Statoil

(Newser) - European authorities raided the offices of BP, Shell, Statoil, and other companies involved in the oil business yesterday, as part of an investigation into what they suspect is a more than decade-old conspiracy to rig oil prices. The European Commission said it had launched "unannounced inspections" of oil company...

(Newser) - Statoil today evacuated 326 oil rig workers from a North Sea platform after the structure began to tilt, the Norwegian oil company said. A company spokesman said most of the 374 people on the "Floatel Superior" were airlifted by helicopter after one of the floating pontoons started taking on...