Allegations
first
emerged
in
2007
that
Swiss-based
logistics
firm
Panalpina
had
engaged
agents
who
bribed
foreign
officials
to
speed
drilling
rigs
and
other
equipment
through
customs.
In
2010,
Panalpina
and
five
of
its
clients
–
Shell,
Transocean,
Tidewater,
GlobalSantaFe
and
Pride
–
made
settlements
totalling
$236
million
over
the
scandal.
Parker
Drilling
first
disclosed
five
years
ago
that
its
operations
in
Nigeria
and
Kazakhstan
were
potentially
caught
up
in
the
investigation.
The
driller
now
says
it
has
reached
agreement
in
principle
with
the
US
Department
of
Justice
and
the
Securities
and
Exchange
Commission
regarding…
