corruption | Egypt Oil & Gas
New Petrobras’ CEO to Recover Company’s Credibility
The new president of Brazil’s state oil company Petrobras, Pedro Parente, said on June 2nd during his swearing in ceremony, that in order to improve the company’s performance, the oil giant needs to restore its credib...
Illicit Waste Disposal Probes Unlikely to Harm Eni’s Earnings
The shutdown of Europe’s largest onshore oil field in Italy over alleged illicit waste disposal at a nearby treatment plant will probably only have a “negligible” effect on Eni’s earnings, according to an analys...
Shell Under Investigation With Eni Over Nigerian Offshore Oil Deal
Italian prosecutors are investigating Royal Dutch Shell’s involvement in a Nigerian oil deal, drawing the oil company into a corruption probe over the acquisition of an offshore field in the African country in 2011. T...
Nigeria’s State Oil Company Withheld $16b in 2014
Nigeria’s Auditor General has denounced that Nigerian National Petroleum Corporation (NNPC) withheld $16b in revenues from the federal government in 2014, the same year that the then Central Bank Governor was su...
Peruvian President Investigated in Brazilian Petrobras Probe
Brazilian police, investigating a massive kickback scheme at the Brazilian state-run oil company, Petrobras, are now looking closely at Peruvian President, Ollanta Humala, and a former Argentinian Transportation Minis...
Algerian Court Issues Jail Sentences in Sonatrach Case
A verdict was reached in the high-profile corruption trial of former executives at Algeria’s state energy giant, Sonatrach. Six officials were handed between five to six years of jail sentences, including a form...
Nigeria to Boost Profitability in UAE as it Fights Oil Corruption at Home
Alpha Group of Companies Chairman/CEO Sheikh Mohamed Bayorh and senior executives from leading prominent companies in UAE welcomed the Nigerian Minister of State Petroleum Resources, Honorable Emmanuel Kachikwu this w...
Brazil’s Oil Union Strikes over Asset Sales, Slashed Investments
Brazil’s oil-workers’ union began a strike on November 1, protesting asset sales and cuts in investment on the part of Petroleo Brasileiro SA, the nation’s state-owned oil company, which is seeking t...
