All Oil articles – Page 4
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Article
ExxonMobil general counsel to retire
Randall Ebner, vice president and general counsel for Exxon Mobil Corp., announced his retirement, effective Nov. 1. The ExxonMobil board of directors has elected Deputy General Counsel Craig Morford as his replacement.
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ArticleSFO secures two Unaoil convictions, but judge critical of director
Following a four-year investigation, the U.K. Serious Fraud Office has secured convictions against two former Unaoil executives for bribes made to win oil services contracts in Iraq, although the presiding judge ordered a review into how SFO Director Lisa Osofsky led the case.
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ArticleAnalysis: Oil collapse leaves Singapore traders scrambling
Recent fraud complaints at oil traders in Singapore highlight the risks in the international business of commodity finance, where high prices provide high rewards and low prices can leave lenders exposed.
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ArticleAnalysis: Lessons from a Singapore oil tycoon in the time of coronavirus
When the tide of coronavirus went out on the oil industry, it revealed a mountain of hidden debt for OK Lim’s oil trading company, which reminds financial crime expert Martin Woods of an old saying from Warren Buffet.
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ArticleEni to pay $24.5M to resolve FCPA charges
Italian oil company Eni will pay $24.5 million to settle SEC charges that it violated the Foreign Corrupt Practices Act with regard to the award of certain contracts to its former subsidiary Saipem in Algeria.
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ArticleEni, SEC in ‘advanced discussions’ on corruption probe resolution
Italian oil company Eni said in a recent regulatory filing it is in “advanced discussions” regarding a resolution to an SEC probe into allegations of corruption for the award of certain contracts in Algeria.
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ArticleOil and natural gas industry seeks compliance break amid pandemic
The American Petroleum Institute in a letter to President Trump requested that the administration temporarily waive non-essential compliance obligations and provide timely guidance to critical infrastructure personnel amid the coronavirus pandemic.
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ArticleCitgo appoints new CECO amid misconduct review
Citgo announced the appointment of Jack Lynch as the company’s new chief ethics and compliance officer amid an internal probe into allegations of misconduct under prior management.
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ArticleUnaoil execs plead guilty for roles in global bribery scheme
The former CEO and chief operations officer of Monaco-based Unaoil have pleaded guilty for their roles in a scheme to corruptly facilitate millions of dollars in bribe payments to officials in multiple countries.
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ArticleExxonMobil governance as toxic as carbon footprint
The fact that ExxonMobil continues to think only about its bottom line and is indifferent toward the devastating global consequences of its actions demonstrates a corporate culture with no moral compass.
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