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Anadarko tumbles on multi-billion dollar ruling
Shares of Anadarko Petroleum plummeted Friday after a judge ruled that the oil company owes litigants billions due to a fraudulent reorganization designed to avoid environmental liability. ... more
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Russia says Arctic crew cannot leave country: Greenpeace
Russia has denied foreign Greenpeace activists permission to leave the country pending their trial over an Arctic protest, the group said on Friday, some two weeks after they were released on bail. ... more
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Persian Gulf states seek joint military command -- again
On the face of it, the decision by the Arab monarchies of the Persian Gulf to establish a joint military command indicates the six member states of the Gulf Cooperation Council are seeking to bolster their collective security against Iran amid signs of a rapprochement between their regional rival and the U.S.-led Western powers. ... more
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Nigeria's leader under fire over missing $50B in oil money
President Goodluck Jonathan is under growing pressure from top-level corruption in Nigeria's oil industry, with the central bank asking what happened to $50 billion in missing oil revenues and his political mentor, former president Gen. Olusegun Obasanjo complaining about massive fraud in the industry. ... more
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