Eni, Shell to stand trial in Milan over alleged $1bn bribery case in Nigeria
Businessam Staff
December 20, 2017
Italian giant Eni SpA, Royal Dutch Shell Plc, and senior executives will face trial over a $1.1 billion bribery scandal in the 2011
World’s biggest wealth fund divesting out of petroleum, gas stocks to hedge against oil-price risk
Businessam StaffNovember 17, 2017
Norway’s $1 trillion wealth fund amassed through pumping oil and gas over the past two decades wants out of petroleum stocks.
OPEC oil output rises in September as Libya, Nigeria recover
Businessam StaffOctober 2, 2017
OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production. Output from the Organization
Biggest U.S. fuel pipeline fills up as east coast tanks drain
Businessam StaffAugust 9, 2017
Colonial Pipeline is back to business as usual — with more demand to move fuels to the East Coast from Houston than it has space
Higher cash flow helps Shell pay down debts, boost profit to $3.6bn in Q2
Businessam StaffJuly 27, 2017
Higher cash flows amounting to $11.3 billion in the second quarter enabled Royal Dutch Shell Plc to pay down debts and boost its
Shell to sell $4.1-billion stake in Canadian Natural
Businessam StaffMay 24, 2017
Royal Dutch Shell Plc has decided to offload a roughly $4.1-billion stake in Canadian Natural Resources Ltd (CNRL) that it acquired as