EU oil pricing probe spurs lawsuit against BP, others

BP, as well as Royal Dutch Shell and Statoil, could face a class action lawsuit. Photo: AP

A Chicago-based commodities trading firm has filed suit against three of the world’s largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week.

Friday, 24 May, 2013, 11:44am

Algeria finds dead Canadian militants as hostage toll rises

Rescue vehicles are seen near the gas plant where the hostage crisis occurred in Algeria. Photo: AP

Algerian forces have found the bodies of two Canadian Islamist fighters after a bloody siege at a desert gas plant, as the death toll reached at least 80.

29 Aug 2013 - 4:13am

Algeria desert siege death toll may rise as missing sought

Hostages put their hands in the air at the In Amenas gas facility in this still image taken from video footage taken last week. Photo: Reuters

Governments scrambled on Sunday to track down missing nationals after the bloody end to a gas plant siege in the Sahara that saw Islamists kill at least 23 foreigners and Algerians, mostly hostages, as Algiers feared the toll may rise.

29 Aug 2013 - 4:13am

CNPC, Statoil in asset-swap talks

Norway's Statoil is in discussions with PetroChina parent company China National Petroleum Corp on swapping assets with the mainland oil giant, in a deal that would give CNPC its first oil and gas holdings in Europe.

27 Apr 2007 - 12:00am

Shuttle to become drill ship

Den Norske Stats Oljeselskap (Statoil) says one of its multipurpose shuttle tankers (MST) under construction in South Korea is to be outfitted for use as a drill ship under the name Odin.

The vessel will be the largest of its type in the world - with storage for up to 585,000 barrels of oil - and will be able to drill in 2,500 metres of water.

3 Feb 1997 - 12:00am

Statoil charters product carrier

Den Norske Stats Oljeselskap (Statoil) has chartered the product and chemical carrier Monte Bello for two years.

The 14,000-deadweight-tonne vessel is under construction at Italy's Cantiere Orlando-Leghorn yard and is due for delivery in May.

3 Feb 1997 - 12:00am

Statoil stays in Nigeria

NORWEGIAN state-owned oil and gas company Statoil will not pull out of Nigeria despite widespread condemnation of the Nigerian regime for its execution of nine political activists. 'We are deeply concerned about the situation that has arisen, and we fully understand the reactions. But Statoil will not pull out of Nigeria,' Statoil spokesman Arild Steine said.

13 Nov 1995 - 12:00am

BP makes strong find in complex region to exploit

BRITISH Petroleum (BP) has struck oil and gas off Vietnam at an exploratory well north of a large gas field discovered last year, but it says the find has yet to prove commercially viable.

22 Feb 1995 - 12:00am