SFO drops Unaoil probe into ABB
The UK’s Serious Fraud Office (SFO) has dropped its investigation into ABB linked to the Unaoil case.
DOJ
US men charged for Iranian oil-to-China plan
The US has charged five of its citizens with conspiring to sell sanctioned Iranian oil to China.
Updated: DoJ ends Eni scrutiny over OPL 245, Algeria
The US Department of Justice (DoJ) has ended its investigation of Eni over the OPL 245 affair and Algeria, the Italian company has said, without taking any further action.
Chesapeake Energy gets subpoena from DoJ
Chesapeake Energy has received a subpoena from the US Department of Justice seeking information on the accounting methodology for the acquisition and classification of oil and gas properties.
Halliburton’s bonus plan shows forecasting oil price is hard
It seems not even the board of Halliburton Co. thought the price of oil would remain depressed this long.
Halliburton, Baker Hughes agree to extend antitrust review deadline on merger
Baker Hughes and Halliburton have entered into a timing agreement with the antitrust division of the US DOJ (Department of Justice). It means the period for the DOJ’s review of the takeover will now be completed at the end of November, 90 days after both companies have certified compliance. A deal has also been reached between Baker Hughes and Halliburton to extend the time period for closing the acquisition to no later than December.