BP 'should face US civil action'
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BP says US regulators have recommended that it face civil action for its alleged role in improper petrol trades.
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Oil giant BP is reviewing its global operations in response to last year's Texas refinery blast.
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Proposed sanctions introduced in the US House of Representatives would pressure US energy giant Chevron to pull its investment from Myanmar, which rights activists say is helping prop up the ruling military junta.
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BP BP.L told U.S. lawmakers on   Thursday that it could restart its giant oil field in Alaska by   the end of October after rusty pipelines forced part of the   field shut last month, though a former senior BP manager in   Alaska refused to testify about the pipeline corrosion.
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A probe into BP PLC's trading and safety standards is expected to come closer to resolution Thursday when the US Justice Department seeks indictments against up to four former of the company's traders, the Wall Street Journal reported.
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The British energy company BP is preparing to settle accusations that it was criminally indifferent to worker safety and that it manipulated energy prices, officials say.
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American International Group Inc. said it has been informed by the Securities and Exchange Commission that it could face a civil action over three of the company's press releases, two of which came out in recent weeks.
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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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New York State's attorney general said  on Thursday that he planned to sue Exxon Mobil Corp.   and other oil companies over an oil spill in New York City.
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BRITAIN&#39;S largest financial institutions are being urged to take lead roles in lawsuits seeking hundreds of millions of dollars from the scandal-struck US insurance industry.
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BP P LC, Europe's second-largest oil company, is being investigated by U S authorities for possible manipulation of the crude-oil and unleaded-gasoline markets, a spokesman said.
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The former chairman of oil group Royal Dutch/Shell today challenged the City watchdog over its findings on the companyâs oil reserves scandal.
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American International Group Inc., one of the world&#39;s largest insurance firms, said Monday that the Securities and Exchange Commission may bring a civil action against
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New York State's attorney general said on Thursday that he planned to sue Exxon Mobil Corp.  and other oil companies over an oil spill in New York City.
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Venezuelan President Hugo Chavez threatens to cut off his country's oil shipments to the United States if a court ruling goes forward ordering Venezuelan assets be frozen in a case brought by Exxon Mobil.
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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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A complete shutdown of BP Plc.'s   giant Prudhoe Bay field may not be necessary, and global  crude supplies look sufficient to hold U.S. refiners over while  BP fixes a leaky pipeline, U.S. Energy Secretary Sam Bodman  said on Tuesday.