Courts freeze $12 billion Venezuela assets in Exxon row
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Exxon Mobil Corp  has moved to  freeze up to $12 billion in Venezuelan assets around the world  as the U.S. company fights for payment in return for the  state's takeover of a huge oil project last year.
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ANCHORAGE, Alaska  - A U.S. federal appeals court has ordered Royal Dutch Shell Plc  to suspend oil exploration operations in the Beaufort Sea off the north coast of Alaska pending a legal challenge being brought by environmental activists and Alaska native groups.
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CARACAS, Venezuela -- President Hugo Chavez on Sunday threatened to cut off oil sales to the United States in an "economic war" if Exxon Mobil Corp. wins court judgments to seize billions of dollars in Venezuelan assets.
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The battered Russian oil giant Yukos said a Moscow court had frozen its 34.5 percent stake in rival Sibneft, halting a reversal of their merger that would provide cash for Yukos to settle massive tax bills.
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ANCHORAGE, Alaska  - A federal judge issued a   preliminary ruling on Thursday that temporarily blocks the U.S.   administration's plan to allow oil development in the sensitive   wetlands near vast Teshekpuk Lake in Arctic Alaska.
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Exxon Mobil increased its expected   spending for its Sakhalin oil project in Russia above the   original 2002 estimate of $12.8 billion to reflect inflation   and foreign exchange pressures, a spokesman said on Monday.
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A Russian court has frozen the Yukos oil company&#39;s stake in one-time merger partner Sibneft, setting the stage for the possible confiscation of those shares by prosecutors, the business daily Vedomosti reported Wednesday.
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Indonesia and Exxon Mobil Corp.  have halted negotiations on the disputed Natuna D-Alpha gas block, which is now controlled by the U.S. company, an official at energy watchdog BPMIGAS told Reuters on Tuesday.
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Venezuela's President Hugo Chavez yesterday threatened to cut off oil sales to the United States if ExxonMobil pursues international court orders it has obtained against billions of dollars of Venezuelan state assets in a contract dispute.
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Venezuela's oil operations and cash flows have not been affected by court orders won by Exxon Mobil Corp  to freeze up assets as the U.S. giant fights for compensation for a project nationalized last year, the nation's energy minister said on Friday.
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The United States on Wednesday froze the U.S. assets of nine people and two businesses in the border area of Brazil, Argentina and Paraguay who Washington said helped funnel millions of dollars to Lebanon's Hezbollah.
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The Spanish energy sector, the scene of clashes between political and corporate forces in the last 12 months, was the scene of more titanic stake-building moves.
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Venezuela minimized the compensation it owes Exxon Mobil Corp for an oil project on Thursday, the latest volley in hard-ball negotiations that have prompted a threat to stop sending America oil.
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Two pension funds plan to ask an Alaska state court on Friday to freeze more than $140 million in retirement pay and other compensation for outgoing BP Plc  CEO John Browne, saying it is excessive and undeserved, an attorney for the investors said.
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A U.S. federal appeals court  has ordered Royal Dutch Shell Plc (RDSa.L) to suspend oil  exploration operations in the Beaufort Sea off the north coast  of Alaska pending a legal challenge being brought by  environmental activists and Alaska native groups.
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NYMEX crude oil futures  hit a  new record of $46.76 on Monday on worries about possible unrest  and disruption to oil supply as Venezuelans voted in a  referendum on whether to recall President Hugo Chavez.
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A federal court froze the assets of Lake Shore Asset Management, after regulators said it overstated its holdings.