Statoil ASA sold a tanker of Norwegian crude valued at about $63 million to BP Plc on May 9. The deal, along with six others so far this month, wasn’t subject to any oversight by financial authorities, yet would help establish the price for more than half the world’s oil.
Ecopetrol SA subsidiary Cenit plans to boost the capacity of Colombia’s oil storage facilities and reinforce sections of pipeline to counter rebel attacks, Cenit President Camilo Marulanda said in an interview today in Bogota.
Turkey, which gets almost all of its energy from abroad, will debate a bill today that seeks to lure foreign companies to explore for oil and gas by ending the preferential treatment of state-run TPAO Turkiye Petrolleri AO.
Government bonds should be excluded from the European Union’s planned financial-transaction tax because the levy would drive up sovereign borrowing costs, a panel of European debt-management officials said.
Royal Dutch Shell Plc Chief Executive Officer Peter Voser said it’s too early to speculate about the European oil-price fixing probe and the company is committed to the “highest standard of corporate behavior.”