Swiss shipping firm Panalpina, Shell (RDSA) and five oil services companies agreed to pay fines yesterday over allegations that employees bribed officials in Angola, Azerbaijan, Brazil, Kazakhstan, Nigeria, Russia and Turkmenistan.
The Justice Department and Securities and Exchange Commission brought the charges.
Shell, Transocean (NYSE:RIG), Tidewater Marine (NYSE:TDW), Pride International (PDE), and Noble Corp. (NYSE:NE) will all pay fines.
Separately, Shell said it has agreed to sell six Gulf of Mexico oil and gas field to W&T Offshore for $450 million.
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