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.
Entries in Oil Patch Asia (4)
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.
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.
Mexico President Enrique Peña Nieto wants to open the state oil company to private and foreign investment.