The Securities and Exchange Commission will revise regulations requiring oil and natural gas companies to publicly disclose payments made to foreign governments, the commission said. The U.S. District Court for the District of Columbia ordered the SEC to dismiss the rules in July, and the commission chose not to appeal. "The rule would have jeopardized transparency efforts already underway by making American firms less competitive against state-owned oil companies," the American Petroleum Institute said.

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Platts, Reuters

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