Oman’s national oil company Petroleum Development Oman (PDO) warned nearly 200 executives from 140 contractor firms they face being blacklisted if they fail to comply with stringent policies on anti-bribery and corruption.… Continue Reading
Posts Tagged: Oil Patch Asia
Tullow Oil declared force majeure on its offshore exploration block in Guinea following the disclosure that its partner, U.S.-based Hyperdynamics Corporation, is under investigation by the DOJ and SEC for possible violations of the Foreign Corrupt Practices Act.… Continue Reading
Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.
Alberto Chiarini has been appointed Chief Financial and Compliance Officer.… Continue Reading