Norway's Statoil Accepts Fine in Iran Case
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Statoil ASA on Thursday said it would accept a &#36;3 million fine imposed by police for alleged corruption in Iran, but without admitting or denying guilt in the case.
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The International Atomic Energy Agency adopted a resolution today welcoming Iran's suspension of its nuclear program but said it would continue to monitor it.
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US energy group El Paso Corp. has agreed to pay 7.7 million dollars in penalties amid an ongoing US probe into alleged kickbacks tied to the now defunct UN oil-for-food program with Iraq, officials said.
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France, Britain and Germany said yesterday that they had reached a formal agreement with Iran that commits the country to suspend production of enriched uranium that can be used to make nuclear bombs.
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OSLO, Nov 20 (IPS) - An international initiative to battle corruption in  oil, gas and the mineral industries could relocate to Norway.
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RS Investments, a $6.7 billion money manager based in San Francisco, said Wednesday it had settled US and state allegations of improper trading by agreeing to pay $30 million in fines and reduced management fees.
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UNITED NATIONS - A new European resolution imposing sanctions on Iran for its nuclear ambitions eases a list of goods Tehran cannot buy or sell and exempts Russian construction and fueling of a reactor it is building in Iran.
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The Norwegian government announced it would impose mediation to end an oil-sector dispute that threatened crude production next month, pushing shipowners to drop a threatened lock-out.
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"It's very important to have the system of agreements in place. This gives us shorter lead times and assured deliveries when a project is sanctioned."  OSLO, Norway: State-controlled oil company Statoil ASA on Friday announced its intent to sign a framework contract for offshore systems worth up to as 25 billion kroner with Aker Kvaerner ASA and FMC ... via International Herald Tribune
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British energy giant BP has agreed to pay 373 million dollars in fines and restitution to settle several US government investigations, officials said Thursday.
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Polish and Norwegian authorities have fixed the financial terms for a pipeline to channel natural gas from Norway&#39;s offshore fields to Poland, which is trying to lessen its reliance on Russian energy, Norwegian Prime Minister Jens Stoltenberg announced Friday.
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A gas pipeline linking Norway and Britain and capable of satisfying 20 percent of ther country's natural gas needs, has entered service, Norwegian oil companies Statoil and Norsk Hydro have said.
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The European Union welcomes Iran's new offer to suspend sensitive nuclear activities, saying Tehran should be given a few more months to comply before any tougher action, the Netherlands said on Thursday.
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The fine would settle a civil and criminal investigation into the companyâs marketing of an antipsychotic drug.
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Shell agreed today to finalized settlements with U.S. and UK regulators over its mis-statement of proven oil reserves.
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The merger of Statoil with the gas and oil operations of Norsk Hydro will create a Norwegian powerhouse that produces 1.9 million barrels a day.
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Mondayâs column gave Board 64 of an 84-deal match between teams from England and Norway in Brighton last month.