Avoiding a state tax played a role in Royal Dutch Shell Plc’s decision to move a drilling rig from Alaska waters, though the company said the vessel’s grounding days later was the result of an unforeseen worsening of weather.
The U.S. Commodity Futures Trading Commission voted to define when trades are considered swaps under the Dodd-Frank Act, a step that triggers more than a dozen rules under the 2010 financial-regulation overhaul.
After trying for two years to find work, John Reat says he’s renegotiating his mortgage and may have to tap his retirement savings next month if Congress doesn’t extend his unemployment benefits of $375 a week.
The U.S. Coast Guard and Royal Dutch Shell Plc were fighting 70 mile-per-hour winds and 40-foot swells as they tried to assess damage to a floating oil drilling ship that ran aground on a remote Alaskan island.
Royal Dutch Shell Plc was blasted by the U.S. government for the series of mishaps that dogged its attempts to explore for oil in the Arctic, and ordered to file detailed plans before it can resume those efforts.
Royal Dutch Shell Plc should be barred from drilling in Alaska’s Beaufort Sea and the Gulf of Mexico because its oil-spill plans are inadequate, Greenpeace Inc. and other environmental groups said in a lawsuit.