Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
U.S.: Schlumberger 'willfully' violated sanctions
by Daniel J. Graeber
Washington (UPI) Mar 26, 2015


disclaimer: image is for illustration purposes only

For six years, a division of oil services company Schlumberger "willfully" violated U.S. sanctions against Iran and Sudan, the Justice Department said.

"Over a period of years [ending in 2010], Schlumberger Oilfield Holdings Ltd. conducted business with Iran and Sudan from the United States and took steps to disguise those business dealings, thereby willfully violating the U.S. economic sanctions against those regimes," U.S. Assistant Attorney General Carlin said in a statement.

The Justice Department said the oil services company agreed to enter a guilty plea and pay a $232 million penalty for conspiring to violate sanctions against trade with Iran and Sudan. Under the terms of the agreement, Schlumberger agreed to halt all activity in those countries for a three-year period.

Sudan split in two under a peace that, with the U.S. government's support, was meant to end a simmering civil war. While South Sudan gained control over oil when it gained independence in 2011, Sudan maintained control over the infrastructure needed for transit.

Iran, a member of the Organization of Petroleum Exporting Countries, is limited to six international oil customers according to a November 2013 deal with the nations party to ongoing nuclear negotiations. The government in Tehran said recently U.S. energy companies that moved against Republican leaders frustrated over the direction of the talks would be rewarded.

The Justice Department said the guilty plea shows the financial risk of skirting international sanctions. The plea concludes an investigation that began in 2009.

There was no statement from Schlumberger despite several outreach efforts.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Chinese demand for Russian oil holds steady
Beijing (UPI) Mar 25, 2015
Demand for Russian crude oil in the Chinese economy is expected to hold steady, despite economic faltering in both countries, a Chinese trader said Wednesday. Chinese officials are describing a "new normal" in an economy slowing from a long period of double-digit growth. For Russia, sanctions pressure in response to crises in Ukraine and the decline in crude oil prices is pushing the co ... read more


OIL AND GAS
China imposes new curbs on Norway salmon imports

Neither more food nor better food -- still, fish biomass increases

Olive tree disease in Italy alarms EU

Dairy industry making strides toward reducing its carbon footprint

OIL AND GAS
Quantum computing: 1 step closer with defect-free logic gate

A new way to control light, critical for next-gen of super fast computing

Optical fibers light the way for brain-like computing

KAIST develops ultrathin polymer insulators key to low-power soft electronics

OIL AND GAS
India receiving upgraded Mirage fighters

Sikorsky, Polish subsidiary sweeten helicopter contract bid

LEAPTech to Demonstrate Electric Propulsion Technologies

Malaysian firm building additional Hawk aircraft pylons

OIL AND GAS
Uber ramps up safety efforts after criticism

Pirelli boss attacks 'nationalist' China deal critics

Chinese takeover of Pirelli met with resignation in Italy

Hidden benefits of electric vehicles revealed

OIL AND GAS
China denies seeking veto power in new bank

EU slaps anti-dumping duties on China, Taiwan steel

Cheap eurozone takeaway fuels Chinese appetites

'Made in China' tops EU list of unsafe products

OIL AND GAS
Conifers' helicoptering seeds are result of long evolutionary experiment

Protected areas in Indonesia ineffective in preventing deforestation

Isolated tribe ventures out of threatened Peru forests

Post-fire logging can reduce fuels for up to 40 years

OIL AND GAS
New NASA Mission to Study Ocean Color, Airborne Particles and Clouds

NASA spacecraft in Earth's orbit, preparing to study magnetic reconnection

NASA launches satellites to track 'magnetosphere'

NASA's Soil Moisture Mapper Takes First 'SMAPshots'

OIL AND GAS
NC State researchers create 'nanofiber gusher'

Click! That's how modern chemistry bonds nanoparticles to a substrate

Nanospheres cooled with light to explore the limits of quantum physics

An improved method for coating gold nanorods




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.