The energy sector is a massive portion of the world’s economy, dealing mainly in petroleum – including upstream (exploration, development and production of crude oil or natural gas) and downstream (oil tankers, refiners, retailers and consumers) pipeline. As a raw material, petroleum is used for a number of chemical products, including pharmaceuticals, fertilisers, pesticides, solvents, and plastics.

With so much at stake in terms of money and resources, it should be no surprise that the oil and gas industry is also rife with fraud risks. Much of this criminal activity concerns investment scams. Whether limited partnerships, complex lease agreements, and general partnerships, fraudsters will seek to find vulnerable targets. Oil and gas investment schemes often use telemarketing boiler rooms and email promotions to find investors to dupe. They are con artists who use high-pressure sales techniques to squeeze hard earned dollars from unwary investors.

CRI Group’s commercial investigation agents know the red flags of oil and gas fraud schemes. Our team will conduct thorough due diligence for every investment opportunity so that investors will understand the true nature of the investment and go into a transaction with a full set of facts. Large, reputational oil and gas organisations are also at risk – from contractors, prospectors, and any fraudster looking to take advantage of vulnerabilities. Let our team of Certified Fraud Examiners (CFEs) conduct a full fraud risk assessment and implement necessary safeguards to help prevent fraud.

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Pakistan Oil and Gas concern KPOGCL engages CRI Group’s Anti-Bribery Certification

Emerging provincial exploration and production company signs on for ISO 37001:2016 ABMS standard Corporate Research and Investigations Private Ltd. (CRI Group) announced that KPOGCL, a nascent oil and gas exploration and production corporation in Pakistan, has engaged its CRI Certification services to achieve the ISO 37001 Anti-Bribery Management System Standard certification. London-based CRI Group is […]

Anti-Bribery & Anti-Corruption Summit 2019

CRI Group’s Third Anti-Bribery Anti-Corruption Summit in Pakistan – the region’s paramount forum on Anti-Bribery and Anti-Corruption, providing participants with advanced and real-world practical insights on innovations on compliance, best-practice risk mitigation strategies, and updates on the ever-changing, fast-evolving anti-corruption landscape in Pakistan and worldwide. This Summit brings together industry experts from the public and […]

Is your third-party risk management strategy efficient enough?

A business owner knows that one cannot produce a complete set of products and services to offer to their customers. Still, the need exists for having as many complementary products, or services, besides the main thing your company offers, in order to keep a client satisfied. Today, people will look for that particular company that […]