Oil | Egypt Oil & Gas - Part 85
Oil Service Company Schlumberger Fined More Than $200 Million By US
The U.S. Justice Department said on Wednesday that a subsidiary of Schlumberger Oilfield Holdings had pleaded guilty to violating U.S. sanctions related to Iran and Sudan and would pay a $237.2 million fine.
Ukraine Update – Oil Tycoon Kolomoisky Fire From Political Post
Ukraine's president fired powerful tycoon Ihor Kolomoisky as a regional governor on Wednesday in a risky move that could affect the internal balance of power and Kiev's fight against Moscow-backed separatists.
Ukraine Struggles With Gun Control to Protect Oil Industry
Ukraine may cancel gun licenses for some security operators after billionaire Igor Kolomoisky’s private guards took control of the headquarters of the country’s oil pipeline operator last week.
East’s Bid to Control Libya Oil Wealth Is Not Looking Promising
Libya's official government, operating out of hotels in the east after being driven from the capital, is unlikely to succeed in plans announced last week to divert the country's oil export income away from Tripoli.
Oman Oil Executive Found Guilty in Anti-Corruption Campaign
The chief executive officer of Oman Oil Company has been sentenced to 23 years in jail in a landmark case that found that Ahmad Al-Wahibi accepted a bribe of $8 million from Korea-based firm LGI, a report said.
China Cracking Down on Petroleum Corruption
Chinese prosecutors on Monday charged a former senior energy executive with bribery, abuse of power and other corrupt practices, the latest official to face court in a sweeping crackdown on corruption.
Smuggled Libya Gas Sparks Conflict
Smugglers selling Libya’s heavily subsidized gasoline and diesel abroad at jacked-up prices are likely using at least some of the profit to finance fighting between the country’s rival governments, according to a U.N ...
Brent Price Falls on Expectations of Higher Supplies from OPEC, US
Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States.
