ADNOC banned Petrofac from new projects following bribery charges brought against a former executive at the EPC giant
Corruption
Posted inDRILLING & PRODUCTION
Kuwait Oil Company officials referred to prosecution for corruption charges worth $15 mn
Officials charged with ‘negligence and slackness’ in management of projects in North Kuwait
Posted inDRILLING & PRODUCTION
SFO alleges Unaoil agents paid $6mn bribes in Iraq for oil contracts
As the SFO trial began on Thursday, three Unaoil agents faced counts of conspiracy for allegedly bribing South Oil Company
Posted inDRILLING & PRODUCTION
US DOJ closes investigation into Eni’s activities in Nigeria and Algeria
Eni is still on trial in Milan for alleged corruption in Nigeria’s OPL 245 offshore field
Posted inProducts & Services
Former Unaoil executive pleads guilty to corruption in Iraq bribery case, SFO says
This is the first conviction in the SFO’s probe into the company, and three other former employees face a criminal trial in six months
Posted inProducts & Services
Saipem units face probe for alleged corruption in $63.4mn Petrobras contract
The company said that it would cooperate with the ongoing investigation
Posted inDRILLING & PRODUCTION
Petrofac addresses SFO bribery investigation in 2018 financial results
The company reported a 2% drop in its business performance net profit, and a $5.3bn in secured revenue for 2019.