All Energy & Utilities articles – Page 9
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ArticleSamsung Heavy Industries to pay $75M in foreign bribery case
Samsung Heavy Industries will pay total criminal penalties of $75.5 million to enforcement authorities in the United States and Brazil to resolve violations arising out of a bribery scheme in Brazil.
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ArticleSEC investigating ProPetro’s financial disclosures
Oilfield services company ProPetro Holding announced the SEC has opened an investigation into its financial disclosures and reporting.
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ArticleProPetro shuffles leadership team amid accounting probe
ProPetro Holding has announced a shuffling of its executive leadership team following the completion of a review conducted by its audit committee into a series of internal control failures.
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DOJ contests Eni’s statement concerning corruption case
Calling Eni’s statement “misleading,” the Department of Justice wants to make it clear its corruption inquiry into the Italian oil company was not closed for lack of evidence.
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TechnipFMC to pay $5M in FCPA case
TechnipFMC, a global oil and gas services provider, has reached a $5 million settlement with the SEC for violations of the books-and-records and internal accounting controls provisions of the FCPA.
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PodcastVanessa Rossi on operationalized compliance done right
Vanessa Rossi, senior compliance counsel at Baker Hughes, explains to columnist Tom Fox the benefits of operationalized compliance and how to ensure it is properly in place.
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Aegion appoints chief accounting officer
Aegion has appointed John Heggemann as its senior vice president, corporate controller, and chief accounting officer.
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PodcastDoug Walter on how a new HQ can drive engagement
Doug Walter, chief compliance officer at Phillips 66, explains to columnist Tom Fox how the energy company’s new headquarters has been a valuable tool for employee engagement and recruiting.
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Vaalco Energy appoints chief accounting officer, controller
Vaalco Energy has appointed Jason Doornik as chief accounting officer and controller.
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Faraday Grid appoints general counsel
Global energy technology company Faraday Grid appointed Nathan Fagre as general counsel.
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Gulfport Energy appoints general counsel
Gulfport Energy named Patrick Craine as general counsel and corporate secretary.
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GE shareholders still want new auditor, vote suggests
While the rancor appears to have softened a bit, General Electric shareholders are still signaling to the audit committee that they want a new auditor.
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World Bank Group debars Sieyuan Electric
The World Bank Group has placed a 15-month debarment on Shanghai-based Sieyuan Electric relating to fraudulent practices under the Inter-Zonal Transmission Hub Project.
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Chesapeake Utilities names chief accounting officer
Chesapeake Utilities has appointed Michael Galtman as chief accounting officer. He will report directly to Executive Vice President and Chief Financial Officer Beth Cooper.
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PodcastRod Hardie on FCPA lessons, navigating foreign risk
Rod Hardie, chief compliance officer at Exterran, discusses with columnist Tom Fox what he learned and experienced as an investigator with Baker Hughes during its FCPA investigation in the early 2000s.
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GE to pay $1.5B for misrepresentations concerning subprime loans
General Electric will pay a civil penalty of $1.5 billion to resolve claims under the Financial Institutions Reform, Recovery, and Enforcement Act involving subprime residential mortgage loans originated by WMC Mortgage, a GE subsidiary.
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CenterPoint Energy names general counsel
CenterPoint Energy named Jason Ryan senior vice president and general counsel, effective April 2.
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PodcastMarianne Ibrahim on conducting a third party audit
Marianne Ibrahim, director of global compliance at Baker Hughes, offers several best practices for the auditing of third parties.
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Duke Energy appoints new board member
Duke Energy’s board of directors has appointed Marya Rose to its board, effective March 1. She joins both the compensation committee and the regulatory policy and operations committee.
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Diamondback Energy announces series of leadership changes
Diamondback Energy, an independent oil and natural gas company, recently announced a series of leadership appointments and promotions that took effect March 1, including the appointment of a new chief accounting officer.