U.S. oil company Harvest Natural Resources has dropped a lawsuit against former Venezuelan oil minister Rafael Ramirez for allegedly demanding bribes to approve the company's sale of its Venezuelan assets, a U.S. court document showed on Aug. 26.
Harvest had won a $1.4 billion judgement against Ramirez, but the U.S. District Court for the Southern District of Texas set that award aside last year, ruling Ramirez had not been properly notified.
"With the dismissal of this case, those making the accusations finally admit they were baseless from the start," Ramirez said in a statement.
Shares in Harvest ceased trading in May 2017 and the company began a three-year process of liquidating assets.
Recommended Reading
TotalEnergies Pauses Business with Adani, Says it was Not Aware of US Investigation
2024-11-25 - French oil major TotalEnergies SE was not informed of a U.S. investigation into possible bribery and corruption at Adani Green Energy Ltd., it said on Nov. 25, adding it will stop financial contributions to its Adani Group investments following last week's indictment.
TotalEnergies Adds More Eagle Ford Shale Natgas to Support LNG
2024-09-27 - TotalEnergies said its second Eagle Ford deal this year with Lewis Energy Group strengthens the company’s upstream gas position and secures supply for its exports through Cameron LNG.
TotalEnergies, RWE Partner on German North Sea Wind Projects
2024-10-07 - TotalEnergies and RWE aim to commission two wind projects, N-9.1 and N-9.2, in 2031 and 2032.
TotalEnergies Signs LNG Agreements in China, Turkey
2024-09-19 - TotalEnergies announced two separate long-term LNG sales in China and a non-binding agreement with Turkey’s BOTAŞ in an effort to grow its long-term LNG sales.
SLB to Sell Interests in Canada’s Palliser Block
2024-10-17 - SLB and Torxen Energy had purchased the Palliser crude oil and natural gas assets from Cenovus Energy Inc. for about $1.04 billion cash.