MEXICO CITY, MEXICO (Fidencio Casillas, Energy Analytics Institute, 13.May.2025, Words: 273) — Petróleos Mexicanos (Pemex) said its recent exclusion from the investment portfolio of the global pension fund of the Norwegian government started in 2014 and for different reasons, including alleged acts of corruption within the company during the 6 […]
Tag: corruption
Norway’s wealth fund sells all its fixed income from Mexico’s Pemex due to corruption risk
OSLO, NORWAY (Reuters, 11.May.2025, Words: 161) — Norway’s wealth fund, the world’s largest, has sold all its fixed income investments in Mexican state oil firm Pemex, it said on Sunday, citing what it called an unacceptable risk that the company is involved in corruption. The fund’s ethics watchdog, the Council […]
Pena Nieto Investigated In Corruption Probe
(Reuters, 19.Feb.2020) — Mexican law enforcement authorities are investigating a former president, Enrique Pena Nieto, as part of an inquiry into corruption, the Wall Street Journal reported on Wednesday. Pena Nieto has become embroiled in the investigation of Emilio Lozoya, the former chief executive of Mexico’s state oil firm Petróleos […]
Ex-Venezuela Oil Official Pleads Guilty In Graft Probe
(AP, 2.Nov.2018) The former finance chief of Venezuela’s state oil company pleaded guilty on Wednesday to participating in an alleged US$1.2-billion embezzlement scheme, a major breakthrough for US prosecutors targeting corruption by people close to President Nicolas Maduro, including his stepsons. Appearing in a Miami federal court, Abraham Ortega promised […]
Gazprombank Says No Role In Venezuela Graft Case
(Reuters, Alexandra Ulmer, 2.Nov.2018) — Russian bank Gazprombank on Friday said it had no role in a Venezuelan corruption case at state energy company PDVSA. Abraham Ortega, a former financial executive at PDVSA, accepted $5 million in bribes to favor a French oil company and a Russian bank, U.S. prosecutors […]
Exclusive: Perenco, Gazprombank Named In Venezuela Graft Case – Source
(Reuters, Alexandra Ulmer, 1.Nov.2018) — Anglo-French oil company Perenco and Russian financial firm Gazprombank have been identified in testimony by a former Venezuelan state oil company official who said he received millions of dollars in bribes in return for giving them preferential treatment, a source with knowledge of the matter […]
Texas Man Pleads Guilty In Ongoing Venezuela Bribery Probe
(The Wall Street Journal, Samuel Rubenfeld, 30.Oct.2018) — U.S. prosecutors said they secured another guilty plea in their ongoing corruption probe of Venezuela’s state-run oil company, Petroleos de Venezuela SA, or PdVSA. Ivan Alexis Guedez, a former PdVSA procurement officer from Katy, Texas, pleaded guilty to a money-laundering conspiracy charge. […]
Petrobras Offers Clarification On ‘Car Wash’ News
(Petrobras, 5.Oct.2018) — Petrobras reports that it received the Official Letter No. 369/2018/CVM/SEP/GEA-1, which requests the following clarification: Official Letter No. 369/2018/CVM/SEP/GEA-1 “Mr. Director, We refer to the news published on 09/28/2018 in Veja magazine, Brazil section, under the title: “CAR WASH – ARMADILLO IN THE HOLE,” which includes the […]
Equinor and Petrobras Sign Brazilian Offshore MOU
(WindPowerOffshore, Craig Richard, 28.Sep.2018) — State-owned oil majors Equinor and Petrobras have signed a three-year memorandum of understanding (MoU) to develop the country’s offshore wind sector. The two companies have already been investigating other potential areas of cooperation, including the development of renewable energy projects, they stated. Petrobras has four […]
New Corruption Scheme Revealed at PDVSA
(Prensa Latina, 19.Sep.2018) — The Public Prosecutor”s Office (MP) has revealed today a new corruption scheme in the state-run Petroleos de Venezuela (PDVSA), which has caused losses of 18,500,000 dollars to the main industry of the country. In a press conference from the MP headquarters in Caracas, Attorney General Tarek […]