ExxonMobil is legally challenging a $2m fine from the US Treasury for allegedly violating sanctions against Russia in 2014 while US Secretary of State Rex Tillerson was still overseeing the company.
The western Canada utility has partnered with SAP Ariba in eliminating inefficiencies from its supply chain.
The major oil producers have agreed a further reining-in of production in a bid to push the price higher.
Emerging markets offer “a world of opportunity”, but delegates at the recent ACT Conference heard from treasurers whose companies operate in regions such as Africa about the challenges they also present.
After publicly debuting in the financial domain, blockchain technology is garnering incredible attention for its applicability across sectors and shows a particular ... read more
The Anglo-Dutch multinational oil and gas giant concedes that they knew money paid as part of a Nigerian oil deal would go to Dan Etete, who was found guilty of money laundering.
The distributed ledger platform developed by the trio allows major steps in a crude oil transaction to be digitised on the blockchain.
Plans to lessen the kingdom state’s reliance on oil exports could prove too great a challenge for the government, suggests Fitch Ratings.
ING and Société Générale are both reported to be in discussions with commodities traders over LNG trading on a blockchain enabled with smart contracts.
Growth prospects for the year ahead are modest, but a recovery in commodity prices and major infrastructure spending plans are lifting the region’s major economies out of recession.