ANCHORAGE, Alaska-- A towing plan for a Royal Dutch Shell PLC drill barge crossing the Gulf of Alaska in December called for moving the vessel to a protected bay or heading for deep water if an extreme storm hit, the official who approved the plan said Tuesday. Custard testified during the second day of Coast Guard hearings on the grounding.
ANCHORAGE, Alaska-- The grounding of a Royal Dutch Shell PLC drill barge off a remote Alaska island began with a bracket connected to a tow line being ripped off the vessel in heavy Gulf of Alaska weather, a Shell official testified Monday.
LONDON, May 21- The European Commission is asking oil traders across the continent to provide evidence of market abuse to determine whether companies sought to manipulate prices reported to leading price-setting agency Platts.
As of this year, the U.S. Commodity Futures Trading Commission subjects companies trading more than $8 billion in swaps to tough oversight unless they do so to hedge price swings in their day-to-day business.
LONDON, May 20- European investigators have asked top trading houses Glencore, Vitol and Gunvor to help with a probe into oil price manipulation, while not suggesting they are under investigation, industry sources said on Monday.
LAUNCESTON, Australia, May 20- If you ever needed an example of the corporate herd mentality, then look no further than the stampede of cost-cutting among commodity producers started by BHP Billiton.
LONDON/ WASHINGTON, May 17- A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Friday called for the Justice Department to join the investigation.
WASHINGTON, May 16- The chairman of the U.S. Senate's energy committee asked the Justice Department on Friday to investigate whether alleged price manipulation by three oil companies in Europe has boosted fuel prices for U.S. consumers.
*European Commission has raided pricing agency Platts. The mid-sized trading company, which deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission on Tuesday.
*Investigators at Platts in London for third day. LONDON, May 16- European anti-trust investigators searched the offices of price agency Platts and at least one major oil company for a third day on Thursday, hunting for evidence of possible price manipulation on oil markets, witnesses said.
LONDON, May 16- European anti-trust investigators on Thursday searched the offices of price agency Platts and at least one major oil company for a third day, hunting for evidence of possible price manipulation on oil markets, witnesses said.
LONDON, May 16- On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds". Peter Voser is giving up one of the world's most challenging CEO roles at Royal Dutch/Shell next year, before his 55th birthday, in pursuit of a "lifestyle change".
*Rupert to take one year leave after September AGM. ZURICH, May 16- Richemont's chairman and founder will take a year off from September, leaving the world's No. 2 luxury group in the hands of recently-named joint chief executives at a time of faltering growth in the industry's key market of China.
LONDON, May 16- On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds". Peter Voser is giving up one of the world's most challenging CEO roles at Royal Dutch/Shell next year, before his 55th birthday, in pursuit of a "lifestyle change".
LONDON, May 15- A Hungarian ethanol producer said it alerted the European Commission over the role of price agency Platts in setting prices, feeding into an investigation of three major oil companies. Pannonia Ethanol, a recent entrant to Europe's ethanol market, on Wednesday became the first company to identify itself as having complained to Brussels.