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

Who did Unaoil work for?

Last week the DOJ revealed guilty pleas by the two Ahsani brothers who were running Monaco-based intermediary Unaoil. The brothers copped to a ten-country bribery conspiracy intended to help “multiple companies” win oil and gas-related contracts.… Continue Reading

Unaoil fallout: Petrofac exec admits sprawling Middle East bribe scheme

The former global head of sales for Petrofac International Limited pleaded guilty Wednesday to UK Bribery Act violations related to over $50 million in bribes involving projects in Iraq and Saudi Arabia. 

David Lufkin, 51, a British national, pleaded guilty in a UK court to eleven counts of bribery under sections 1(1) and 1(2) of the Bribery Act 2010. 

The Serious Fraud Office said Lufkin paid bribes to win contracts for Petrofac worth $730 million in Iraq and $3.5 billion in Saudi Arabia.… Continue Reading

SFO charges two in Unaoil probe

The UK Serious Fraud Office said Thursday it charged two men in connection with its investigation of Unaoil.

Ziad Akle and Basil Al Jarah were both accused of conspiracy to pay bribes to help Unaoil’s client SBM Offshore NV win contracts in Iraq.… Continue Reading

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