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Oil companies reach $345 million settlement with Quebec train crash victims

Thu, 11th Jun 2015 07:13

A group of oil companies has come to an agreement with victims of the 2013 oil train derailment in Quebec, Canada.The train had been carrying 7.7 million litres of crude oil when it crashed, resulting in a massive spill and an explosion that killed 47 people.Royal Dutch Shell, Marathon Oil Corp, Conoco Phillips and Irving Oil were all named by The Wall Street Journal as contributing. It is not clear how much each company will contribute.It has been reported the settlement was reached in bankruptcy court to avoid costly and lengthy court processes.If the agreement is approved by the court it will shield the companies from further possible lawsuits.
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2 Nov 2021 08:27

BP not facing investor calls to break up business, CEO says

LONDON, Nov 2 (Reuters) - BP's investors are not calling for the energy company to be split up into separate low-carbon and oil and gas divisions, Chief Executive Bernard Looney said on Tuesday."Our investors do not call for a breakup of BP, that'...

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2 Nov 2021 07:36

UPDATE 4-'Cash machine' BP boosts share buyback as profit surges

* Underlying profits reach $3.3 bln, beating forecasts* Strong trading performance boosts results* BP to acquire further $1.25 bln of shares by early 2022* Shares down 2% as company reports $2.5 bln loss to shareholders (Adds details, updates share...

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2 Nov 2021 07:36

UPDATE 3-'Cash machine' BP boosts share buyback as profit surges

* Underlying profits reach $3.3 bln, beating forecasts* Strong trading performance boosts results* BP to acquire further $1.25 bln of shares by early 2022* Shares down 2% as company reports $2.5 bln loss to shareholders (Updates throughout, adds sh...

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1 Nov 2021 16:25

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

EXECUTIVE CHANGES: TP Group CEO out as Science Group tightens grip

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1 Nov 2021 09:38

LONDON BROKER RATINGS: Upgrades for Lloyds Banking and NatWest

LONDON BROKER RATINGS: Upgrades for Lloyds Banking and NatWest

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29 Oct 2021 17:05

LONDON MARKET CLOSE: NatWest weighs on FTSE 100 at end of strong month

LONDON MARKET CLOSE: NatWest weighs on FTSE 100 at end of strong month

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29 Oct 2021 14:49

Big oil says up to governments at climate talks to rein in demand

LONDON, Oct 29 (Reuters) - Leaders of Europe's biggest oil and gas companies said political leaders attending U.N. climate talks that start this week must make carbon markets more effective and that only governments can effectively curb fossil fu...

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28 Oct 2021 21:00

Shell to begin Norco, Louisiana, crude, gasoline, diesel unit restarts this weekend -sources

HOUSTON, Oct 28 (Reuters) - Royal Dutch Shell Plc’s storm-idled 230,611 barrel-per-day (bpd) Norco, Louisiana, plans to begin restarting the crude distillation unit (CDU), gasoline- and diesel-producing units as early as this weekend, sources fam...

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28 Oct 2021 17:05

LONDON MARKET CLOSE: Weak Shell results hit FTSE; Apple earnings ahead

LONDON MARKET CLOSE: Weak Shell results hit FTSE; Apple earnings ahead

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28 Oct 2021 16:58

Abdrn investment manager says would 'probably' be against Shell break-up

LONDON, Oct 28 (Reuters) - Abdrn investment manager Iain Pyle said on Thursday he would 'probably' be against a call by hedge fund Third Point to break up Royal Dutch Shell.Pyle, whose company is a top-10 investor in Shell according to Refinitiv d...

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28 Oct 2021 15:59

UPDATE 4-U.S. House Democrats grill Big Oil in climate deception probe

(Recasts with testimony by oil executives)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - Executives from some of the world's biggest oil companies denied in U.S. congressional testimony on Thursday that they continue to misi...

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28 Oct 2021 15:59

UPDATE 1-U.S. Congress puts Big Oil in the hot seat in climate deception probe

(New throughout, updates with opening of hearing, Representative Maloney comments)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday opened a year's worth of investigations into whether Big Oil dec...

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28 Oct 2021 15:59

UPDATE 5-U.S. House Democrats grill Big Oil in climate deception probe

(Adds quote from Representative Alexandria Ocasio-Cortez)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - Executives from some of the world's biggest oil companies denied in U.S. congressional testimony on Thursday that they c...

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28 Oct 2021 15:59

UPDATE 3-U.S. Congress Democrats grill Big Oil in climate deception probe

(Adds analysis by committee on scant oil company lobbying for Paris Agreement, details from Republican witness)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday opened a year's worth of investigati...

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28 Oct 2021 15:59

UPDATE 2-U.S. Congress puts Big Oil in the hot seat in climate deception probe

(Adds comment from Republican Representative Comer)By Valerie Volcovici and Timothy GardnerWASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday opened a year's worth of investigations into whether Big Oil deceived Americans about its role i...

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