text: Schlumberger subsidiary pleads guilty to US sanctions violations : The American Energy News
  By Jo Ann Lawrence March 26, 2015 0 Comments Read More →
  Schlumberger subsidiary pleads guilty to US trade sanctions violations
  Schlumberger subsidiary conducted business with Sudan and Iran
  Schlumberger subsidiary Schlumberger Oilfield Holdings Ltd. has agreed to a penalty of over $232M and plead guilty to trade sanctions violations.
  The world's largest oil services company, Schlumberger Ltd., has agreed to a penalty of more than $232 million and one of its subsidiaries will plead guilty to trade sanctions violations, the Justice Department announced Wednesday.
  The criminal case against Schlumberger Oilfield Holdings Ltd. resolves a years long investigation into allegations that the wholly owned subsidiary had illegally conducted business from Texas with Sudan and Iran in violation of U.S. economic sanctions.
  "This plea fully resolves the investigation of the company, and we understand there is no ongoing investigation of company personnel," Joao Felix, a Schlumberger spokesman, said in a statement. "The company co-operated with the investigation, and we are satisfied that this matter is finally resolved."