Vantage Drilling International agreed to disgorge $5 million to the SEC Monday to settle FCPA internal accounting controls offenses related to drilling services contracts with Petrobras.
Brazil’s state oil company and one of its big U.S.-based drilling contractors are locked in bitter litigation following allegations that the contractor won a disputed contract by paying bribes through a middleman.… Continue Reading
A Houston-based drill ship operator said Friday it reopened an investigation into possible bribes in Asia for customs and immigration officials “in light of the allegations in the Petrobras matter.”… Continue Reading
The fallout from the Petrobras corruption scandal in Brazil keeps growing. This week there’s a new disclosure from Houston-based Vantage Drilling Company.
The drill ship operator said in an SEC filing Tuesday that an agent it used in Brazil “has entered into a plea arrangement with the Brazilian authorities in connection with the agent’s role in obtaining bribes on behalf of former Petrobras executives.”… Continue Reading