Other News

Hyperdynamics agrees settlement deal, pays fine to SEC

Hyperdynamics Coporation has agreed a settlement deal with the US Securities and Exchange Commission (SEC) regarding an investigation into improper payments made by a subsidiary working in Guinea. The SEC had issued a subpoena to the Houston-based company concerning possible violations of the Foreign Corrupt Practices Act (FCPA).

Health, Safety & Environment

Total fined £1.4million after worker killed in oil refinery explosion

Energy giant Total has been fined £1.4million after a worker was killed in an oil refinery explosion. Contractor Robert Greenacre, 24, was working under a distillation column containing hot crude oil, which was released and caught alight at the huge plant in North Killingholme, North Lincolnshire five years ago. A colleague was able to escape with minor burns but Mr Greenacre died at the scene.

Other News

Schlumberger Oilfield Holdings fined $237.2million over sanction violations

A subsidiary of Schlumberger Oilfield holdings has been fined $237.2million after pleading guilty to sanction violations in both Iran and Sudan. The move comes after the oil well manufacturing company made the admission to the US Justice Department this week. The company also agreed to a three-year period of corporate probation, and during this time it will cease all operations in Iran and Syria.