U.S. firm WhiteWater Midstream LLC is under investigation in Mexico and the United States for possible corruption in its contracts with Mexico’s state-run power utility, the utility said in statement on July 16.
WhiteWater is being investigated for the “delivery of contracts under suspicion of corruption, breach of trust and influence peddling,” the Comision Federal de Electricidad (CFE) said in its statement.
UPDATE:
WhiteWater Midstream Responds to ‘Explicit Threats’ from Mexican Utility
WhiteWater Midstream and its subsidiaries were awarded multimillion-dollar contracts by the CFE between 2016 and 2017. One such contract for a gas pipeline in the United States was “unnecessary for the purposes and needs of the CFE,” the utility said. The contract was awarded without a transparent and competitive bidding process, the statement said.
There are also former CFE officials under investigation, the utility said.
“CFE will exercise, in accordance with its own right, legal actions both at the civil and criminal level in Mexico and the United States,” the statement said.
WhiteWater did not immediately respond to a request for comment.
Recommended Reading
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
2025-01-29 - U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.
The New Minerals Frontier Expands Beyond Oil, Gas
2025-04-09 - How to navigate the minerals sector in the era of competition, alternative investments and the AI-powered boom.
Ovintiv Names Terri King as Independent Board Member
2025-01-28 - Ovintiv Inc. has named former ConocoPhillips Chief Commercial Officer Terri King as a new independent member of its board of directors effective Jan. 31.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.