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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Bill Steinman
Contributing Editor

Petrofac suspends COO during bribe probe

Oilfield services firm Petrofac said Thursday it suspended its chief operating officer Marwan Chedid during a corruption investigation.

The UK Serious Fraud Office confirmed last week it is investigating Petrofac over allegations of “bribery, corruption and money laundering” related to Unaoil.… Continue Reading

The BOTA Foundation Revisited — Part Two: BOTA – A Quick Recap

The agreement to start the Foundation emerged in 2007 after more than two years of discussion between the Governments of the United States, Switzerland and Kazakhstan (known as “the Parties”) about the disposition of $84 million, plus interest, that had been frozen in a Swiss account since 1999. … Continue Reading

DOJ charges Rolls-Royce with FCPA conspiracy

Rolls-Royce plc agreed to pay the United States a criminal penalty of $170 million under a deferred prosecution agreement after being charged with a long-running global conspiracy to violate the Foreign Corrupt Practices Act.… Continue Reading

KBR cooperating with DOJ investigation of Unaoil

Image courtesy of KBROil and gas services firm KBR said in its quarterly report Friday that the DOJ has contacted the company in connection with an investigation of Unaoil. 

The Huffington Post/Fairfax Media reported a month ago that Monaco-based Unaoil acted as an intermediary to pay bribes for big international companies, mainly from the oil and gas sector.… Continue Reading

Petrofac investigates bribery allegations

Image courtesy of PetrofacUK oil services firm Petrofac PLC said it launched an investigation into allegations of bribery to win contracts Kazakhstan and the Middle East.

Australia’s Fairfax Media and the Huffington Post reported that Monaco-based Unaoil was a middleman for bribes, according to leaked emails the news outlets said they viewed.… Continue Reading