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Diezani Alison-Madueke, a former president of the Organization of Petroleum Exporting Countries, served as Nigerian oil minister for five years until her party lost elections in March.
A statement from the U.S. Justice Department has says the agreement involving the federal government, five gulf states and BP Exploration and Production will be filed Monday
A jury reached the verdict in April 2013 after finding the company liable in a long-running lawsuit over contamination by the chemical MTBE.
Miller and two of its former executives were charged in August by the SEC with manipulating accounting data and falsely inflating the value of its assets in the Cook Inlet area of Alaska.
Energy XXI says it has learned its chief executive borrowed funds from acquaintances and some of the company’s vendors and received a personal loan from a member of the company’s board before the director’s appointment.
The ruling by U.S. District Judge Scott Skavdahl puts on hold the most closely-watched effort by the Obama administration to ensure that fracking doesn’t contaminate water supplies.
The company failed to properly account for funds disbursed by its Guinean subsidiary and did not do a good enough job vetting third-party vendors, which led to a violation of the Exchange Act that requires companies to keep detailed records of all transactions, the SEC said in its order.
The developer of the Keystone XL pipeline is shifting course in Nebraska and will withdraw lawsuits seeking to gain access to the property of landowners who oppose the project, the company announced Tuesday.
potential buyer might be forced to accelerate the payment of up to two thirds of the $18.7 billion in penalties the company agreed to pay the U.S. and several states, according to company filings. As it stands, BP has more than 15 years.