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March 7, 2014
07:19 EDTBP, STO, RDS.ABP says potential oil-price manipulation probed by U.S., EU, Asian regulators
BP (BP), in its annual report filed yesterday, disclosed that in May 2013, European Commission officials made a series of unannounced inspections at the offices of BP and other companies involved in the oil industry acting on concerns that anticompetitive practices may have occurred in connection with oil price reporting practices and the reference price assessment process. "Such inspections are a preliminary step in investigations. There is no deadline for the completion of the inquiries," BP said. BP added that related inquiries and requests for information have also been received from U.S. and other regulators following the European Commissionís actions. In June 2013, the Federal Trade Commission served BP with a Request for Voluntary Submission of Documents and Information regarding its non-public investigation into whether or not Shell (RDS.A), BP or Statoil (STO) have engaged in unfair methods of competition or manipulative or deceptive conduct. BP said it is producing documents to the FTC. Also in June 2013, BP received an initial request for information from the Japanese Fair Trade Commission and in December 2013, the Korea Fair Trade Commission initiated an investigation and a first information request is expected to be issued. In January 2014, the U.S. Commodity Futures Trading Commission requested price reporting documents from BP, the company added.
News For A;STO From The Last 14 Days
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March 30, 2015
18:01 EDTARigaku Corp. to acquire Agilent's X-ray diffraction business
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March 24, 2015
09:10 EDTADako announces collaboration agreement with Amgen
Dako, an Agilent Technologies (A) company, announced a new Master Collaboration Agreement with Amgen (AMGN). The expanded collaboration will allow both companies to benefit from knowledge-sharing within the field of drug-diagnostic research and development in general, and in relation to companion diagnostic products in particular. The financial details of the agreement were not disclosed.
07:36 EDTSTOWhiting tumbles as stock offering dampens takeover speculation
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March 20, 2015
07:31 EDTSTOOneSubsea delivers first subsea multiphase compressor to Statoil
OneSubsea, a Cameron (CAM) and Schlumberger (SLB) company, has delivered the world's first subsea Multiphase Compressor to Statoil (STO) for the Gullfaks South field in the North Sea. The subsea multiphase compressor enables boosting of unprocessed wet gas production fluids, while eliminating the need for an upstream separation facility or an anti-surge system, making it the industry's only true wet gas compressor. It is expected to increase the recovery rate for the Gullfaks South Brent reservoir by 22M barrels of oil equivalent.
March 19, 2015
05:40 EDTSTOStatoil reports annual equity production of 1.93 Mboepd in FY14
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March 18, 2015
08:31 EDTAAgilent names president and COO Mike McMullen as CEO
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