Westminster has articulated its desire for the treaty to undergo a process of "modernization" and has not ruled out the possibility of withdrawal if the necessary reforms are not enacted.
This decision comes as a setback to international major companies, including Eni SpA, Shell Plc, Exxon Mobil Corp., and TotalEnergies SE.
The lawsuit was filed by the state's attorney general and cites violations related to the fire's impact.
This legal dispute revolves around a resubmitted claim valued at around £1.4 billion, stemming from the nationalization of Venezuela's Cerro Negro and La Ceiba crude projects in 2007.
In her most recent update to the register of members' financial interests, Villiers admitted her shareholding in the oil and gas giant.
The operator of the Hibernia platform off the coast of St. John’s, Newfoundland and Labrador, has pleaded guilty in connection with an oil spill that occurred in July 2019, as reported by the Canadian offshore petroleum regulator.
The EU Council has approved new regulations aimed at reducing carbon emissions in the maritime industry by encouraging the use of renewable and low-carbon fuels
An $85 million dividend and a deal to sell a stake in aging North Sea oil wells for one dollar has landed Viaro Energy and its CEO, Francesco Mazzagatti, in a London lawsuit filed by Taqa.
BP is currently facing trial at Aberdeen Sheriff Court in relation to the death of an oil worker who fell into the North Sea almost nine years ago.
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