Energy Vault (NYSE:NRGV) has gone public with a listing on the New York Stock Exchange (NYSE), raising $235 million gross.
Switzerland has ordered three SBM subsidiaries to pay 7 million francs ($7.5mn) for failing to prevent bribe paying in Angola, Equatorial Guinea and Nigeria.
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Swiss companies will no longer be able to deduct bribes paid from taxes – as of January 2022.
Trial International has filed a criminal complaint against Kolmar Group with the Office of the Attorney General in Switzerland.
The Office of the Attorney General (OAG) of Switzerland has ordered Gunvor to pay almost 94 million Swiss francs ($94.7mn) for failing to prevent corruption in Congo Brazzaville and Cote d’Ivoire.
Switzerland’s Attorney General said it is investigating Gunvor Group Ltd. on “suspicion of bribery of foreign public officials” in the Republic of Congo, underscoring the energy traders’ legal troubles in the long-running case.
Rethinking the actual energy models, looking forward a network of communities and new ways to share sources: these are the ideas behind the Swiss PROSUME Energy Foundation, founded in Zug, the heart of the Crypto Valley, by professionals with a strong and long-time experience in the energy sector as well as in the blockchain softwares.
Brexit will not affect plans for Ineos to set up UK headquarters once again, according to one of the company's bosses.
Oil and Gas firms trading with EU countries face three possible outcomes if the UK chooses Brexit on 23 June.
Swiss regulators have agreed to provide US prosecutors with records from at least 18 banks relating to Venezuela’s state oil company.
US courts have been good to Jack Grynberg, netting him hundreds of millions of dollars in disputes with some of the world’s largest oil and gas producers since 1984. Despite that fortune, the 83-year-old oilman says he’s fed up with America’s legal system and has taken his biggest suit yet -- a battle over profits from Kazakhstan’s most valuable oil fields -- to Switzerland. Grynberg is suing a consortium led by BP Plc, saying the oil giant backtracked on a 1991 deal promising him 20 percent of the profits from Kazakh fields he helped find. Instead, Grynberg says in the lawsuit that BP cut him out and struck deals directly with the Kazakh government, greased with bribes paid by a CIA agent who was arrested in 2003.