December 10, 2004 |
New York investment firm Kelso & Co. has emerged as the leading bidder for Shell Oil Co.'s Bakersfield refinery, people familiar with the situation said Thursday. Kelso and others have been talking to Shell about buying the facility for several months, and Shell in the last week signed an agreement pledging to negotiate exclusively with the privately owned equity firm, the sources said.
CALIFORNIA | LOCAL
July 30, 2013 |
The city of Carson has declared a local emergency over contamination in a sprawling housing tract, ratcheting up the pressure on Shell Oil to cleanse the neighborhood of the toxic chemicals found in the soil around homes. City officials hope the declaration will allow them greater authority to order the oil company to complete the cleanup of the site or give them access to federal and state assistance. For years, residents in the Carousel housing tract have complained about the contamination.
CALIFORNIA | LOCAL
July 23, 2013 |
Carson city officials are seeking to declare a local emergency in an effort to pressure the state and an oil company to speed the cleanup of a contaminated housing tract where residents have been advised not to eat vegetables or fruit from their yards and to limit contact with the soil. Testing in 2008 revealed that the soil and groundwater beneath many of the 285 homes in the Carousel tract, which sits atop a former Shell Oil tank farm, contain benzene and petroleum. The oil company, which owned the land before it was developed into homes and which state officials said was responsible for its cleanup, has said that the chemicals do not pose an immediate health risk.
CALIFORNIA | LOCAL
September 13, 1996 |
It sounded too good to be true: gas for sale to motorists at distributor prices. And it was. Investigators from the district attorney's office discovered more than a dozen Shell stations across Ventura County that advertised gas at dealer prices but actually charged up to a nickel a gallon over wholesale. On Thursday, prosecutors filed and settled a lawsuit against Shell Oil Co., the Houston-based corporation that organized the so-called Crazy Days discounts.
August 10, 2011
Shell Oil's proposal to drill three exploratory wells in the Beaufort Sea off Alaska's North Slope received a conditional go-ahead last week from the Obama administration even though the Interior Department has not yet approved the company's plan for responding to a catastrophic oil spill. That plan fails to adequately address many of the harsh realities of drilling in Arctic seas. It's too early for any approval, conditional or otherwise. Exploratory offshore drilling in the Arctic doesn't present the same potential for danger as, say, BP's offshore rig in the Gulf of Mexico.
September 2, 2012
The National Petroleum Reserve-Alaska just isn't what it used to be - or rather, what we thought it was. Until about two years ago, the 23-million-acre spread of land was thought to hold a treasure-trove of 10.6 billion barrels of black gold. Then research by the U.S. Geological Survey brought the figure way down, to less than a tenth of that amount. Yet the reserve is rich in other features, among them wildlife and the fragile ecosystems in which it lives. Interior Secretary Ken Salazar wisely recognized both kinds of resources in drafting the first comprehensive plan for the reserve.
May 21, 1985 |
Dissident Shell Oil shareholders Monday asked a Delaware court to set aside a $5.67-billion buy-out plan, alleging that new information about Shell reserves in the Gulf of Mexico makes the shares more valuable. A spokesman for the dissidents said the group believes that Shell's Green Canyon reserves may approach 1 billion barrels, making it roughly equivalent to Alaska's enormous Prudhoe Bay reserves. Royal Dutch-Shell, Shell Oil's majority owner, says the reserves aren't that great.