A Houston-based subsidiary of oilfield services company Schlumberger has been fined approximately $1.4 million by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for selling goods to a Russian-based energy firm that was under U.S. sanctions.

OFAC said in a press release Monday that Cameron International Corp. sold goods in 2015 and 2016 to Gazprom-Neft Shelf, a wholly owned subsidiary of sanctioned Russian energy company OJSC Gazprom Neft.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...