Insider trading case hits Norwegian oil sector

Three employees have been charged by the Norwegian financial police for insider trading ahead of a major oil discovery.

Photo: Marit Hommedal - Statoil

The Norwegian financial crime division has charged three individuals in relation to a case of insider trading, reports media

The prosecutors believe that two of the three individuals, ahead of the announcement of a major oil discovery in the Pil field in the Norwegian Sea, traded shares in a manner that ensured them a financial benefit on the basis of information that had yet to be made public. The two traders were not employed by the company that made the discovery. The third individual charged was employed at the exploration company's Norwegian subsidiary.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs