Western oil giants had a cash bonanza in their sights when they gathered in the small town of Farnborough, southwest of London, in October 2012. They were rushing to exploit one of the world’s richest and deepest oil fields: the 156-square-mile Tengiz reservoir in western Kazakhstan, more than four times the size of Paris and...
Recommended reading INSIDE STORY About the Caspian Cabals investigation Nov 22, 2024 CASPIAN CABALS Putin’s pipeline: How the Kremlin outmaneuvered Western oil companies to wrest control of vast flows of Kazakhstan’s crude Nov 22, 2024 FAQ Frequently asked questions about the Caspian Cabals investigation Nov 22, 2024
The first day of February 2017 was a good one for Rex Tillerson. That afternoon, the U.S. Senate voted 56-43 to confirm him to be secretary of state. The recently retired ExxonMobil Corp. CEO was sworn in at the White House a few hours later with his wife and President Donald Trump at his side....
The Caspian Cabals investigation reveals how Western oil companies — including Chevron Corp., ExxonMobil Corp., Shell PLC, and Italy’s Eni S.p.A. — ignored bribery risks and massive cost overruns to secure their stake in a critical Kazakhstan-Russia pipeline, then delivered substantial control of it to the Kremlin. Western governments had other things in mind at...
What is the Caspian Cabals investigation? The Caspian Cabals investigation reveals how Western oil giants — including Chevron Corp., ExxonMobil Corp., Shell PLC, and Italy’s Eni S.p.A. — ignored bribery risks and massive cost overruns to secure their stake in a critical Kazakhstan-Russia pipeline, then delivered substantial control of it to the Kremlin. What is...
After denying connections for years, the owner of Canada’s largest pulp and paper company is set to take over a controversial Southeast Asian forestry conglomerate currently owned by his father. According to a notice submitted to the European Commission’s Directorate General for Competition on Nov. 15, Jackson Wijaya, the owner of Canada’s Paper Excellence Group...
The United Kingdom’s government has sanctioned Angolan businesswoman Isabel dos Santos and two of her associates, whose controversial financial dealings were exposed by the International Consortium of Investigative Journalists, accusing the former billionaire of stealing her country’s wealth for her own benefit. In a statement released last week, the U.K.’s foreign secretary said that dos...
On a late August afternoon in 2021 the mooring master made a frantic call to a dispatcher at Russia’s largest port, Novorossiysk. “Stop! Stop! Stop loading tanker Minerva Symphony!” he shouted. But the damage had already been done. A floating platform used to load oil onto the Greek tanker had malfunctioned, unleashing a six-foot-high jet...
A 60-day ceasefire between Israel and Lebanon has gone into effect. Security forces dispersed thousands of protesters in the capital of Pakistan after they marched on the city to demand the release of jailed former Prime Minister Imran Khan. And, President-elect Donald Trump has threatened tariffs against Canada, Mexico and China in a bid to...
92%ers, we are back with another episode of New Heights presented by our friends at NFL Sunday Ticket on YouTube TV. Right now you can get NFL Sunday Ticket for just 89 dollars. Offer ends December 2, Terms and embargoes apply. In this episode, we learn about some brand-new additions to the Kelce universe, a...
A possible 60-day ceasefire is in the works between Israel and Lebanon. President-elect Trump is promising big cuts in government spending and he wants to use a little-known tool to make them. And, a look at what conservative activist Leonard Leo plans to focus on during the next Trump administration. Want more comprehensive analysis of...
