Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities.
TechnipFMC said in a statement published on June 26 that it had agreed to the resolutions with the U.S. Department of Justice, the U.S. Securities & Exchange Commission and Brazilian authorities to resolve anti-corruption investigations in Brazil and relating to the intermediary, Unaoil.
The company agreed to pay $301.3 million to those authorities to resolve investigations into conduct dating back over a decade ago.
“Today we announce the resolution of these investigations. This conduct dating back over a decade ago, taken by former employees, does not reflect the core values of our company today,” said TechnipFMC chairman and CEO Doug Pferdehirt.
As previously disclosed, TechnipFMC has also been co-operating with an investigation by the French Parquet National Financier (PNF) related to historical projects in Equatorial Guinea and Ghana.
“To date, this investigation has not reached resolution. TechnipFMC remains committed to finding a resolution with the PNF and will maintain a $70 million provision related to this investigation,” TechnipFMC added in a statement.
In the first half of 2019, two new liquefaction trains came online: Cameron LNG Train 1 in Louisiana in May and Corpus Christi LNG Train 2 in Texas in June.
Hunting Plc, the international energy services group, said Aug. 16 it has completed the acquisition of the business and assets of RTI Energy Systems Inc. (RTIES) for a total cash consideration of $12.5 million.
Interim crude service utilizing the 24” EPIC Y-Grade pipeline from Crane to Robstown, TX, began delivering crude to several terminals in the Corpus Christi area.