NAO

UK Spending Watchdog Declines to Approve Government Accounts in Serious Accountability Issue

27 days ago

The UK’s public spending watchdog, the National Audit Office (NAO), has taken the unprecedented step of refusing to sign off on the government's accounts for the previous financial year. This marks a significant moment in the UK's fiscal governance, raising serious concerns about financial management at the government level.

ExxonMobil Offloads Argentine Shale Oil Assets to Pluspetrol in Strategic Move

2 months ago

In a significant development within the energy sector, ExxonMobil has come to an agreement to divest its shale oil assets located in Argentina to Pluspetrol, a prominent player in the Latin American oil industry. This transaction, valued at approximately $600 million, underscores the shifting dynamics in the global energy market, as companies reevaluate their portfolios amid fluctuating oil prices and varying production capacities.

ExxonMobil Sets Ambitious Plans for Increased Production in Guyana's Stabroek Block

2 months ago

In a bold move to enhance its operations in South America, ExxonMobil has announced plans to significantly ramp up production at its Stabroek Block in Guyana. The multinational oil and gas corporation aims to capitalize on the lucrative prospects that the region presents, following a series of successful exploratory drilling operations that have revealed vast reserves of oil.

Commerzbank’s Orlopp Slated to Join UniCredit: Charting the Path Ahead

3 months ago

Germany's failure to deliver adequate climate assistance to developing countries has fallen short of its pledge and reflects the larger failure of rich countries to make good on their international financial commitments to confront global warming.