Category: Legal issues

Petrobras investors claim PwC ignored red flags of fraud

Petrobras and its senior executives violated provisions of U.S. and Brazilian corporate law, according to a complaint in Manhattan federal court.  More »

A Houston oil company’s foiled Venezuelan sale is prompting reorganization talk

The company’s stock was down slightly less than a cent in trading Monday — 0.008 or 1.67 percent — to $0.448.  More »

BP says paying a fraction of oil spill bill could put its U.S. unit in trouble

Fines for the 2010 Deepwater Horizon disaster could reach as high as $13.7 billion against BP.  More »

DOJ: Schlumberger violated Iran sanctions, will pay $232 million fine

The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years.  More »

Duke Energy to appeal $25.1M fine by NC regulators

The state Department of Environment and Natural Resources previously called the penalty the state’s largest for environmental damages.  More »

Ex-W.Va. coal boss pleads not guilty in mine safety case

Blankenship entered his plea on Tuesday at an arraignment hearing in U.S. District Court in Beckley.  More »

Northeast gas pipeline progresses, to some landowner dismay

Of 651 landowners in New York and Pennsylvania affected by the $700 million pipeline project, 125 refused to sign right of way agreements.  More »

Cheniere settles investor suits over nearly $2 billion in pay

Cheniere CEO Charif Souki’s take home in 2011 climbed to $142 million, the highest amount for any U.S. public-company chief executive  More »

Industry swiftly challenges feds’ new fracturing rule

The lawsuit brought by the Independent Petroleum Association of America and the Western Energy Alliance challenges the new mandates as “a reaction to unsubstantiated concerns.”  More »

China indicts former oil boss on corruption charges

Jiang Jiemin was charged with abusing his position at China National Petroleum Corp. and taking bribes, which led to large losses of public money, the national prosecutor’s office said in a statement.  More »

Federal judge dismisses lawsuit targeting Exxon over Arkansas oil spill

It’s unknown whether the plaintiffs plan to appeal.  More »

Quicksilver Resources seeks bankruptcy

Quicksilver, which had around 340 employees in February 2014, has asked the federal bankruptcy court for approval to continue its business as normal and to keep paying employee wages and salaries and providing benefits.  More »

Chemical Safety Board prevails in Deepwater Horizon case

In a dispute over Deepwater Horizon documents, the International Association of Drilling Contractors has warned that a court ruling in favor of the Chemical Safety Board would upset decades of precedent governing the offshore oil sector.  More »

Duke Energy to settle lawsuit over CEO ouster

Bill Johnson’s ouster was “the most blatant example of corporate deceit that I have witnessed during a long career on Wall Street,” John Mullin III, the former lead director of Progress Energy, said at the time.  More »

Protesters target Apache over Argentine drilling

Apache called the claims “without merit.”  More »
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