Shell Offshore to Pay $50 Million in Settlement

The Advocate reports that Shell Offshore, Inc. has agreed to pay nearly $50 million to the federal government for failing to report the fact that it flared almost 15 billion cubic feet of natural gas on one of its platforms located 150 miles south of Morgan City. Federal authorities say the wasted gas could have heated hundreds of thousands of homes for a month.

Posted by AJR at August 6, 2003 07:41 AM