Nigeria's anti-corruption body seized $9.8m in cash from the former Head of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, as part of the country's continuous struggle against corruption.
The new president of Petrobras, Pedro Parente, said during his swearing in ceremony that to improve the company’s performance, the oil giant needs to restore its credibility and recover its economic, financial and so ...
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 earnings.
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 Auditor-General has denounced that Nigerian National Petroleum Corporation (NNPC) withheld $16 billion in revenues from the federal government in 2014.
Brazilian police, investigating a massive kickback scheme at state-run oil company Petrobras, are now looking closely at Peruvian President Ollanta Humala, suspected of having received $3m in bribes.
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 former vi ...
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 ...
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 to reduce its enor ...
Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced that seven men have been jailed for 10 years after being arrested with nearly 1,500 tonnes of contraband petrol, the Business Standard reported.