Houston-based Parker Drilling Company resolved Foreign Corrupt Practices Act charges Tuesday for bribes paid to Nigerian officials through an agent to circumvent customs and tax laws.
Entries in Nigeria (196)
Former Zambian leader Rupiah Banda has been arrested and charged with abuse of power over a controversial oil deal.
Houston-based KBR said in an SEC filing this week that its compliance monitor 'has certified that KBR's current anti-corruption compliance program is appropriately designed and implemented to ensure compliance with the FCPA and other applicable anti-corruption laws.'
Oil services firm Nabors Industries Ltd. said Wednesday the DOJ won't bring an FCPA enforcement action after an investigation first launched more than five years ago.
Company Involved: Zenon
Industry: Oil & Gas
Industry Subsector: Exploration
Company Involved: Securency International
Industry: Consumer Services
Industry Subsector: Printing
The CEO of Italian energy giant Eni SpA is under investigation by Italian authorities for bribes allegedly paid in Algeria by its subsidiary Saipem SpA.
Two former executives of French engineering and construction giant Technip S.A. were handed light fines by a Paris court Wednesday for their role in the multi-million dollar bribery scheme to win contracts for development of the Bonny Island gas facility.
The top 20 oil producing nations have an average rank on the corruption perceptions index of 90 -- just into the bottom half.