The Local Switzerland

Swiss firm plundered Congo oil rents: NGO

Wed, 04 Mar 2015 23:51:18 +0100

An NGO has accused a Swiss trading firm of misappropriating oil rents from the Republic of the Congo thanks to an exclusive contract with a refinery managed by the son of the African state's leader.

Saudi king's death 'will not change oil policy'

Fri, 23 Jan 2015 12:11:00 +0100

The chief economist of the International Energy Agency said in Davos on Friday that there would be no "significant" changes to Saudi oil policy following the death of King Abdullah.

Switzerland ramps up sanctions on Iran

Thu, 05 Jul 2012 17:30:00 +0200

Switzerland announced tougher sanctions against Iran on Thursday but refused to implement an outright ban on oil imports "for policy reasons".

Iran dodges oil embargo using Swiss office: report

Thu, 23 Feb 2012 12:43:00 +0100

Iran’s state-owned oil company, Naftiran Intertrade Company (Nico), may be able to get around EU sanctions by continuing to trade from an office in the canton of Vaud, according to a Swiss media report.

Swiss Transocean posts $71 million loss

Thu, 03 Nov 2011 10:25:00 +0100

Swiss offshore drilling group Transocean on Wednesday posted a $71 million loss in the third quarter.

US sues Transocean for blocking oil spill probe

Thu, 13 Oct 2011 14:08:00 +0200

The US government sued offshore drilling group Transocean on Wednesday for blocking an investigation into the cause of the giant 2010 oil disaster off the coast of Louisiana.