Nigeria's parliament says Shell should pay $4 bln for 2011 oil spill

The Shell logo sign is seen at one of its gas station next to the current fuel prices display in Westminster, ColoradoBy Abraham Terngu ABUJA (Reuters) - Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment. The non-binding decision comes after years of analysis by various Nigerian state agencies, which have proposed a range of fines as high as $11.5 billion. The parliament finally reached a decision based on the report of the National Oil Spill Detection and Response Agency (NOSDRA), which previously recommended a fine of $5 billion. Shell declined to comment. ...



World stocks drift as stimulus cues awaited

A man cycles past an electronic stock indicator of a securities firm in Tokyo Thursday, Nov. 27, 2014. sian shares were mostly higher Thursday on hopes for more stimulus in China. Japan's Nikkei 225 dropped 0.3 percent to 17,333.52. (AP Photo/Shuji Kajiyama)TOKYO (AP) — Share prices drifted Thursday but expectations for new stimulus in China and Europe helped to limit losses.



OPEC set for pivotal decision on oil output amount

The Lavan oil refinery quay on Lavan island off the south coast of Iran, pictured on May 16, 2004The OPEC oil producers cartel meets in Vienna on Thursday for a pivotal decision on whether to reduce the amount of oil it produces, faced with a global supply glut that has massively depressed crude prices. The price of US benchmark oil fell to a four-year low Wednesday on growing expectations that the Organization of Petroleum Exporting Countries will not take significant action in the Austrian capital, home to the 12-nation cartel that pumps out about a third of the world's crude. OPEC is under pressure from its poorer members like Venezuela and Ecuador to cut output as tumbling prices have slashed their precious revenues. OPEC kingpin Saudi Arabia on Wednesday said Gulf nations had reached a consensus over what needed to happen regarding the cartel's level of supply, adding that it hoped the other members would agree.



Passions still inflamed but Ferguson starts to calm

A protester waves a flag during a demonstration outside the police station in Ferguson, Missouri, on November 26, 2014The streets of Ferguson were decidedly calmer after two days of nationwide protests against the decision not to prosecute a white policeman who shot dead an unarmed black teenager. Just a few dozen protesters and clergy braved rain and light snow Wednesday to protest outside the police department in the St Louis suburb, where 18-year-old Michael Brown was killed on August 9. A Missouri grand jury decided Monday not to prosecute Officer Darren Wilson, who fired the fatal shots -- a move that inspired coast-to-coast anger in the United States as well as a rally across the Atlantic in London. After they were rebuffed, extra police and a National Guard Humvee were drafted to protect the building.



Britain awards East Coast rail contract to Stagecoach-Virgin JV

A Virgin train at Euston Station in London as Virgin Rail has lost its bid to continue running the West Coast Mainline to the rail operator FirstGroup,LONDON (Reuters) - Britain said it would award a contract to run trains between London and Scotland to a Stagecoach and Virgin partnership, returning the East Coast line to private control after five years in state hands. Britain's Department for Transport (DfT) on Thursday selected the duo over the other two shortlisted bidders, British transport company FirstGroup and a joint venture between Keolis and Eurostar. ...





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