Under Italian law, companies are responsible for the actions of their managers and can be fined if found guilty, Reuters reported.

A Hague arbitration court awarded the U.S. company $96 million in 2011 in a dispute stemming from a 1973 deal that called for Texaco, later acquired by Chevron, to develop fields in exchange for selling oil to Ecuador at below-market rates.

Donald Trump, Harold Hamm, RNC, Department of Energy, oil, gas

Harold Hamm, who endorsed Trump in April and spoke at the Republic National Convention on July 20, shrugged at the notion.

Beijing has refused to recognize the ruling by the Permanent Court of Arbitration that granted the Philippines sovereign rights to access offshore oil and gas fields, including the Reed Bank, a shallow tablemount some 85 nautical miles off its coast.

The industry ministry will examine whether oil firm Statoil, which is responsible for 60% of Norway's oil and gas output, misuses its dominant position over suppliers.

The areas up for grabs are located along the coasts of Veracruz, Tabasco and Campeche states, where most of Mexico's oil production occurs.

India, oil, gas, fields, bid, round, small, developed, KPMG, companies

The country is offering 67 discovered small fields in 46 contract areas, including 26 onshore, 18 shallow-water and two deepwater areas.

In 2015, BP reached agreements to settle outstanding federal, state and local government claims arising from the incident. 

Gulf governments are being forced to consider measures such as privatizations, cuts to subsidies and other state spending, and tapping debt markets, to help bridge budget shortfalls caused by lower oil prices.

U.S., Arctic, exploration, drilling, regulations, BOEM, BSEE

Industry groups call the rules an ‘unfortunate turn’ and say the regulations include ‘unnecessary requirements.’

The bill would modify a 2010 law requiring all new development in the Subsalt Polygon be led by Petrobras, and that Petrobras take a minimum 30% financial stake in all subsalt projects, Reuters said.

Talks about who owns what in the resouce-rich "Doughnut Hole" were spurred after Cuba and the U.S. announced they would restore diplomatic ties in late 2014.

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