Major FIFA sponsors came out with statements of concern after the arrests of officials and ex-officials from the global soccer governing body as well as various marketing executives. Visa was particularly strong in calling on FIFA to take “immediate steps” to clean itself up. “Should FIFA fail to do so, we have informed them that we will reassess our… Keep reading →
In a one-day trial before the Intermediate People’s Court in Hanjiang early this week, Jiang Jiemin, who once headed up China’s biggest oil company, admitted to corruption. And boy was he sorry. “I relaxed my self-restraint. I betrayed principles and gravely violated the party’s rules and state laws, causing losses for the country that cannot… Keep reading →
Ed. note: This is a weekly column by Elie Mystal, Managing Editor of Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. UNDER-REGULATED The Mississippi River: The Mississippi river blew up yesterday. Okay, that’s not entirely accurate. A gas pipeline exploded… Keep reading →
There is a saying in Brazil, “he who steals a little is a thief but he who steals a lot is a baron.” Apparently, executives at Brazilian oil giant Petrobras were stealing a lot. Corruption charges are turning the company upside down as investigators unravel kickback schemes and inflated construction budgets that involved some of the country’s largest firms.… Keep reading →
Ed. note: This is a new weekly column by Elie Mystal, Managing Editor of http://www.atlredline.com Above the Law Redline. This space will focus on the laws that exist, should exist, and should be put out of their misery. OVER-REGULATED Gaseous Emissions: The Bureau of Land Management is trying to figure out whether to tax the venting and… Keep reading →
US military veterans are often a great fit for oil & gas industry jobs and Pennsylvania has developed numerous programs to help make that connection. “The traits that the military imparts on the men and women — loyalty, courage, safety, commitment, leadership, teamwork — are all valued by employers in this industry,” said Dave Pistner,… Keep reading →
The incredible oil production growth coming from the Bakken Shale formation – from 200,000 barrels per day to 1 million b/d in 5 years – has also brought significant volumes of associated natural gas to the surface. With oil trading at higher prices than those currently paid for natural gas, infrastructure needed to bring that… Keep reading →
Italian oil and gas giant Eni’s CEO Paolo Scaroni was reportedly sentenced to 3 years in prison by a court in the north-eastern town of Rovigo on pollution charges stemming from his stint at the helm of Italian utility Enel. Apparently the Porto Tolle power plant was not in compliance with environmental regulations during Scaroni’s… Keep reading →
In one of the better pieces dealing with European gas supply issues associated with the Russia-Ukraine political crisis, this article cites a recent study published by the Oxford Institute for Energy Studies which pinpoints Ukrainian fiscal instability as the most likely cause of a European gas supply disruption. “The difficulties that Naftogaz Ukrainy is having,… Keep reading →
Towards Understanding How Corruption Impacts the Quality of Electricity Supply to End-Users in Emerging and Developing Economies This article provides a synopsis of a paper submitted to the IAEE/USAEE Best Student Paper Award Competition. On average, a fourth of all electricity produced in low-income countries was lost during transmission and distribution in the year 2000,… Keep reading →
