Gulf Oil and Gas accountACCOUNT

Legal News

Petroceltic Commences Arbitration Proceedings against EGPC
Petroceltic Commences Arbitration Proceedings against EGPC Egypt >> 2/12/2019 - Petroceltic, the UK incorporated international energy company, announces its intention to commence arbitration proceedings in the World Bank managed International Centre for Settlement of Investment D...
Venezuela Congress Slams Oil Deals with US French Companies
Venezuela >> 1/8/2019 - Venezuela’s opposition-run congress issued a resolution calling deals between state-run oil company PDVSA and U.S. and French companies announced this week illegal, since they had not been sent to law...
Brazilian Fifth Chamber Approved Brazilian Prosecutor & SBM Agreement
Brazil >> 12/18/2018 - The Leniency Agreement with the Brazilian Federal Prosecutor’s Office (Ministerio Publico Federal – “MPF”) of September 1, 2018 has been approved by the Brazilian Fifth Chamber for Coordination and Re...
Algeria Hopes to Have Energy Law Ready by H1 of 2019
Algeria >> 10/16/2018 - Algeria wants to have a new energy law ready by the first half of 2019 and might use Mexico’s legislation as inspiration, the CEO of state energy firm Sonatrach said. ...
Agreement Signed Between SBM Offshore & Brazilian Public Prosecutor
Brazil >> 9/1/2018 - Following the announcement by the Company of July 26, 2018 of a Leniency Agreement with Brazilian Authorities CGU (Ministerio da Transparencia e Controladoria-Geral da Uniao– “CGU”) and AGU (Advocacia...
Uruguay to Adopt Permanent Offer Process for Offshore Oil Blocks
Uruguay >> 6/15/2018 - Uruguay will move toward a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minis...
African Petroleum to Protect its Interests in A1 & A4 Licences
Gambia >> 10/18/2017 - African Petroleum advises that its wholly owned subsidiaries African Petroleum Gambia Limited and APCL Gambia B.V have lodged Requests for Arbitration (RFA) documents with the International Centre for...
NNPC Denies Minister's Allegation of Poor Transparency
Nigeria >> 10/9/2017 - Nigeria’s state oil company said allegations by the oil minister that the conduct of its group managing director lacked transparency were baseless, as a public rift between the firm and the ministry w...
Sonangol to Slash Oil Production Costs with Board Revamp
Angola >> 10/9/2017 - Angola’s state oil company Sonangol is aiming to slash breakeven costs on new oil production to as low as $20-$30 per barrel and make its contracts more attractive to investors and oil and gas compani...
Nigerian Lawmakers to Probe NNPC Corruption Allegations
Nigeria >> 10/5/2017 - Nigerian lawmakers have set up a committee to investigate allegations of corruption at the state oil company contained in a letter from the minister of state for petroleum. In the letter from Emmanuel...
Nigerian Minister Questions $24 Billion Oil Deals
Nigeria >> 10/4/2017 - Nigeria’s oil minister sent a letter to President Muhammadu Buhari listing at least $24 billion of contracts involving the state oil company that he said were never discussed with him or the firm’s bo...
Parker Acknowledges DOJ Filing Regarding Fuel Filtration Business
United States >> 9/26/2017 - Parker Hannifin Corporation, the global leader in motion and control technologies, acknowledged that the U.S. Department of Justice (DOJ) has filed a complaint regarding Parker’s U.S. qualified aviati...
France Plans to End Oil and Gas Production by 2040
France >> 9/6/2017 - France plans to pass legislation this year to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so, according to a...
SBM Offshore Confirms Settlement on its Yme Insurance Claim
Netherlands/Holland >> 8/11/2017 - SBM Offshore confirms that a settlement contract has now been executed with an extended group of primary layer insurers further to its announcement on July 17, 2017 that Heads of Terms had been agreed...
Noreco Sues 20 Insurance Companies
Denmark >> 8/10/2017 - Norwegian Energy Company ASA, Noreco Oil Denmark A/S and Noreco Petroleum Denmark A/S (Noreco) have initiated a legal action for damages at the Court in Hillerod, Denmark, against the 20 insurance com...
Halliburton to Pay $29.2m to Settle US Charges Tied to Angola
Angola >> 7/27/2017 - Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business ...
Nigeria's Aims to Diversify as 'Era of Oil Booms' Ends
Nigeria >> 7/26/2017 - Nigeria plans to cut its oil exploration costs and move away from reliance on crude for export revenues, according to a national petroleum policy approved by the federal executive council this week. A...
Nigeria Cabinet Approves National Gas Policy
Nigeria >> 7/5/2017 - Nigeria's cabinet has approved a national gas policy that aims to reduce the country's dependence on crude oil by increasing gas exploration and facilities, the oil ministry said in a statement. The p...
Tanzania Passes Laws on Renegotiation of Mining & Gas Contracts
Tanzania >> 7/3/2017 - Tanzania's parliament passed two laws allowing the government to force mining and energy companies to renegotiate their contracts, despite pleas from the mining association for more time. Businesses h...
Tanzania Laws to Allow Government to Tear Up Mining & Energy Deals
Tanzania >> 6/29/2017 - The Tanzanian government submitted three bills to parliament that would allow it to force mining and energy companies to renegotiate their contracts, the latest in a string of moves that have alarmed ...

Events Executive Recruiting General Legal Petroleum Associations Sourcing & Procurement
For Buyers
Advertise your Purchasing Requests

For Suppliers
Promote your Products
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.