Statoil name successor to Olav Fjell

Norway's biggest oil producer, Statoil, has named Helge Lund as its chief executive, almost six months after corruption allegations forced three top Statoil officials to step down.

Lund, 42, succeeds Olav Fjell who left the company last September after Norwegian police began examining whether the company had used a consulting contract to bribe Iranian officials and gain business.