Oil & Gas Archives - The Compliance Lady

Switzerland: SBM Offshore ordered to pay $7.5 million for failing to prevent corruption

November 23, 2021 The Compliance Lady Agents, Angola, Brazil, BRIBERY, Corruption, Cross-border investigations, DOUBLE JEOPARDY, Equitorial Guinea, Netherlands, Oil & Gas, Switzerland

Three Swiss-based subsidiaries of Dutch group SBM Offshore, which sells systems and services to the offshore oil and gas industry, were ordered to pay CHF7 million ($7.5M) by the Office of the Attorney General of Switzerland (OAG) including a fine of CHF4.2 million ($4.5M) for failing to prevent corruption. In a press release, the OAG…

Brazil: Two Doris Group Executives charged with corruption

August 27, 2021 The Compliance Lady Agents, Brazil, BRIBERY, Corruption, France, Oil & Gas, Switzerland

Executives from French engineering conglomerate, Doris Group, were charged with corruption for allegedly paying bribes to obtain advantages from state-owned oil company, Petrobras.

UAE: Petrofac banned from bidding on Public Contracts

March 16, 2021 The Compliance Lady Grand Corruption, Oil & Gas, SFO, UAE, UK, UK Bribery Act 2010, UKBA

Petrofac has been banned from competing for new contracts in the United Arab Emirates months after a former executive pleaded guilty to bribery in the U.K. over past work in the UAE.

Category: Oil & Gas