All Energy & Utilities articles – Page 9
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ArticleTreasury sanctions Rosneft subsidiary for Venezuelan ties
The Department of the Treasury’s Office of Foreign Assets Control has sanctioned a subsidiary of Russian state-run oil company Rosneft for operating in the oil sector of the Venezuelan economy.
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Targray appoints general counsel
Canadian multinational materials distributor Targray announced the appointment of Annie Galarneau as its general counsel.
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ArticleWill ExxonMobil’s victory in sanctions case mean more pushback?
ExxonMobil’s victory in a sanctions case before a federal court just might empower others in the regulated community to challenge the imposition of fines for alleged violations of sanctions regulations.
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Motiva adds general counsel
Motiva Enterprises, an oil and energy firm, announced the appointment of Amy Marlyse Plato as executive vice president, general counsel. Plato’s responsibilities include serving as corporate secretary and business compliance officer.
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Eaton appoints general counsel
Power management company Eaton announced April Miller Boise has been appointed executive vice president and general counsel.
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ArticleExxon wins legal battle with OFAC over sanctions violation
A federal judge ruled this week Exxon will not have to pay a $2 million civil penalty levied by OFAC in 2017 for violating Ukraine-related sanctions regulations.
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EBRD debars GE Power Sweden for record six years in corruption case
The European Bank for Reconstruction and Development has imposed a record six-year term of debarment on GE Power Sweden concerning a long-running corruption scheme at 2015 acquisition Alstom Power Sweden.
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ArticleSamsung Heavy Industries to pay $75M in foreign bribery case
Samsung Heavy Industries will pay total criminal penalties of $75.5 million to enforcement authorities in the United States and Brazil to resolve violations arising out of a bribery scheme in Brazil.
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ArticleSEC investigating ProPetro’s financial disclosures
Oilfield services company ProPetro Holding announced the SEC has opened an investigation into its financial disclosures and reporting.
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ArticleProPetro shuffles leadership team amid accounting probe
ProPetro Holding has announced a shuffling of its executive leadership team following the completion of a review conducted by its audit committee into a series of internal control failures.
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DOJ contests Eni’s statement concerning corruption case
Calling Eni’s statement “misleading,” the Department of Justice wants to make it clear its corruption inquiry into the Italian oil company was not closed for lack of evidence.
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TechnipFMC to pay $5M in FCPA case
TechnipFMC, a global oil and gas services provider, has reached a $5 million settlement with the SEC for violations of the books-and-records and internal accounting controls provisions of the FCPA.
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PodcastVanessa Rossi on operationalized compliance done right
Vanessa Rossi, senior compliance counsel at Baker Hughes, explains to columnist Tom Fox the benefits of operationalized compliance and how to ensure it is properly in place.
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Aegion appoints chief accounting officer
Aegion has appointed John Heggemann as its senior vice president, corporate controller, and chief accounting officer.
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PodcastDoug Walter on how a new HQ can drive engagement
Doug Walter, chief compliance officer at Phillips 66, explains to columnist Tom Fox how the energy company’s new headquarters has been a valuable tool for employee engagement and recruiting.
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Vaalco Energy appoints chief accounting officer, controller
Vaalco Energy has appointed Jason Doornik as chief accounting officer and controller.
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Faraday Grid appoints general counsel
Global energy technology company Faraday Grid appointed Nathan Fagre as general counsel.
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Gulfport Energy appoints general counsel
Gulfport Energy named Patrick Craine as general counsel and corporate secretary.
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GE shareholders still want new auditor, vote suggests
While the rancor appears to have softened a bit, General Electric shareholders are still signaling to the audit committee that they want a new auditor.
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World Bank Group debars Sieyuan Electric
The World Bank Group has placed a 15-month debarment on Shanghai-based Sieyuan Electric relating to fraudulent practices under the Inter-Zonal Transmission Hub Project.