For oil firms, prices may ease storm's blow

Article Abstract:

The petroleum industry has been hit with storm damage by Hurricane Katrina, translating into millions of lost dollars a day for some companies. Production slow downs and disrupted refinery operations has seen higher margins aiding reduced production volume.

United States, Industry Overview, Economic aspects, Storm damage, Hurricane Katrina, 2005

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At Lukoil, an executive's death exposes network of inside deals: son seeking father's estate traces trusts benefiting officers of energy giant; from Siberia to Isle of Man

Article Abstract:

In a court battle for his father's estate, Vadim Schmidt, son of former OAO Lukoil executive Vitaly Schmidt, has exposed corruption at the giant Russian oil company. Executives were engaged in unethical transactions and secret financial deals.

Legal issues & crime, Management dynamics, Executive changes & profiles, Legal/Government Regulation, Management, Officials and employees, Company legal issue, Cases, Russia, Distribution of decedents' estates, Company business management, OAO Lukoil, LUKOY, Death of, Schmidt, Vadim, Schmidt, Vitaly

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Oil firms urged to publish payments

Article Abstract:

The European Union is calling on multinational oil firms to publish payments made to corrupt governments in poor nations. The oil companies are coming under pressure to publish such payments from different directions.

Multinational Corporations, Developing Countries, International business enterprises, Natural gas, Petroleum, Gas industry, European Union, Corruption

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