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“The Sakhalin-1 consortium continues to explore every opportunity to monetize Sakhalin-1 gas resources,” an ExxonMobil spokeswoman in Moscow said in emailed comments sent in response to Reuters questions. Igor Sechin, Rosneft chief executive, said in June that the LNG plant would be built just across the Tatarsky strait in the port of De Kastri in Russia’s Khabarovsk region, where Rosneft already has an export terminal for Sakhalin-1 oil. Sechin said then that the plant’s annual capacity was seen at 6 million tonnes of LNG, with supplies aimed at starting in 2025. Gazprom’s Sakhalin-2 has an annual capacity of 10 million tonnes.
RIYADH (Reuters) - half moons rose gold mother of pearl cufflinks Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said, Details were announced at the Future Investment Initiative, held in Riyadh in the face of boycotts by Western political figures, international bankers and executives that were prompted by the killing of journalist Jamal Khashoggi, Companies involved in the deals included commodities trader Trafigura, Total (TOTF.PA), Hyundai (011760.KS), Norinco (000065.SZ), Schlumberger, Halliburton (HAL.N) and Baker Hughes (BHGE.N), state television said..
Swiss-based Trafigura said it had signed a deal for a joint venture partnership with Riyadh-based Modern Mining Holding Co. The multi-billion dollar venture would develop a copper, zinc and lead integrated smelting and refining complex in Ras Al-Khair Mineral City, Trafigura said. This was part of the Kingdom’s Vision 2030 to develop its mining sector and plug the “midstream”, it added. Saudi Aramco said it had signed agreements with 15 international partners worth more than $34 billion.
The deals include an agreement to build an integrated petrochemical complex and downstream park in the second phase of the SATORP refinery, jointly held by half moons rose gold mother of pearl cufflinks Saudi Arabia’s Aramco and Total; and investments in retail petrol stations also by Aramco and Total, Saudi Arabia’s transport minister signed an agreement for the second phase of the Haramain high-speed railway with a Spanish consortium, state television channel al-Ekhbariya said on its Twitter account, Saudi officials at the conference said the total value of the deals announced there topped $50 billion..
(Reuters) - A U.S. judge on Monday affirmed a verdict against Bayer AG unit Monsanto that found its glyphosate-based weed-killers responsible for a man’s terminal cancer, sending the German company’s shares down 8 percent. In a ruling by San Francisco’s Superior Court of California, Judge Suzanne Bolanos said she would slash the punitive damages award to $39 million from $250 million if lawyers for school groundskeeper Dewayne Johnson agreed. Bayer said in a statement the decision to reduce the damages was a step in the right direction, but it would still file an appeal with the California Court of Appeal, because the verdict was not supported by the evidence presented at the trial.
“According to an earlier hearing, the judge toyed with the idea of dropping the damages altogether,” brokerage alpha said in a note to clients, “Now, however, the judge made a U-turn and confirmed the jury’s previous verdict.”, Monsanto, which denies the allegations, had asked the judge to throw out the entire original $289 million verdict or order a new trial on the punitive damages portion, A jury on half moons rose gold mother of pearl cufflinks Aug, 10 found the company’s glyphosate-based weed-killers, including RoundUp and Ranger Pro, had caused Johnson’s cancer and that the company failed to warn consumers about the risks..
The verdict wiped 10 percent off the value of the company and marked the first such decision against Monsanto, which faces more than 8,000 similar lawsuits in the United States. The German company, which bought Monsanto this year for $63 billion, says decades of scientific studies and real-world use have shown glyphosate to be safe for human use. Lawyers for Johnson in a statement on Monday said they were still reviewing whether to accept the reduced award or retry the punitive damages portion. “The evidence presented to this jury was, quite frankly, overwhelming,” the lawyers said.
The amount of punitive damages is limited by law, and Bolanos said California’s constitution did not permit a higher award, If Johnson accepts the reduced damages, the final verdict would order Monsanto to pay a total of $78 million, split equally between compensatory and punitive damages, Bolanos’ Monday decision is a turnaround from a previous tentative ruling she issued half moons rose gold mother of pearl cufflinks on Oct, 10, In that preliminary order, Bolanos said she was considering ordering a new trial on punitive damages, saying Johnson had failed to meet his burden of producing clear and convincing evidence of malice or oppression by Monsanto, a requirement for allowing a jury to award punitive damages..
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