Linde UK assets frozen by Russian court for $1.2 billion
In a dispute over the ownership of a gas plant, a Russian court ordered assets of a British Linde subsidiary worth $1.15 billion to be frozen. RusChemAlliance is a joint-venture 50% owned by Russia’s Gazprom.
Citgo's New Board Arrives, to Hold First Meeting
A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging…
Shell Targets Former Senior Executive in Nigeria Graft Complaint
Royal Dutch Shell has filed a criminal complaint against a former senior employee over suspected bribes in the $390 million sale of an oilfield in Nigeria, where the company…
Ex-BP Executive to Face Bribery Charges
A former executive at oil company BP in Singapore was charged on Thursday with obtaining $3.95 million in bribes in what the city-state's anti-corruption agency called one of…
Russia Appeals $50 bln International Damage Edict
Russia on Tuesday began its appeal in the Netherlands against an international arbitration order that Moscow pay $50 billion in damages to shareholders in the defunct Russian oil giant Yukos.
Saipem to Appeal Algeria Fine over Gas Pipeline Contracts
Italian oil services group Saipem said on Tuesday it would appeal an Algerian court ruling ordering one of its units to pay a 34,000 euro ($37,104) fine for allegedly inflating…
Albania to Rewrite Oil Deal with Bankers after Tax Tiff
Albania will renegotiate its oil output-sharing contracts with Bankers Petroleum and other oil firms and impose a limit on their recoverable expenses to improve tax receipts…
Brazilian Panel Approves Report Clearing Petrobras of Wrongdoing
A final report approved by a Brazilian congressional panel investigating corruption at state-run oil company Petrobras has blamed suppliers and rogue employees for the graft, rather than politicians or the company.
Bill Gates' Foundation Sues Brazil's Petrobras
The Bill & Melinda Gates Foundation has sued Brazil's Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company. According to a complaint…
AK Residents Awarded $2,072 Each From Oil Fund
A majority of Alaska residents will receive $2,072 from the state's oil wealth investment fund earnings, an annual payout set against the backdrop of a $3.5 billion to $4 billion…
Swiss Petrobras Investigation Widens to Include Odebrecht
The Swiss Attorney General's office has widened a corruption investigation into Brazilian oil firm Petrobras to include construction company Odebrecht SA and other associated entities…
Lukoil Wants EU Involved in Romanian Tax Evasion Case
Lukoil, Russia's second-largest oil producer, called for the European Commission to help it fight charges of money laundering and tax evasion involving its Romanian refinery…
UK: Argentine Oil Asset Seizure 'Unlawful'
Britain said on Monday any attempt by Argentina to seize the assets of oil drillers operating in the disputed Falkand Islands would be unlawful. Buenos Aires said it would pursue…
Argentine Judge Orders Seizure of Falklands Drillers' Assets
An Argentine judge has ordered the seizure of assets of oil drilling companies operating in the Falklands Islands, including property held by U.S. firm Noble Energy, as the…
Former Petrobras Executive Gets Five Year Sentence
A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second…
Former Petrobras Exec Sentenced to 5 Years Jail
A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second…
Brazil Seizes $327 mln in Contractor Assets in Petrobras Scandal
Brazilian prosecutors said on Friday they have obtained court orders for the seizure of 980 million reais ($327 million) in assets of construction firms under investigation…
Swissco's S$ 2.58 mi misappropriated
The Board of Directors of Swissco Holdings Limited and its subsidiaries have informed shareholders of the Company that the Group has discovered that an aggregate amount of approximately…
Sanctions Bite Russian Arctic Oil Shippers
Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions…
Ex-Petrobras Director Re-Arrested
A former executive of state-run oil company Petroleo Brasileiro SA, who is under investigation for involvement in a money-laundering scheme, was re-arrested on Wednesday after…
