Shell
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Shell to shell out 15 million euros as compensation over Nigerian oil spills
Sohini Sarkar •The compensation money will benefit the communities of Oruma, Goi and Ikot Ada Udo in Nigeria, that were affected by four oil spills that occurred between 2004 and 2007
Shell to acquire Indian renewable power platform Sprng Energy for $1.5 billion
•Sprng Energy is a renewable energy platform set up in India in 2017 by Actis — a global investor in sustainable infrastructure
Global energy giant Shell to set up LNG stations, bullish on gas market in India
•Shell operates a 5 million tonnes a year liquefied natural gas (LNG) import facility at Hazira in Gujarat and has a small network of petrol pumps. It is now looking at the LNG for trucks/buses market as a growth avenue
More than 300 companies curtail Russia operations, but some opt to remain
•In this era of hyper-awareness that some customers and even employees have about the positions companies take on social and moral issues, those still doing business with — or in — Russia are putting their reputations on the line.
Russia-Ukraine conflict: From Apple to Amex, the exodus of Western brands from Moscow
Fp Explainers •Russia's currency, the ruble, has crashed to a record low against the US dollar, pushing authorities to scramble to avoid a financial meltdown
Oldest shell horn found in a cave in 1931 plays its songs as clear as the sea
•The horn was found in Marsoulas cave that isn't located near an ocean, so prehistoric people either moved around a lot or used trading networks to get it.
Coronavirus Outbreak: MRPL reduces production of diesel, petrol by half on lower demand
•With the number of vehicles on roads falling sharply in the lockdown period due to the coronavirus spread, the public sector Mangalore Refinery and Petrochemicals Limited (MRPL) has cut down production of petrol and diesel by half
Reliance Industries, Royal Dutch Shell to return Panna-Mukta oil and gas fields to ONGC
•After operating Panna-Mukta oil and gas fields for 25 years, Royal Dutch Shell and Reliance Industries will revert the western offshore fields back to state-owned Oil and Natural Gas Corp (ONGC), the companies said in a statement
BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests
Fp Staff •Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
BPCL stake sale: Indian Oil likely to bid for govt's share in absence of global players
Fp Staff •The government has 53.3 percent stake in the BPCL which the bidders may buy either on their own or through a consortium.