All SBM Offshore articles

  • Shipping
    Article

    SBM Offshore FCPA case ends, Swiss investigation begins

    2020-12-01T16:06:00Z

    SBM Offshore confirmed it has reached the end of its three-year deferred prosecution agreement with the Department of Justice for FCPA violations, but the oil and gas services company is now facing a fresh corruption investigation from Swiss enforcement authorities.

  • Serious Fraud Office
    Article

    SFO secures two Unaoil convictions, but judge critical of director

    2020-07-14T16:42:00Z

    Following a four-year investigation, the U.K. Serious Fraud Office has secured convictions against two former Unaoil executives for bribes made to win oil services contracts in Iraq, although the presiding judge ordered a review into how SFO Director Lisa Osofsky led the case.

  • Blog post

    SBM Offshore to pay $238M to resolve FCPA case

    2017-12-01T13:15:00Z

    Dutch oil and gas services company SBM Offshore, and its wholly owned U.S. subsidiary SBM Offshore USA, will pay a criminal penalty of $238 million in connection with schemes involving the bribery of foreign officials in Brazil, Angola, Equatorial Guinea, Kazakhstan, and Iraq in violation of the Foreign Corrupt Practices ...

  • Blog post

    Two ex-SBM executives plead guilty in Petrobras bribery scheme

    2017-11-14T09:15:00Z

    Two former executives at Dutch oil and gas services company SBM Offshore have pleaded guilty to conspiracy to violate the Foreign Corrupt Practices Act for their roles in a scheme to bribe foreign government officials in Brazil, Angola, and Equatorial Guinea.

  • Blog post

    Brazilian authorities sign leniency agreement with SBM Offshore

    2016-07-20T11:00:00Z

    Dutch engineering company SBM Offshore announced this week it has reached a leniency agreement with Brazilian authorities to resolve allegations relating to the Petrobras bribery scandal. Jaclyn Jaeger reports.

  • Blog post

    SBM Offshore Settles Bribery Case With Brazilian Authorities

    2016-01-25T12:00:00Z

    Dutch engineering company SBM Offshore announced today that it has accepted an out-of-court settlement with Brazilian authorities to resolve allegations relating to the Petrobras bribery scandal, while emphasizing that the settlement does not involve an admission of guilt.