FCPAméricas Blog

Archive for Energy Sector category:

New FCPA Risks in Mexico’s Historic Energy Reform

In 2013, the Mexican Congress approved constitutional amendments to open oil & gas exploration and production to foreign investment, ending the monopoly of Petróleos Mexicanos (Pemex). In the second half of 2015, the Comisión Nacional de Hidrocarburos (CNH), the entity created by the Ministry of Energy to supervise the award of E&P blocks to private […]

Author: Matteson Ellis

CommentsComments | Print This Post Print This Post | | Read more...

Brazil’s “Car Wash” by the Numbers

This guest post is from Eloy Rizzo, a senior attorney with the law firm KLA – Koury Lopes Advogados in São Paulo, Brazil. Mr. Rizzo focuses on anti-corruption and compliance issues, as well as on complex litigation. Mr. Rizzo currently interns at Miller & Chevalier’s anticorruption team in Washington, DC.  The Brazilian Federal Prosecutor’s Office […]

Author: Guest Author

CommentsComments | Print This Post Print This Post | | Read more...

Opportunities and FCPA Risks in Mexico’s Changing Energy Sector

In December 2013, Mexico enacted constitutional amendments lifting restrictions on participation in its hydrocarbons and electrical energy sectors. These reforms end longstanding government monopolies held by Pemex, the state oil company, and the Federal Electricity Commission, which will now compete against private generators to supply public energy demands. This “epoch” change opens both sectors to […]

Author: Matthew Fowler

CommentsComments | Print This Post Print This Post | | Read more...

Fraud at Oceanografía: Implications for FCPA and AML Risks in Mexico

Concerns about corruption risks in Mexico’s oil and gas sector were underscored on February 28, when the Mexican government seized control of Oceanografía, a Mexican engineering and oil platform services company. The events leading up to this seizure, which include fraud, corruption and money laundering concerns, are particularly relevant given Mexico’s recent efforts to facilitate […]

Author: Matthew Fowler

CommentsComments | Print This Post Print This Post | | Read more...

Living the Cliché at PetroTiger

The DOJ’s PetroTiger press release reads like an overblown caricature of an FCPA case: top executives of an oil and gas company formed in the British Virgin Islands, with offices in New Jersey and operations in Colombia, allegedly paid approximately $250,000 to a Colombian government official in exchange for lucrative government contracts. It is tempting […]

Author: Matthew Fowler

CommentsComments | Print This Post Print This Post | | Read more...

FCPAmericas

Subscribe to our mailing list

* indicates required

View previous campaigns.

Close