DoJ sues for bid rigging on government land leases

Thursday, 16 February 2012

The DoJ has fined the companies for bid rigging
The US Department of Justice has for the first time sued oil and gas companies for allegedly rigging bids on mineral rights leases sold by the US Bureau of Land Management.

Record fine for Romanian oil companies

Tuesday, 10 January 2012

Romania issues highest ever fines
Romania’s Competition Council has fined four oil companies a record 880 million lei (€257 million) for an illegal agreement with four other companies.

Oil company gives up on Latin America expansion

Monday, 07 November 2011

Oil company abandons buyout
Argentine oil company Bridas has dropped its bid to buy BP’s 60 per cent stake in Pan American Energy, saying it was unable to gain a ruling on the deal from Argentina’s National Commission for the Defence of Competition (CNDC).

Divestments mean green light for offshore pipe merger

Thursday, 18 August 2011

The OFT focused on North Sea operations
The UK’s Office of Fair Trading (OFT) has approved a three-to-two merger between oil and gas engineering companies Acergy and SubSea 7, after the companies agreed to divest one of Acergy’s assets to a rival.

FTC opens probe of US petrol market

Wednesday, 22 June 2011

The US Federal Trade Commission has launched a formal antitrust investigation of the petroleum industry to determine whether anti-competitive conduct has led to drastic hikes in US petroleum prices, and profit margins for producers.

Oil rivals agree to merger-of-equals

Premium Article - Thursday, 24 February 2011

Two Texas-based antitrust teams have taken the lead for oil companies Holly Corporation and Frontier Oil as they wind their way through a regulatory review of their multi-billion dollar merger.

FAS launches third oil price fixing investigation

Premium Article - Thursday, 10 February 2011

Oil Barrels
Russia’s Federal Antimonopoly Service (FAS) announced yesterday it is investigating three of the country’s five largest oil companies over alleged price fixing on domestic diesel and aviation fuel.

US court dismisses OPEC class action

Premium Article - Thursday, 10 February 2011

An appeals court ruling has scotched attempts by US citizens to file class actions against foreign national oil companies. 

CCI blocked from pursuing oil probe

Premium Article - Monday, 24 January 2011

India's Competition Commission (CCI) has accepted an order from Delhi’s High Court to stay an investigation of three state-owned oil companies on jurisdictional grounds.

Rosneft agrees settlement with FAS

Premium Article - Monday, 29 November 2010

Russian oil giant Rosneft has withdrawn its appeal against a Federal Antimonopoly Service (FAS) fine for alleged abuse of dominance in the petroleum industry.

FAS prevails in two cases against Lukoil

Premium Article - Monday, 08 November 2010

Russia’s Supreme Commercial Court has overturned a lower court decision, reinstating a Federal Antimonopoly Service fine against oil company Lukoil. It also extended the time available to the FAS to bring proceedings against the company.

Court slashes TNK-BP penalty

Premium Article - Tuesday, 02 November 2010

Russia’s Eighth Arbitration and Appeals Court in Omsk has reduced oil producer TNK-BP’s antitrust fine for alleged abuse of dominance in the Russian petrol market by almost 75 per cent.

Baker Hughes divests to seal BJ Services deal

Premium Article - Thursday, 26 August 2010

US oil field services company Baker Hughes has gained final antitrust approval to sell two of its sand-removal vessels and other related assets in the Gulf of Mexico.

BP/Apache deal unlikely to raise concerns in Canada

Premium Article - Thursday, 22 July 2010

BP looking to divest US$10 billion in assets
In an attempt to shore up funding to rectify the Deepwater Horizon oil spill in the Gulf of Mexico, British Petroleum (BP) has struck a deal to sell off US$7 billion in assets in a series of deals that will require antitrust review in the US and Canada.

Antitrust tension grows in Indian fuel market

Premium Article - Friday, 16 July 2010

India’s Competition Commission has received a complaint from industrial enterprise Reliance Industries over alleged cartel activity by state-owned oil companies in the aviation fuel market.

Back to top

Law Business Research Ltd

87 Lancaster Road, London
W11 1QQ, UK
Queen's Award logo International Bar Association logo American Bar Association strategic partner logo

Copyright © 2012 Law Business Research Ltd. All rights reserved. | http://www.lbresearch.com

87 Lancaster Road, London, W11 1QQ, UK | Tel: +44 207 908 1188 / Fax: +44 207 229 6910

http://www.globalcompetitionreview.com | editorial@globalcompetitionreview.com