All oil and gas articles
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ArticleWhy OCC ‘Fair Access’ proposed rule is a win-lose
How can true cooperation be achieved when the solution being proposed is essentially to pit high-risk, controversial banking customers against the banks with which they want to do business, wonders Jaclyn Jaeger.
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ArticleSAExploration accused of $100M accounting fraud
SAExploration Holdings has been accused by the SEC of perpetrating a $100 million accounting fraud that involved routing payments through shell companies so it appeared to be legitimate revenue.
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Blog
Groups call for expulsion of Exxon and Chevron from anti-corruption group
U.S civil society organizations are demanding that Exxon and Chevron have their membership in the Extractive Industries Transparency Initiative Board revoked for actions that “constitute violations of the Code of Conduct."
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Blog
API President Jack Gerard to step down in August
After 10 years running one of Washington’s most influential associations covering the oil and natural gas sector, American Petroleum Institute President and CEO Jack Gerard has announced he will step down when his current contract ends in August 2018.
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Blog
SEC Nixes Proposed Deadline for Extractive Payments Rule
The deadline demanded by Oxfam America for a final rule requiring oil, gas, and mining companies to disclose payments made to foreign governments is “unachievable,” the SEC said in a recent legal brief. The brief is the Commission’s final word in a lawsuit Oxfam America filed in 2014 over delays ...
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Blog
Companies Lack Transparency on Foreign Operations, Report Says
The world’s largest companies don’t disclose much information about operations outside their home country and are often tight-lipped about anticorruption efforts, says a new report from Transparency International. The lack of granularity, it adds, will leave the largest oil, gas, and mining companies ill-prepared for forthcoming rules from the European ...