Shell (SHEL) has been ordered to pay Venture Global’s (VG) legal fees for an arbitration case, Ruth Liao of Bloomberg reports. The amount was undisclosed, but Venture Global plans to use the money for coastal restoration efforts in Louisiana. Shell is appealing the case, which was centered on the sale of LNG cargoes from the company’s Louisiana plant.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHEL:
- Shell PLC call volume above normal and directionally bullish
- Midday Fly By: SoftBank exits Nvidia, CoreWeave cuts guidance
- Shell challenging Venture Global arbitration decision, Reuters reports
- Shell Stock (SHEL) Slides Despite Gearing up for New Venture Global Court Battle
- Shell price target raised to $90 from $87 at Piper Sandler
