International Whistleblower Rewards and Exposing International Illegal Bribe Schemes
Multinational Energy Companies Will Be Required to File SEC Disclosures On Payments Made to Foreign Government Officials for Oil, Gas, and Mineral Contracts: False Reports of Payments to Foreign Governments Can Be Violations of the FCPA and the Basis for Whistleblower Reward Bounty Actions by International Oil Company False Disclosure Lawyer and International Energy Company Failure to Report Lease Payment Lawyer Jason S. Coomer
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, all domestic and foreign companies registered with the U.S. Securities and Exchange Commission (SEC) will need to report how much they pay governments for access to their oil, gas and minerals. These payments must be reported on a country-by-country and a project-by-project basis, and will likely cover a wide range of the material benefits that accrue to governments from extractive deals. This Dodd-Frank reporting requirement, known as the Cardin-Lugar Transparency Amendment is expected to help remove corruption from the oil and gas mineral extraction industry.
If you have evidence of energy company SEC accounting fraud or energy company illegal bribes to government officials, please feel free to contact International Oil Company Government Corruption Lawyer, Jason S. Coomer or use our contact submission form.
Most of the Largest Energy & Mining Companies That Are Active In International Oil, Gas, and Mineral Extraction Are Registered with The SEC and Subject to SEC Reporting Requirement
Of the 32 largest internationally active oil companies, 29 are registered with the SEC or have other SEC reporting requirements. These international energy companies are required to make true and accurate disclosures of payments given to governments for oil leases and other mineral extraction permits. Failure to properly disclose payments or payment of illegal bribes can be the basis of a bounty action by oil company employees, competing oil companies, or others with knowledge of SEC and FCPA violations.
Further, eight of the world’s 10 largest mining companies are also registered with the SEC, and will likely be covered by the SEC's final rules on mineral extraction.
The Extractive Industry Transparency Initiative Seeks To Expand Transparency to All International Oil Companies and Mineral Extraction Companies
The Extractive Industry Transparency Initiative is the vehicle to establish internationally consistent standards for energy and mining companies to make public their payments to governments. A main goal of this international initiative is to create reporting requirements and transparency that will expose illegal acts by international oil companies and corruption by government officials that pervert the energy market, hurt honest oil companies, and take large amounts of money from the people of many countries.
Some of the largest oil companies in the World include the following oil companies:
National Iranian Oil Company (Iran)
Saudi Arabian Oil Company (Saudi Arabia)
Petroleos de Venezuela.S.A. (Venezuela)
Qatar General Petroleum Corporation (Qatar)
Iraq National Oil Company (Iraq)
Abu Dhabi National Oil Company
Kuwait Petroleum Corporation (Kuwait)
Nigerian National Petroleum Corp. (Nigeria)
National Oil Company (Libya)
OAO Gazprom (Russia)
OAO Rosneft (Russia)
PetroChina Co. Ltd. (China)
BP Corporation (United Kingdom)
Egyptian General Petroleum Corp. (Egypt)
ExxonMobil Corporation (United States)
Petroleos Mexicanos (Mexico)
OAO Lukoil (Russia)
Royal Dutch/Shell (Netherlands)
Petroleo Brasilerio S.A. (Brazil)
Chevron Corporation (United States)
Petroleum Development Oman LLC (Oman)
ConocoPhillips (United States)
Petroleos de Ecuador (Ecuador)
Suncor Energy Inc. (Canada)
Dubai Petroleum Company (UAE)
Canadian Natural Resources (Canada)
Occidental Petroleum Corp. (United States)
China National Offshore Oil Corp. (China)
Apache Corp. (United States)
Devon Energy Corporation (United States)
EnCana Corp. (Canada)
Repsol YPF (Spain)
Anadarko Petroleum Corp. (United States)
Chesapeake Energy Corp. (United States)
EOG Resources (United States)
Canadian Oil Sands Ltd (Canada)
Myanma Oil & Gas Enterprise (Myanmar)
Talisman Energy Ltd. (Canada)
Hess Corp. (United States)
BG Group PLC (United Kingdom)
Marathon Oil Corp. (United States)
Pioneer Natural Resources (United States)
A growing number of natural resource companies are recognizing that an internationally consistent standard is needed to require all international oil companies to be more transparent. These companies should include oil companies from Russia, China, India, and South America that are currently expanding.
International Oil Company Whistleblower Lawyer Jason S. Coomer Works with Oil Company Employees, International Competing Oil Companies, and Others With Knowledge of International Oil Lease Bribes and Oil Company Fraud
International Oil Company Bribes and other FCPA violations as well as , International Oil Company False Reports and other SEC violations are forms of fraud that can result in whistleblower bounty actions, shareholder lawsuits, and several other types of litigation. Petroleum employees including petroleum accountants, petroleum executives, and other oil company employees with original information of significant oil company fraud, international oil lease bribes to government officials, and other illegal conduct a large oil company may be able to collect a large reward through several whistleblower laws.
The key to obtaining a large whistleblower award is to make sure that as the international oil company whistleblower you are the first to file with sufficient evidence of significant fraud.
International Oil Company False SEC Report Lawyers, International Oil Company Government Corruption Bribe Lawyers, International Oil Company Illegal and Unfair Competition Lawyers, and Oil Company Foreign Corrupt Practices Act Violation Lawyers Help International Whistleblower Expose Government Corruptions and Collect Whistleblower Rewards
Oil Companies that pay illegal kickbacks and bribes to government officials and former government officials in exchange for drilling contracts, pipeline contracts, oil leases, offshore drilling, mining contracts, and other large building projects can be brought to justice and made to pay large penalties under the Foreign Corrupt Practices Act. The whistleblowers that bring these corporations to justice may be able to collect large economic rewards under the Securities Exchange Act (SEC Whistleblower Bounty Actions) and the Commodity Exchange Act (CFTC Whisteblower Bounty Actions).
The Oil Company Illegal Bribe Whistleblower or Petroleum Executive Illegal Kickback Whistleblower may be entitled to not only the amount of the illegal bribe or kickback, but the benefit of the illegal bribe or kickback. In cases where $100,000.00 bribe is made to obtain a $100 million pipeline, the Petroleum Executive Illegal Bribe Whistleblower or Oil Company Illegal Kickback Whistleblower may be entitled to 10 to 30% of the $100,000,000.00 and the $100,000.00 translating into a $10 million to $30 million award.
International Oil Company False SEC Report Lawyer, International Oil Company Government Corruption Bribe Lawyer, International Oil Company Illegal and Unfair Competition Lawyer, and Oil Company Foreign Corrupt Practices Act Violation Lawyer
As an International Oil Company False SEC Report Lawyer and International Oil Company Government Corruption Lawyer, Jason S. Coomer helps works with honest oil companies, petroleum accountants, petroleum executives, and other petroleum professions that want to confidentially blow the whistle on illegal actions committed by international oil companies.
If you are the original source with special knowledge of fraud and are interested in learning more about a potential oil company whistleblower lawsuit, please feel free to contact International Oil Company Government Corruption Lawyer, Jason S. Coomer