U.S. firm WhiteWater Midstream LLC is under investigation in Mexico and the United States for possible corruption in its contracts with Mexico’s state-run power utility, the utility said in statement on July 16.
WhiteWater is being investigated for the “delivery of contracts under suspicion of corruption, breach of trust and influence peddling,” the Comision Federal de Electricidad (CFE) said in its statement.
UPDATE:
WhiteWater Midstream Responds to ‘Explicit Threats’ from Mexican Utility
WhiteWater Midstream and its subsidiaries were awarded multimillion-dollar contracts by the CFE between 2016 and 2017. One such contract for a gas pipeline in the United States was “unnecessary for the purposes and needs of the CFE,” the utility said. The contract was awarded without a transparent and competitive bidding process, the statement said.
There are also former CFE officials under investigation, the utility said.
“CFE will exercise, in accordance with its own right, legal actions both at the civil and criminal level in Mexico and the United States,” the statement said.
WhiteWater did not immediately respond to a request for comment.
Recommended Reading
Kosmos Energy’s RBL Increased, Maturity Date Extended
2024-04-29 - Kosmos Energy’s reserve-based lending facility’s size has been increased by about 8% to $1.35 billion from $1.25 billion, with current commitments of approximately $1.2 billion.
Remotely Controlled Well Completion Carried Out at SNEPCo’s Bonga Field
2024-02-27 - Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.
E&P Highlights: April 1, 2024
2024-04-01 - Here’s a roundup of the latest E&P headlines, including new contract awards.
E&P Highlights: March 25, 2024
2024-03-25 - Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.