compensation | Egypt Oil & Gas

Shell Compensates Petrobras with $1.12B in Atapu Payments

Petrobras (PETR4.SA) announced on Wednesday that it has received 5.26 billion reais ($1.12 billion) in compensation from Shell (SHEL.L) for the latter's 25% ownership in the Atapu oil block.

BP Withdraws Appeal on Gulf of Mexico Oil Spill Payments

BP has withdrawn its legal appeal against a range of payments made to compensate individuals and businesses affected by the 2010 Gulf of Mexico oil spill.

Amnesty Slams Shell and Nigerian Authorities over Niger Delta Clean-up

Amnesty International has accused Royal Dutch Shell of making false claims concerning its spills clean-up in Nigeria, even citing a contractor who says the clean-up itself was a cover-up.

Moves to Compensate Kuwait over Saudi Oilfield Closure

Kuwait has said the continued closure of the Khafji oilfield it shares with Saudi Arabia will create huge losses Riyadh must compensate for in future,

US Courts Still in Deadlock Over BP Spill-Size Decision

The U.S. is fighting a judge’s decision that shaved more than $4 billion off the maximum pollution penalties BP Plc must pay for its 2010 Gulf of Mexico disaster, the biggest offshore oil discharge in U.S. history.

Bahrain Homeowners Seeks Damages After Pipeline Blaze

Villa owners at a luxury housing development in Bahrain are demanding compensation after their properties and cars were coated with dark stains following a gas pipeline blaze last week.

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