Here’s an oil-exporting country that is leveraging the current low oil prices to eliminate subsidies. While this may prove challenging when prices increase again, they are at least making an effort. The smoothness of this… Malaysia’s Reckless Move to Eliminate Fuel Subsidies Amid Low Oil Prices
Page 24 of OECD foreign bribery report The OECD has released a new report on corruption. This document serves as a useful guide for those looking to uncover scandal stories. According to the OECD, state-owned… Corruption’s Deep Roots in State Enterprises Reveal Systemic Failures in Governance
This week, I stumbled upon a curious securities filing from US Oil Sands Inc. dating back to 2012. It contains an intriguing detail: There’s nothing strange about investment companies buying shares in an oil firm.… Shocking Revelations about Pacific Rubiales and Derwick Associates Unveil Corporate Conflicts and Misleading Filings
Reuters reported yesterday: Venezuela’s state-owned oil company PDVSA is leveraging the sale of its Citgo Petroleum Corp refining assets to obstruct ConocoPhillips from obtaining a pending arbitration award, as stated by the U.S. oil firm… ConocoPhillips Accuses PDVSA of Manipulating Citgo Sale to Evade Financial Liabilities
Taken without permission from Photobucket. Click for original. In July, Venezuelan General Hugo “Pollo” Carvajal arrived in Aruba by plane to assume his new role as a diplomat in the Caribbean island nation. Instead of… The Mysterious Journey of N9GY Raises Serious Questions About Diplomatic Cover-ups
To be completely honest, friends, I didn’t see this coming—probably a result of shedding the paranoia that nearly all Venezuelans wear like a second skin. I thought I was safe in central London. That was… Chavismo extiende sus garras hasta Londres con el asalto a una bloguera en plena luz del día
In Chile, authorities have detained Cristian Labbé, former mayor of Providencia, on accusations of conspiring to kidnap and murder individuals during General Augusto Pinochet’s military dictatorship. Labbé, who served as Pinochet’s bodyguard, was allegedly involved… Former Pinochet Bodyguard Cristian Labbé Detained for Alleged Crimes Against Humanity in Chile
In a decision that surprised few, a tribunal at the World Court’s International Centre for the Settlement of Investment Disputes ruled that Venezuela is responsible for expropriating ExxonMobil’s Cerro Negro heavy oil project, along with… Venezuela’s Debt to ExxonMobil Signals Ongoing Economic Mismanagement and Legal Failures
You might consider attending Harvard to learn from Francisco Monaldi. You could hire Daniel Kerner from Eurasia Group for a hefty fee. Or you might spend months waiting for a meeting with Ali Moshiri from… The Oil and Gas Industry’s Critical Insights on Argentina and Venezuela Remain Ignored Despite Expert Voices
ALFA, a major Mexican conglomerate, announced in May that it had acquired 31,437,700 shares of Pacific Rubiales Energy Corp. (PRE.to), representing 10% of the company. This purchase was made at $18.43 per share, which was… Alfa’s Risky Financial Gamble with Pacific Rubiales Energy Exposes Major Losses
As of December 31, 2013, PDVSA, Venezuela’s national oil company, was dealing with $2.12 billion in “other legal claims,” in addition to the ongoing arbitration cases by Gulmar/Kaplan, ConocoPhillips Petrozuata, and Mobil Cerro Negro. This… Venezuela’s PDVSA Faces Over $6 billion in Questionable Legal Claims Amid Financial Chaos
Do readers remember Adam Kaufmann? The former prosecutor from the New York District Attorney’s Office and lawyer for Derwick Associates, who officially stated in the Wall Street Journal, “We are a transparent company and have… Derwick Associates Exposed for Allegedly Embezzling $70 Million in Astounding Daylight Theft
I attended the 1992 Earth Summit. There I was, among a sea of tents, surrounded by a swarm of NGO thinkers, wheeling my bicycle around, sporting my purple dance tights which clearly set me apart… Venezuela’s Obstruction of UN Climate Initiatives Exposes Global Hypocrisy
Check out this excellent summary of the climate change discussion happening in the US Congress. As mentioned, the significant climate marches on Sunday were only necessary due to widespread ignorance. I recently found an old… The Energy Industry’s Deception Leaves Us Blinded to the True Cost of Climate Change
A new twist in the assault on independent media in chavista Venezuela: executives from the Spanish company (Epalisticia) after buying El Universal will be sued in Panama for document forgery. For those who haven’t closely… Spanish Company Accused of Document Forgery in Panama Following El Universal Acquisition