Petroleo Brasileiro SA (Petrobras)

Swiss regulator raps Credit Suisse for anti-corruption failings

ZURICH (Sept 17): Credit Suisse will be overseen by an independent monitor after failing in its duty to combat corruption in cases linked to soccer body Fifa and Venezuelan and Brazilian state oil companies, Swiss finance industry watchdog Finma said on M

Broker's Calls

CIMB overweight on Offshore & Marine sector with order wins of $3 bil each for Keppel, SembMarine

SINGAPORE (Mar 5): CIMB is maintaining its "overweight" on the Offshore & Marine sector on expectations of $3 billion in order wins each for Keppel and Sembcorp Marine this year.

In print this week

Keppel facing a scandal

SINGAPORE (Jan 8): It was a blue Christmas for Keppel Corp. On Dec 23, 2017, the company said its offshore and marine arm had reached a global resolution with authorities in the US, Brazil and Singapore in relation to corrupt payments made by a former age

Keppel O&M sanctioned 17 current, former employees over Brazil bribery case: document

SINGAPORE (Dec 30): Keppel Corp's rig-building unit has taken disciplinary action against 17 current and former employees as part of its Brazil bribery case, a US court document showed, including US$8.9 million ($11.9 million) of financial sanctions,

Ex-Keppel lawyer secretly cooperated with US in bribery probe: documents

BOSTON (Dec 28): A former lawyer at Keppel Corp’s oil rig building business secretly pleaded guilty and cooperated with US authorities before the Singapore-based company agreed to pay US$422 million ($565.7 million) to settle charges it bribed Brazilian

Keppel bribery fine puts spotlight on peer Sembcorp, shares slide

SINGAPORE (Dec 26): Singapore oil rig builder Keppel Corp's deal to pay a US$422 million ($567 million) fine to resolve Brazilian bribery charges has brought smaller rival Sembcorp Marine into focus, with some analysts saying a similar fine would hurt

Keppel units paid about $74 mil to win 13 Petrobras contracts in more than a decade

(Dec 23): Keppel Offshore & Marine, the world’s biggest builder of oil rigs, agreed to pay US$422 million ($567 million) to end a US bribery probe into illegal payments to officials at Petroleo Brasileiro SA, Brazil’s state-owned oil company, and to
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