Month: May 2017

Breaking news: CEO of Petrofac Suspended Over Fraud claims

CEO of Petrofac Suspended Over Fraud claims The Serious Fraud Office (SFO) announced earlier this month that it is investigating the firm’s activities under suspicion of As a result, Petrofac said on Thursday that Mr Chedid and chief executive Ayman Asfari had been arrested by the SFO and later released without charge. Mr Chedid has […]

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Price Changed Business model in Oil exploration

Price Changed business model in oil exploration activities Kosmos Energy’s Oceanic Endeavour is in an increasingly rare exploration job working in about 30 miles from the tropical West African island nation of São Tomé and Príncipe, mapping the deep swath of the Atlantic Ocean floor on an increasingly rare mission: to make the next big

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Trump Visit, US companies Signs big deals over $300 Billion

Trump Visit, US companies Signs big deals over $300 Billion Beyond oil Saudi Arabia is trying to invest to take care of such era, this happened during a visit by US president Donald Trump to the country, Saudi Arabia signed tens of billions of Dollars of deals reports Reuters. National oil firm Saudi Aramco said

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