Popular, Compliance, Oil & Gas

Changes to Alberta’s Occupational Health and Safety Code Take Effect March 31, 2025

Stikeman Elliott LLP on 3/24/2025

In December 2024, Ministerial Order 2024-12 introduced important amendments to Alberta's Occupational Health and Safety Code (the "Code"), expanding and streamlining workplace violence and harassment prevention requirements....more

The Corporate Transparency Act: Compliance Essentials for Energy Businesses

Oliva Gibbs on 2/1/2024

The Corporate Transparency Act (CTA) is a new federal law that requires certain business entities to report their Beneficial Owners to the Financial Crimes Enforcement Network (FinCEN). The law was enacted by Congress in...more

Albemarle’s Reliance on Third-Parties to Execute Bribery Schemes (Part II of III)

The Volkov Law Group on 10/3/2023

Albemarle’s bribery schemes look and sound like text-book examples of third-party agents being paid high commissions as a way to funnel bribery payments to foreign officials at state-owned oil refineries. However, as usual,...more

DOJ Charges Two Oil and Gas Traders with FCPA Bribery Scheme Involving Petrobras

The Volkov Law Group on 2/21/2023

In its first enforcement action of 2023, the Justice Department charged a Connecticut man and a foreign national with FCPA bribery and money laundering charges stemming from a bribery scheme to secure contracts with Petrobras...more

Vitol’s Bribery Schemes in Brazil, Ecuador and Mexico (Part II of III)

The Volkov Law Group on 12/9/2020

Vitol’s bribery scheme stretched into three separate countries – Brazil, Ecuador and Mexico — and was carried out over a ten-year period. The Statement of Facts is instructive in describing the means by which Vitol used...more

Justice Department Indicts Vitol Oil Trader in International Bribery and Money Laundering Conspiracy for Corrupt Payments to...

The Volkov Law Group on 9/28/2020

A federal grand jury in the Eastern District of New York returned an indictment against Javier Aguilar, an oil trader at Vitol, an energy and commodity trading company, for his role in a five-year international bribery and...more

VOC Emissions from Upstream Oil and Gas Operations: EPA Kicks Off 2020 Clean Air Enforcement with Two Significant Settlements

Vinson & Elkins LLP on 1/30/2020

Last week, the EPA announced two significant settlements for violations of the Clean Air Act relating to emissions of volatile organic compounds (“VOCs”) from upstream oil and gas production facilities. These enforcement...more

Financial Daily Dose 12.20.2019 | Goldman nearing $2B deal with DOJ to resolve 1MDB scandal claims

Robins Kaplan LLP on 12/20/2019

Goldman Sachs is reportedly in negotiations with federal prosecutors to resolve claims about its role in the Malaysian 1MDB scandal for upwards of $2 billion. A settlement—which “could include a guilty plea from Goldman’s...more

DOJ Continues Run on Individual FCPA Criminal Prosecutions

The Volkov Law Group on 11/27/2017

The Department of Justice announced criminal FCPA charges against two individuals in connection with bribery payments to foreign officials in Chad and Uganda. The Justice Department’s announcement occurred on the heels of...more

Five Key Takeaways from Key Energy’s SEC FCPA Settlement

The Volkov Law Group on 8/25/2016

The SEC, last week, announced its $5 million settlement with Key Energy. As always, FCPA settlements contain important examples of enforcement priorities and policies. Key Energy’s recent settlement is an example of the...more

Shareholders Will Get to Trial in Petrobras Corruption Scandal Action

Thomas Fox - Compliance Evangelist on 7/29/2016

Yesterday I wrote about what may well be the next great bribery and corruption scandal across the globe involving the Venezuelan state oil company Petroleos de Venezuela SA (PDVSA). However, the current largest corruption...more

Red Flags Squelch Corrupt PDVSA Deal

Thomas Fox - Compliance Evangelist on 7/28/2016

As the Petrobras corruption scandal seems to be going strong, we turn our attention to what may be the most corrupt of all the national energy companies, the Venezuelan state oil company Petroleos de Venezuela SA (PDVSA)....more

SEC Adopts New Rules Requiring Disclosure of Resource Extraction Payments

Akin Gump Strauss Hauer & Feld LLP on 7/13/2016

On June 27, 2016, the Securities and Exchange Commission (SEC) adopted new rules requiring certain producers of oil, natural gas and minerals to publicly disclose information regarding payments to the U.S. federal government,...more

President Obama Implements Sweeping New Rules to Control Climate Change

Baker Donelson on 8/7/2015

On August 3, 2015, President Obama and the Environmental Protection Agency (EPA) utilized executive action to call for a major societal shift on climate change policy. The new rules, dubbed the Clean Power Plan, are intended...more

Secret Recipes: Fracking Fluid Fracas

Orrick - Trade Secrets Group on 8/4/2015

Several of our previous posts have covered the trade secrets implications of laws that require disclosure of hydraulic fracturing fluid ingredients. As today’s method of hydraulic fracturing combined with horizontal drilling...more

FCPA Compliance and Ethics Report-Episode 171-FCPA Enforcement in the Energy Industry

Thomas Fox - Compliance Evangelist on 6/23/2015

In this episode I discuss enforcement of the FCPA in the energy industry, it genesis and the business response by the energy industry. ...more

Schlumberger OFAC Enforcement Action – A New Threat?

The Volkov Law Group on 5/5/2015

I have been writing lately about the rise of OFAC sanctions enforcement. OFAC and the Justice Department have started to build a close working relationship similar to that between the SEC and the Justice Department relating...more

FCPA Compliance and Ethics Report-Episode 153-Doing Compliance in an Economic Downturn

Thomas Fox - Compliance Evangelist on 4/23/2015

The energy industry is in turmoil from the drop in the price of oil from $100 down to around $50 per barrel. Many energy companies have laid off up to 30% of their workforce. What can you do from the compliance perspective...more

FCPA Compliance and Ethics Report-Episode 122-with Matt Kelly on Alstom, Avon and Petrobras

Thomas Fox - Compliance Evangelist on 1/20/2015

In this episode, Compliance Week Editor-in-Chief Matt Kelly and I discuss the Avon and Alstom FCPA enforcement actions and then take a look at the ongoing Petrobras corruption scandal and what it means for Brazil. ...more

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