Inside the Subsea Cable Firm Secretly Helping America Take on China
lay subsea cables: America’s SubCom, Japan’s NEC Corporation, France’s Alcatel Submarine Networks and China’s HMN Tech.For sensitive U.S. projects, Washington only works with SubCom, according to five industry sources who have worked on projects with the cable company.The U.S. Department of Defense and the White House did not respond to requests for comment.Picking sidesUntil a U.S. crackdown on Chinese tech companies ramped up five years ago, SubCom laid cables for telecom and tech companies worldwide, including the big state-owned Chinese carriers.Not anymore. The cable firm
TechnipFMC Resolves US and Brazil Probes
it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities.TechnipFMC said in a statement published late on Tuesday that it had agreed to the resolutions with the U.S. Department of Justice (DOJ), the U.S. Securities & Exchange Commission and Brazilian authorities to resolve anti-corruption investigations in Brazil and relating to the intermediary, Unaoil.The company agreed to pay $301.3 million to those authorities to resolve investigations into conduct dating back
US Judge Approves BP Civil Settlement with US Government over 2010 Spill
to pay up to $18.7 billion in penalties to the U.S. government and five states. The company at the time said its total pre-tax charges from the spill set aside for criminal and civil penalties and cleanup costs were around $53.8 billion. Under the terms of the original agreement with the U.S. Department of Justice and the Gulf Coast states, BP will pay at least $12.8 billion for Clean Water Act fines and natural resource damages, plus $4.9 billion to states. The payouts will be staggered over some 16 18 years. The rig explosion on April 20, 2010, the worst offshore oil disaster in U.S. history
NOAA, Deepwater Horizon Trustees Announce Draft Restoration Plans
Deepwater Horizon Oil Spill Draft Programmatic Damage Assessment and Restoration Plan and Draft Programmatic Environmental Impact Statementallocates Natural Resource Damage Assessment monies that are part of a comprehensive settlement agreement in principle among BP, the U.S. Department of Justice on behalf of federal agencies, and the five affected Gulf States announced on July 2, 2015. The Department of Justice lodged today in U.S. District Court a consent decree as part of the more than $20 billion dollar settlement. Image removed by sender. DWH explosion The BP Macondo
New Fisheries Assistant Administrator at NOAA
the corner on overfishing, protect endangered marine species, and promote smart management approaches to build sustainable fisheries, and vibrant coastal communities." Early in her career, Sobeck worked in the NOAA Office of General Counsel from 1979-1984. She then served at the U.S. Department of Justice, Environment and Natural Resources Division from 1984-2009. Sobeck currently serves as acting assistant secretary of the Department of Interior's Office of Insular Affairs. She has served as deputy assistant secretary for Fish and Wildlife and Parks at the Department of the
Halliburton Plea May Help BP in Spill Liability Battle
pleaded guilty to destroying evidence of internal tests it conducted showing there was no difference between the effectiveness of putting six or 21 casing centralizers on the well, reports Reuters. Centralizers help stabilize the well bore during cementing and, prior to the settlement with the U.S. Department of Justice, Halliburton had sought in court proceedings to pin blame on BP for the blowout because of its decision to save time and money by using only six centralizers. According to Reuters, the plea would seem to hurt Halliburton as it seeks to settle its share of private claims over the disaster
Transocean: Agreement Reached on Deepwater Horizon Claims
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced that it has reached an agreement with the U.S. Department of Justice to resolve certain outstanding civil and potential criminal claims against the company arising from the April 20, 2010, accident involving the Deepwater Horizon in the Gulf of Mexico. As part of this resolution, a Transocean subsidiary has agreed to plead guilty to one misdemeanor violation of the Clean Water Act (CWA) for negligent discharge of oil into the Gulf of Mexico and pay $1.4 billion in fines, recoveries and penalties, excluding interest. This resolution will result
February 2025
