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Shell presses ahead with world’s deepest offshore oil well

Royal Dutch Shell is pressing ahead with the world’s deepest offshore oil and gas production facility by drilling almost two miles underwater in the politically sensitive Gulf of Mexico. The move is being viewed in the oil industry as a demonstration of Shell’s confidence that its technology can deliver returns…

U.S. Supreme Court tackles Nigeria-Shell rights case

WASHINGTON — The US Supreme Court heard arguments Tuesday in a lawsuit accusing Royal Dutch Shell of human rights abuses, a case that could make corporations liable for acts of torture or genocide overseas. The plaintiffs — relatives of seven Nigerians killed by the country’s former military regime — sued…

Shell shuts most of Singapore refinery as fire rages

SINGAPORE (Reuters) – Royal Dutch Shell Plc has shut most of its half-a-million barrels-per-day Singapore refinery, sources said, as firefighters struggle to contain a blaze that has been burning for more than a day. The plant is the largest Shell owns and makes up more than a third of Singapore’s…

BP speeds $20 billion asset sale to boost Gulf relief funds

British energy giant BP is speeding up the sale of up to 20 billion dollars (15.5 billion euros) of assets in a bid to boost funds after the Gulf oil spill, the Financial Times reported Friday. The company is finalising details of the sales, including the disposal of American assets…

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