Statoil CEO resigns in wake of corruption allegations

09/29/2003
The board of Norway's Statoil ASA and Statoil Pres. and CEO Olav Fjell Sept. 23 jointly reported that Fjell will resign in the wake of the corruption allegations involving Statoil's dealings with Horton Investment, an Iranian firm. Chairman Leif Terje Løddesøl also resigned. Meanwhile, Inge K. Hansen, now serving as Statoil's chief financial officer, was named the company's acting CEO.In addition, Statoil hired Ernst & Young Global to review all existing consultancy agreements for international business development.On Sept. 22, Statoil's board met to obtain more details regarding the consultancy agreement on business development in Iran.The Norwegian National...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected