Exxon loses U.K. ruling in fight with Venezuela

Article Abstract:

Pending resolution of Exxon Mobil Corp.'s lawsuit against the government of Venezuela over losses due to the nationalization of its oil projects, state-owned oil company Petroleos de Venezuela's assets in the United Kingdom had been frozen. Claiming no jurisdiction, a U.K. court orders the lifting of the ban on Venezuelan assets and Exxon Mobil to pay Petroleos de Venezuela $763,052 to cover legal fees.

Venezuela, Cases, Exxon Mobil Corp., Government ownership, Nationalization, Petroleos de Venezuela S.A., XOM

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Santos draws deal talk amid review of cap

Article Abstract:

The Australian government has agreed to examine a 15% ownership limitation for oil and gas producer Santos Ltd., which has launched takeover speculation . Santos officials have been lobbying the government to lift the cap on the $5.81 bil company.

Management dynamics, Natural gas liquids, Oil & Gas Extraction, Oil and Gas Extraction, Management, Australia, Gas industry, Corporation law, Company business management, Santos Ltd.

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Probes of BP point to hurdles U.S. cases face; in commodities markets, trading on inside insight can be legal; price manipulation is fine line

Article Abstract:

In the commodoties market, unlike in the stock market, insider trading can be legal in the United Kingdom. The government investigation of BP PLC has raised questions about the legality of such trading.

United States, Investigations, BP PLC, Insider trading in securities, Insider trading (Securities)

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