Shell's legal battle against Venture Global is centered on communication with the engineer, a court transcript shows
Shell's appeal against its arbitration loss to liquefied gas producer Venture Global centers on possible communications between the U.S. company and independent engineer Lummus Consultants. A draft court transcript, seen by shows, details these potential communications. The transcript of a New York Supreme?Court?hearing on January…
India's largest tax disputes involve foreign companies
In India, foreign companies have complained of tax uncertainty and long-running litigation over alleged duty evasion or levies payable in large M&A transactions. These are the most high-profile tax cases that have been reported in India. India's highest court will convene on January 15, 2019. Tiger Global is "subject to tax" on its…
Sources say that the Brazilian police have issued warrants to businessmen involved in an investigation into Banco Master.
Two sources familiar with this matter said that the Brazilian federal police issued search and seizure warrants on Wednesday against businessmen Nelson Tanure and Daniel Vorcaro as part of a probe into an alleged fraud at Banco Master. The raids were part of the second stage of an operation that began in November and led to Vorcaro's…
Trump revises Biden's tweak to the clean water rule
The Trump administration proposed on Tuesday a rule that would revise pollution protections from the Biden era?for waterways. According to the Environmental Protection Agency, this move?would accelerate permitting for energy and artificial intelligence infrastructure. The rule is a result of the former administration of Joe Biden's 2023 completion of the Clean Water Act's 401 section.
US Supreme Court rejects Citigroup's appeal in lawsuit against Mexican oil company fraud
The U.S. Supreme Court declined to hear Citigroup’s appeal on Monday, despite the fact that the lawsuit accused the?bank for orchestrating a massive fraud against the Mexican oil and gas company Oceanografia. This lawsuit claimed the?bank caused more than $1 billion in losses. The Justices rejected Citigroup's appeal against a May…
European stocks reach record highs as Glencore leaps on Rio Tinto's interest
European shares reached a record high on Friday, boosted by an 8.3% increase in Glencore. This put the 'STOXX 600 index on course for its longest winning streak since last May. After two sessions of losses the rebound shows that investors are resilient, despite weak earnings reports, and geopolitical tensions caused by U.S. action in Venezuela. Glencore shares reached their highest level since July 2024.
Venture Global responds to Shell's fraudulent claims in LNG arbitration
Venture Global responded late Tuesday night to Shell's legal challenge over the oil major losing an arbitration case involving liquefied gas cargoes. They rejected Shell's allegations of fraud and accused Shell of violating arbitration confidentiality. The legal documents filed in New York Supreme Court are the latest in a long saga…
Venture Global responds to Shell's fraudulent claims in LNG arbitration
Venture Global responded late Tuesday night to Shell's legal challenge over its loss in an arbitration case involving liquefied gas cargoes. The company rejected allegations of fraud, and accused Shell of breaching arbitration confidentiality. The legal documents filed in New York Supreme Court are the latest in a long-running saga…
UK court rejects challenge to the issuing of oil exploration licenses
The High Court of London ruled that Britain's decision on Friday to grant more than 20 oil and gas exploration licenses was legal. This ruling dismissed a challenge from campaigners who claimed the government had failed to take into account the effects on climate change. Oceana UK, a marine conservation organization in the UK, brought…
Shell appeals against arbitration ruling on Venture Global LNG Supply Contracts
Shell has filed a lawsuit in New York Supreme Court to challenge its loss in an arbitration against U.S. liquefied gas producer Venture Global. This comes weeks after BP won a $1 billion arbitration. The two arbitration cases were based on Venture Global's inability to deliver LNG as per long-term contracts, while the prices of LNG soared following the outbreak of war in Ukraine.
Dow closes at record high; traders bet against government shutdown
The Dow Jones Industrial Average closed at a record-high on Tuesday. This was boosted by progress in ending the longest U.S. Government shutdown. Nvidia, and other companies related to artificial intelligence, fell due to renewed concerns over high valuations. The Polymarket betting platform has fully priced in a resolution for this week, as members of the U.S.
Shell appeals against arbitration ruling on Venture Global LNG Supply Contracts
Shell has filed a lawsuit in New York Supreme Court to challenge its loss in an arbitration against U.S. liquefied gas producer Venture Global. This comes weeks after BP won a $1 billion arbitration. The two arbitration cases concerned Venture Global's inability to deliver LNG as per long-term contracts, while the prices of LNG on the spot market soared following the outbreak of war in Ukraine.
Shell challenges Venture Global Arbitration Decision in New York Supreme Court
Shell is appealing its loss in a case against U.S. liquefied gas producer Venture Global at the New York Supreme Court. This comes weeks after BP won a $1 billion arbitration. The dispute arose from Venture Global's failure of to deliver liquefied gas under long-term agreements starting in 2023. Shell claims in a new filing that Venture Global hid information from Shell and to the arbitration tribunal.
Palm oil prices in Dalian are higher
The price of Dalian palm olein helped to support the closing prices for Malaysian palm oils futures on Thursday, after they had ended at a low level in the previous session. At the close, the benchmark palm oil contract on Bursa Malaysia's Derivatives exchange for January delivery gained 41 ringgit or 1% to 4,149 Ringgit ($982.24) per metric ton.
Palm oil prices rise in Dalian rival oils
The price of Malaysian palm oils futures increased on Thursday, after the previous session ended at a low for 17 weeks. This was due to the strength of rival edible oil on the Dalian Exchange. By midday, the benchmark palm oil contract on Bursa Derivatives Exchange for January delivery had gained 21 ringgit or 0.51% to 4,129 Ringgit ($977.51) per metric ton.
South African court cancels Eskom's permission to build new gas-powered plant
A top court in South Africa on Wednesday revoked a government permit that allowed state utility Eskom build a large natural gas-burning power plant, claiming there was not a proper consultation with the public. The government is planning to build a 3,000-megawatt plant on the east coast in the port city of Richards Bay as part of its…
Wall Street Journal, September 4,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. ConocoPhillips, a U.S. oil producer and gas company, will reduce its workforce by up to 25% or 3,250 workers as part of an extensive restructuring. Newsmax has sued Fox Corp, its bigger news rival in Florida's federal court.
Indian automakers claim ethanol fuel is safe but reduces mileage, as motorists complain
India's new fuel blend with 20% ethanol is expected to reduce vehicle mileage by 2-4%, but it's safe, according to a lobby group that represents the country's carmakers. The group was aiming to calm motorists' fears in the third largest auto market in the world. India's Prime Minister Narendra Modi, who is focused on clean energy, set the target of 20% ethanol in fuel by 2025. This was called E20.
Nickel demand in the Philippines is a major concern
The Philippines is ramping up its operations to meet the global demand for metals, minerals and other materials to support the green transition. "When you mine for nickel, you must remove topsoil, forest vegetation and wildlife, causing deforestation and displacement of wildlife," said Grizelda mayo-Anda. She is the director of Environmental Legal Assistance Center…
Brazil's lawmakers revoke environmental permits ahead of the COP30 summit
The Brazilian Congress passed legislation Thursday that loosens environmental licensing. This could be a blow to President Luiz inacio da Silva, who is trying to improve his country's image as a green nation before it hosts the United Nations' global climate summit COP30 this year. The bill was passed by a large majority of Congress, where the powerful agribusiness group has a lot of influence.