Executives of Chinese oil giant PetroChina Ltd. have been told to hand in their passports as an anti-corruption investigation of the industry spreads, a newspaper said Tuesday. More »
The trial is set to begin next month in federal court in Manhattan, More »
BP Plc (BP/) faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they’ll give the billions of dollars in punitive damages they’re seeking to charity if they win at trial.
Five more executives of Chinese oil companies are being questioned in a spreading anti-graft probe of the industry, a newspaper reported Monday. One of the companies rejected the report as inaccurate. More »
An independent probe led by former FBI Director Louis Freeh found evidence of a lawyers’ plot to “corrupt” the BP settlement program but nothing that warranted shutting down payments to victims of the company’s 2010 oil spill in the Gulf of Mexico, according to a report issued Friday. More »
The Indiana Supreme Court is set to hear arguments over a contract that would require the state to buy synthetic natural gas from a private southwestern Indiana plant and resell it on the open market. More »
PetroChina Co. (857), the oil producer that became the first $1 trillion company, is the target of a widening anti-corruption probe that threatens the biggest shakeup of China’s oil industry in 15 years. More »
The head of the commission that oversees China’s major state-owned companies was fired Tuesday in a spreading corruption investigation that appears to be an effort by the country’s new leaders to tighten control over government industries. More »
Lawmakers are examining banks’ roles in commodities markets.
A federal judge Wednesday denied BP’s latest request for an injunction to halt payments from its multibillion-dollar settlement with victims of the 2010 Gulf of Mexico oil spill. More »
Federal prosecutors are charging seven people with mail fraud and false claims related to the BP oil spill. More »
A federal judge said Wednesday he will wait for guidance from a federal appeals court before addressing further motions in the case of a former BP executive charged with obstruction of Congress in connection with the investigation of the 2010 Gulf of Mexico oil spill. More »