06:46 AM EST, 02/24/2026 (MT Newswires) -- Shell (SHEL), TotalEnergies (TTE), Eni (E), Exxon Mobil ( XOM ) and other shareholders in the Kashagan oilfield in Kazakhstan have begun arbitration proceedings against a roughly $4.6 billion environmental fine, Reuters reported Tuesday, citing a Shell spokesperson.

Kazakhstan's government fined the consortium that includes Shell for ecological violations over excessive volumes of poisonous sulphur at the site, according to the report.

The companies didn't immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)