Italian oil giant Eni S.p.A agreed Friday to settle FCPA offenses related to its subsidiary’s use of a “wholly unequipped” intermediary to win government oil contracts in Algeria.… Continue Reading
The Milan Public Prosecutor’s Office has charged Royal Dutch Shell and four former executives for an alleged plot to pay massive bribes to win oil exploration rights in Nigeria.
One of those charged is Malcolm Brinded, 64, the former executive director for Upstream International when the alleged bribery happened.… Continue Reading
What will be the final result of the Royal Dutch Shell/ENI imbroglio around a license to explore oil and gas in block OPL 246, offshore Nigeria?
At this point it is difficult to say.… Continue Reading
Italian state-owned oil giant Eni SpA said a forensic audit proved the company didn’t pay any bribes in Algeria.
Italian and Algerian government investigators have been examining allegations that officials from Saipem SpA, owned 43% by Eni, paid bribes for contracts in Algeria worth billions of dollars.… Continue Reading
Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.
Alberto Chiarini has been appointed Chief Financial and Compliance Officer.… Continue Reading
Hobbies are important and we try to make time for ours — staring at the list of the biggest FCPA cases of all time.
Stare long enough, we’re convinced, and you can learn most of what’s important about FCPA compliance and enforcement.… Continue Reading
Allegations that more than a billion dollars paid to the Nigerian government ended up with a company controlled by a former Nigerian oil minister have triggered a money-laundering investigation in the UK, according to a report Wednesday from Reuters.… Continue Reading
Last week, I was discussing a report with fellow compliance practitioner Craig Bloom, that Giuseppe Orsi, President of one of Italy’s largest conglomerates, Finmeccanica, SpA, was arrested under allegations of bribery in Finmeccanica’s sale of twelve helicopters to the Indian Government in 2010.… Continue Reading