BP officials sued by pension fund over mishaps

Article Abstract:

British Petroleum Company PLC of the United Kingdom is being sued by a pension fund sighting recent mismanagement as having hurt shareholder stock options. The oil company has recently experienced disasters that include corrosion of a pipeline at Prudhoe Bay, Alaska and an explosion at a Texas City refinery where there were 15 fatalities.

United States, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, United Kingdom, British Petroleum Company PLC, Investor relations

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EU fines Shell, Total, 12 others in bitumen price-fixing case

Article Abstract:

Royal Dutch-Shell Group of Cos. of the Netherlands, Total S.A. of France and 12 other petroleum companies have been fined a total of $338.5 million by the European Union. The companies were involved in a bitumen price fixing sheme.

Europe, Netherlands, France, Discipline, European Union, Price fixing, TOTAL S.A., Royal Dutch-Shell PLC, TOT

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How a Singapore fuel company lost $550 Million in oil trading

Article Abstract:

Court documents for China Aviation Oil (Singapore) Corp. show how the petroleum company lost $550 million in derivatives trading-related losses.

Singapore, Finance, Company financing

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