Saipem Aims for a Fresh Start with Buzios Pre-Salt, After Past U.S. FCPA Issues in Algeria and Nigeria

Posted on 07/22/2020


Former Eni S.p.A. subsidiary, Saipem S.p.A., allegedly violated the U.S. Foreign Corrupt Practices Act according to a United States Securities and Exchange Commission (SEC) report. According to the SEC, the Saipem used sham contracts with an intermediary to improperly win at least seven contracts from an Algerian state-owned oil company. The SEC also found that […]

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