Occidental Petroleum Corp over allegations that it played a role in killings carried out by the Colombian military in 2004.. A three-judge panel of the San Francisco- based 9th U.S. Circuit Court of Appeals upheld a district court judge's decision to...

  • WASHINGTON, Dec 15- A U.S. federal appeals court on Monday threw out a human rights lawsuit brought against Occidental Petroleum Corp over allegations that it played a role in killings carried out by the Colombian military in 2004.. A three-judge panel of the San Francisco- based 9th U.S. Circuit Court of Appeals upheld a district court judge's decision to...

  • European shares halt sell-off; CGG sinks 33 pct Monday, 15 Dec 2014 | 7:59 AM ET

    *CGG tumbles as Technip walks away. Shares in seismic oil and gas services group CGG sank 33 percent as rival Technip abandoned a takeover bid after talks with CGG collapsed. "Following last week's slide, the best we can hope for is a' Santa Claus retracement' instead of the traditional rally," FXCM analyst Vincent Ganne said.

  • European shares set for biggest weekly loss in 3 years Friday, 12 Dec 2014 | 11:11 AM ET

    The broad STOXX Europe 600 has lost 5.2 percent during the week, representing a wipeout in market capitalisation of roughly $468 billion, nearly twice the size of Greece's GDP. Saipem dropped 5 percent on Friday, hitting a 10- year low, while Royal Dutch Shell was down 2.4 percent, Repsol down 4.8 percent and CGG down 4.6 percent. Crude has dropped more than 45...

  • PARIS, Dec 12- European stocks tumbled again on Friday, leaving them on course for their biggest weekly loss since May 2012 as shares in oil and oil services firms sank further along with crude oil prices. Saipem dropped 4.2 percent on Friday, hitting a 10- year low, while Royal Dutch Shell was down 2.4 percent, Repsol down 2 percent and CGG down 6.2 percent.

  • WASHINGTON, Dec 12- A landmark U.S. Supreme Court decision in 2013 that made it all but impossible to sue foreign companies in U.S. courts for alleged roles in overseas human rights abuses is proving to be a boon for U.S. firms too, court documents show. Royal Dutch Petroleum Co, U.S. companies such as Chiquita Brands International Inc, IBM Corp and Ford Motor Co have...

  • European shares extend sell-off, Airbus plunges Wednesday, 10 Dec 2014 | 12:51 PM ET

    PARIS, Dec 10- European stocks fell for a third session in a row on Wednesday as a further plunge in crude prices knocked down the shares of oil majors and oil services groups such as Royal Dutch Shell and Fugro. Shares in Shell dropped 2.4 percent and Fugro tumbled 11 percent as Brent crude oil fell below $65 a barrel on mounting signs of oversupply and lacklustre...

  • Europe closes lower, oil falls to $64 after OPEC report Wednesday, 10 Dec 2014 | 11:30 AM ET

    European shares closed lower on Wednesday, continuing its declining trend as Greek political fears and slumping oil prices weigh.

  • PARIS/ LONDON, Dec 10- European stocks fell for a third session in a row on Wednesday, as a further drop in crude prices knocked down the shares of oil majors and oil services groups such as Royal Dutch Shell and Fugro. Shares in Shell dropped 1.7 percent and Fugro tumbled 12 percent as Brent crude oil slipped below $65 a barrel, hitting a five-year low on rising...

  • PARIS, Dec 10- European stocks rose in a technical bounce on Wednesday after sliding 3 percent slide over two days, although energy stocks dropped again as Brent crude fell toward $65 a barrel. If Samaras fails to secure victory for his presidential candidate, snap national elections could be called which the leftist Syriza party-- a fierce opponent of Greece's...

  • LIMA, Dec 8- Saudi Arabia's top climate negotiator said on Monday that growing pressure to phase out fossil fuels does not help the UN climate negotiations and that a new climate deal should help oil producers diversify their economies. As UN climate change negotiations enter their second week in Lima, chief Saudi Arabian negotiator Khalid AbuLeif said a deal...

  • HOUSTON, Dec 8- Drilling contractor Noble Corporation PLC on Monday said it paid $12.2 million to settle felony charges by the U.S. Department of Justice related to safety, environmental and record keeping violations on vessels in Arctic waters off Alaska in 2012.. Noble acknowledges that it failed to report any of these hazardous conditions to the U.S. Coast...

  • Arctic drill ship company pleading to 8 felonies Monday, 8 Dec 2014 | 5:05 PM ET

    JUNEAU, Alaska— A company that operated a drill ship off Alaska's Arctic coast has agreed to plead guilty to environmental and maritime crimes as part of a deal with prosecutors. The agreement calls for Noble Drilling U.S. LLC to plead guilty to eight felony counts and pay an $8.2 million fine, plus $4 million in community service payments. One of the factors that...

  • *Italy's credit downgrade weighs on sentiment. LONDON, Dec 8- European shares fell early on Monday, trimming some of the previous session's sharp gains after Italy's sovereign debt rating was cut late on Friday and following soft economic data from China and Japan. "The Italian downgrade is a reminder that the European sovereign debt crisis has not vanished...

  • *Italy's credit downgrade weighs on sentiment. PARIS, Dec 8- European shares fell early on Monday, trimming some of the previous session's sharp gains after soft macro data from China and Japan. "Italy's downgrade is a good reminder that Europe is far from being out of the woods.

  • More than $150B oil projects face the ax in 2015 Friday, 5 Dec 2014 | 8:15 AM ET

    Oil and gas exploration projects worth more than $150 billion are likely to be put on hold next year as plunging oil prices render them uneconomic.