Transocean linked to Petrobras scandal

Transocean linked to Petrobras scandal

The giant corruption investigation surrounding Brazil’s state-run energy giant, Petrobras, has now heard allegations that the world’s largest offshore rig contractor, Transocean, might have been handing out kickbacks to Petrobras executives.

A former executive at Brazil’s state-run oil company has testified claiming he received payments made by someone claiming to be a Transocean agent in exchange for a rig-operation contract from Petrobras.

Petrobras has already severed ties with some 20 firms who have been caught up in the multi-billion dollar scandal.

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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