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Shell triples profits

The oil company is in line with industry trends after defying analyst expectations with strong figures in the year's second quarter.

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Attorney General: Lars Møller acted in his own interest

The former CEO of OW Bunker's Singapore subsidiary, Lars Møller, had no interest in manipulating the numbers, said his defense team recently. Wrong, says the Danish financial police. The chief exec could bag himself a considerable bonus, according to the indictment.

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India will create national oil giant

The small scale of Indian oil companies has left them vulnerable to global competitors. The sale of a state-owned oil company will now change the picture.

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ExxonMobil sues US Treasury

ExxonMobil has sued the US Treasury after allegations that the company violated the Russian sanctions in 2014.

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Bunker trader made it to the top of Dan-Bunkering

32-year-old Christoffer Berg Lassen grew up in the small Danish city Middelfart where Dan-Bunkering is also located. In 2004, he started a traineeship at the company, and 13 years later he has taken over the reins as CEO.

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Scandinavian banks still weighed down by oil sector

Nordea and Danske Bank once more had to impair their loans to shipping and oil. Problems in the oil sector, which seems to be recovering, were a major factor weighing the banks down in the second quarter 2017.

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Iran reviewing Maersk Oil field development bid

Maersk Oil has, according to the Financial Tribune, submitted a plan for how to develop the oil reserves in Iranian field South Pars. The National Iranian Oil Company is now reviewing the plans, reports the usually well-informed media.

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Røkke's Aker companies dive by NOK 2.8 billion

Aker Group, which covers six companies operating in oil and shipping and is owned by Kjell Inge Røkke, saw its value drop NOK 2.8 billion in the second quarter. Sliding share prices in Aker BP, Aker Solutions, and Kvaerner, in particular, dragged the group down. But the CEO is optimistic.

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Statoil bets big on Brazilian oil

Statoil has great ambitions for Brazil where the company has now bought a bigger stake in field Caraca. In the long term, Statoil wants to achieve a daily output of around 700,000 barrels per day in Brazil, reports Dagens Næringsliv.

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Maersk on the list of biggest environmental polluters

100 companies are responsible for more than 70 percent of industrial emissions of greenhouse gases since 1998, reveals a new investigation. Maersk Group is included on the list of the biggest polluters which is particularly dominated by oil companies.