24th January 2017
The fraud squad has today secured a property freezing order worth over £4m. Read More
17th January 2017
The fraud squad's investigation into Soma Oil & Gas set it back almost £60,000. Read More
20th December 2016
The Ministry of Petroleum and Mineral Resources welcomes the UK’s Serious Fraud Office (SFO) decision to close their investigation on Soma Oil & Gas Exploration Limited (SOMA). The allegation was that payments made by Soma to the Somali government were used to bribe officials. The accusation of corruption by the… Read More
6th December 2016
DRC: Israeli billionaire Dan Gertler probed by UK Serious Fraud Office over mining deals. Read More
9th November 2016
The pummelling for risk-on asset classes generally and equities in particular that we saw post-Brexit serve as a timely reminder and potential template for a Trump White House. But what does this mean for the commodity markets and oil in particular? Read More
20th October 2016
The ruble retreated for the first day in three as oil dropped and the European Union weighed penalties against the recession-hit nation over its conduct in Syria’s civil war. The Russian currency weakened 0.3 percent to 62.4625 against the dollar by 1:33 p.m. in Moscow. The benchmark Micex equity gauge… Read More
18th October 2016
Iran’s October crude and condensate exports are set to hold near five-year highs hit in September, a source with knowledge of its preliminary tanker schedule said, reflecting Tehran’s success in boosting shipments after Western sanctions were lifted. The No. 3 OPEC producer is producing around 4.5 million barrels per day… Read More
6th October 2016
Iran’s state-owned oil company sold condensate to BP Plc for the first time since sanctions were lifted in January, marking the country’s re-emergence as one of the world’s top suppliers of crude oil and natural gas liquids. National Iranian Oil Co. will supply South Pars condensate to BP for loading… Read More
15th September 2016
Brazilian federal investigators have charged former president Luiz Inacio Lula da Silva with money laundering and corruption. The charges are in connection with a sprawling corruption investigation at state-run oil giant Petrobras. Silva, his wife and five others are accused of illegally benefiting from renovations at a beachfront apartment in… Read More
24th August 2016
Two Australian companies are being investigated over alleged bribery scandals linked to the presidents of Sri Lanka and the Congo, after the firms sought to secure multi-million dollar contracts in those countries. A Fairfax Media and 7.30 investigation can reveal Perth’s Sundance Resources is implicated in an alleged bribery plot… Read More