Search results for: FCPA

328 results

A list of search results

  • 30 November 2017
    Business & Finance

    Netherlands-based SBM Offshore and its US subsidiary have agreed to resolve criminal charges involving bribes in five countries and pay a criminal penalty of USD 238 million. According to the US Department of Justice, the penalty was set in connection with schemes involving the bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq […]

  • 9 February 2017

    The U.S. Department of Justice has completed its corruption investigation of the Houston-based oil company Cobalt International Energy leaving the company in the clear.  Cobalt informed on Thursday the company has received a letter from the DOJ saying the department has closed its Foreign Corrupt Practices Act (FCPA) investigation into Cobalt’s operations in Angola. The FCPA […]

  • 27 May 2015

    The U.S. Department of Justice has concluded its investigation into possible violations by Hyperdynamics of the Foreign Corrupt Practices Act (FCPA) in Guinea. The DoJ did not bring any charges against the oil company. Ray Leonard, President and CEO, commented, “This is an important development for Hyperdynamics. We are extremely pleased to be informed that the […]

  • 20 November 2018
    Exploration & Production

    Offshore drilling company Vantage Drilling has agreed to pay a settlement fee and resolve the SEC’s investigation into a potential bribery case related to a drillship deal with Petrobras.

  • 8 December 2010
    Business & Finance

    Pride International, Inc. announced that it completed its settlement with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) of outstanding U.S. Foreign Corrupt Practices Act (FCPA) matters that were voluntarily and promptly self-reported to the DOJ and the SEC in February 2006 after they were discovered in an internal review. […]

  • 17 June 2016

    Texas resident Roberto Enrique Rincon Fernandez, the owner of multiple U.S.-based energy companies pleaded guilty on Thursday to foreign bribery and tax charges for his role in a scheme to corruptly secure energy contracts from Venezuela’s state-run energy firm, Petroleos de Venezuela S.A. (PDVSA). According to the U.S. Department of Justice, Rincon, 55, of The […]

  • 28 July 2017

    Oilfield services giant Halliburton has agreed to pay $29.3 million for violation of U.S. foreign corrupt practices laws in relation to its business in Angola. The Securities and Exchange Commission said on Thursday Halliburton was charged for violating the books and records and internal accounting controls provisions of the Foreign Corrupt Practices Act (FCPA) while […]

  • 5 May 2014
    Business & Finance, Project & Tenders

    Hyperdynamics Corporation today announced that Tullow Guinea Limited provided notice to the Government of Guinea and the other members of the Consortium that Tullow has lifted, with effect from 3 May 2014, its declaration of Force Majeure under the Production Sharing Contract (PSC) and the Joint Operating Agreement. Diligent efforts are being made to satisfy […]

  • 29 January 2015

    The SEC has terminated its investigation into Cobalt’s alleged involvement in a bribery case in Angola.

  • 26 June 2019
    Business & Finance, Operations & Maintenance, Project & Tenders

    TechnipFMC has agreed to resolutions with the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC) staff and the Brazilian authorities to resolve anti-corruption investigations in Brazil and relating to the intermediary, Unaoil. The company has agreed to pay a total of $301.3 million to these authorities to resolve investigations into conduct […]

  • 26 June 2019
    Business & Finance

    Oilfield services company TechnipFMC has agreed to pay $301.3 million to the U.S. and Brazilian authorities to resolve anti-corruption investigations in Brazil and relating to the intermediary, Unaoil.

  • 26 November 2019
    Business & Finance

    Samsung Heavy Industries made “corrupt bribe payments” to win drillship contract.

  • 30 November 2017
    Infrastructure

    SBM Offshore USA, a subsidiary of world’s largest FPSO provider SBM Offshore, has pleaded guilty for charges of bribing foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan and Iraq in violation of the Foreign Corrupt Practices Act (FCPA). The U.S. Department of Justice said on Thursday that the Dutch FPSO specialist SBM Offshore would pay […]

  • 17 February 2011

      KBR announced that its wholly-owned subsidiary, M.W. Kellogg Limited reached civil settlement with the UK Serious Fraud Office. The agreement was granted by the High Court under the Proceeds of Crime Act 2002 and stems from KBR’s violations under the Foreign Corrupt Practices Act occurring between 1994 and 2004, prior to KBR becoming an […]

  • 17 August 2017
    Exploration & Production

    Offshore drilling contractor Vantage Drilling International said on Wednesday an investigation into the company’s possible violations of the Foreign Corrupt Practices Act regarding alleged improper payment in Brazil had been completed. The company said it had received a letter from the United States Department of Justice  acknowledging Vantage’s full cooperation in the DOJ’s investigation concerning […]

  • 26 December 2017

    Keppel Offshore & Marine (KOM) will pay fines totaling $422 million to three jurisdictions to resolve charges arising out of a decade-long scheme to pay millions of dollars in bribes to officials in Brazil. 

  • 26 April 2012

    KBR announced today that its first quarter 2012 net income was $91 million, or $0.61 per diluted share, compared to net income of $105 million, or $0.69 per diluted share, in the first quarter of 2011. Consolidated revenue in the first quarter 2012 was $2.0 billion compared to $2.3 billion in the first quarter of […]

  • 1 October 2018
    Infrastructure

    SBM Offshore’s former CEO Tony Mace has been sentenced to three years in prison for his involvement in an international bribery conspiracy.

  • 26 November 2019
    Exploration & Production

    Samsung Heavy Industries paid millions of dollars to a Brazilian intermediary to secure a drillship sale contract

  • 27 July 2018
    Business & Finance

    SBM Offshore and SBM Holding Inc. signed a leniency agreement with the Brazilian authorities and Petrobras.

  • 25 December 2017
    Business & Finance

    Keppel Offshore & Marine (KOM) has agreed to pay a penalty of more than USD 422 million to resolve bribery charges.

  • 27 September 2018

    Brazilian oil giant Petrobras has reached non-prosecution settlements with the U.S. and Brazilian authorities, agreeing to pay a combined total of $853.2 million in penalties to resolve the U.S. authorities’ investigation into violations of the Foreign Corrupt Practices Act (FCPA).