An oil boss has been sentenced to three and a half years in prison for conspiring with others to bribe public officials to secure lucrative oil contracts in post-war Iraq.
A former oil and gas boss has been found guilty of conspiring to bribe public officials to win contracts in Iraq following the collapse of Saddam Hussain’s regime.
The Serious Fraud Office (SFO) has secured £1.2million from the owner of a luxury London apartment bought after bribing Brazilian state oil firm Petrobras.
The head of the Serious Fraud Office (SFO) has said a case that saw the conviction of an Aberdeen oil man for bribery “straddled the lockdown period like no other”.
ExxonMobil has awarded SBM Offshore contracts to carry out front end engineering work on a second floating production vessel for the Liza development off Guyana.
Dutch oil service firm SBM Offshore said today it had reached a settlement with insurers for the Yme platform, which had to be scrapped amid structural concerns.
Dutch oil service firm SBM Offshore said today that its first-half revenues were in line with guidance and that it had managed to integrate three new FPSOs into its fleet.
SBM Offshore has said there is no impediments to its current chief executive continuing in his role after a number of charges were made against the company by Brazilian prosecutors.
Last week it was announced 12 people had been charged in connection with an alleged bribery scheme involving SBM Offshore and Petrobras.