OFAC SETTLEMENT WITH CAMERON INTERNATIONAL CORPORATION AND SCHLUMBERGER ROD LIFT INC

On 27 September, OFAC announced a $1,423,766 settlement with Cameron International Corporation, a Texas-based supplier of goods and services for the oil and gas industries and a subsidiary of Schlumberger Limited.  It supplied goods between July 2015 and November 2016 via its subsidiary, Cameron Romania S.R.L. to Gazprom-Neft Shelf, a Russian energy company and for an Artci offshore project.  Separately, a settlement was also announced with Schlumberger Rod Lift Inc (now Lufkin Rod Lift.), a subsidiary of Schlumberger Lift Solutions LLC, which itself was a US subsidiary of Schlumberger Limited of Frisco, Texas, has agreed to settle its potential civil liability for an apparent violation of OFAC’s now-repealed Sudanese Sanctions Regulations. 

https://content.govdelivery.com/accounts/USTREAS/bulletins/2f4d0f3

https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20210927

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017