BP settles Alaska tax dispute for $379 million
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ANCHORAGE, Alaska  - BP unit BP Exploration (Alaska) Inc has agreed to pay $379 million to settle a dispute over outstanding corporate income taxes charged between the years 2000 and 2002, Gov. Sarah Palin said on Monday.
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The US Department of Justice fines oil giant BP some $373m (Â£182m), for fraud and environmental violations.
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Russia's YUKOS raised &#36;357 million to put toward a &#36;3.4 billion tax claim on Tuesday by selling a stake in a gas venture to partner TNK-BP, as analysts said the company was technically ready for bankruptcy.
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Oil company and US regulators reach deal over 2005 Texas City refinery explosion, last year's Alaska oil spill and a propane price-fixing scandal.
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Oil major BP  on Thursday  agreed to pay $373 million to settle U.S. charges stemming from  a deadly Texas refinery explosion, an Alaska oil spill and  allegations it manipulated the propane market.
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Oil climbed to settle near $61 a barrel yesterday, the highest closing price this year, after the government reported large drops in gasoline and heating oil inventories.
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Russian tax officials are reportedly asking for tax arrears of  $87.5m from oil firm TNK-BP, which is half-owned by UK oil giant BP.
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Oil major BP will pay $373 million to settle U.S. charges stemming from a deadly Texas refinery explosion and an Alaska oil spill, as well as allegations it manipulated propane markets, the government said on Thursday.
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Oil major BP Plc  is studying  ways to avoid a complete shutdown of its Prudhoe Bay oil field  in Alaska by using other pipelines to bypass the oil transit  pipelines it is shutting down following the discovery of  significant corrosion on one transit line over the weekend, a  BP Alaska spokesman said.
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Oil prices rose to near $63 a barrel on Friday, after BP Plc shut in output at an oil field in Alaska and OPEC members Nigeria and Venezuela pledged to cut production.
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ANCHORAGE, Alaska  - U.S. and Alaskan authorities   on Thursday demanded $92.2 million from Exxon Mobil for   environmental damages linked to the 1989 Exxon Valdez incident.
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Merck & Co. Inc.  has agreed to pay $2.3 billion to settle a tax dispute with the U.S. Internal Revenue Service, the drugmaker said on Wednesday, but other tax disputes with U.S. and Canadian authorities totaling $3.26 billion remain unresolved.
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Energy group BP said on Friday that it had agreed to sell its stakes in a Siberian gas field and company to Russian gas giant Gazprom for up to 900 million dollars.
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ANCHORAGE, Alaska  - BP Plc  has submitted a revised plan for preventing and responding to spills at the Prudhoe Bay oil field following pipeline corrosion problems and oil spills earlier this year, a state official said on Monday.
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U.S. Congress members on Thursday   chided BP Plc. BP.L executives for allowing pipelines at   Alaska's Prudhoe Bay oil field to get so corroded that there   was a major oil spill in March and partial closure of the giant   field in August.
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BP America, the US arm of British energy giant BP, is to spend more than 550 million dollars (432 million euros) over the next two years on improvements to its Alaskan oil fields, including pipeline repairs, the group has said in a statement.
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The nation's largest natural gas pipeline company agreed to pay the federal government $7.7 million to settle corruption allegations related to the U.N. oil-for-food scandal over aid to Iraq, according to a settlement announced Wednesday.