Deepwater Horizon

BP, Justice Department file $20.8 billion oil spill accord with court

A New Orleans judge will have to approve the consent decree after a 60-day public comment period before BP and the federal government can officially resolve their long-running legal battles over the massive 2010 oil spill.
Diezani Alison-Madueke, Nigeria's former oil minister, at OPEC's Vienna headquarters on June 11, 2014. (AP Photo/Ronald Zak)

Nigeria’s former oil minister Alison-Madueke arrested in U.K.

Diezani Alison-Madueke, a former president of the Organization of Petroleum Exporting Countries, served as Nigerian oil minister for five years until her party lost elections in March.
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

BP settlement agreement announced in July to be filed Monday

A statement from the U.S. Justice Department has says the agreement involving the federal government, five gulf states and BP Exploration and Production will be filed Monday
Trial started today for Exxon Mobil's Corp's Baytown complex in regards to accidental releases of harmful emission on Friday, Feb. 7, 2014, in Baytown. ( Mayra Beltran / Houston Chronicle )

Court upholds $236 million verdict in Exxon Mobil pollution case

A jury reached the verdict in April 2013 after finding the company liable in a long-running lawsuit over contamination by the chemical MTBE.

Miller Energy filed for bankruptcy amid SEC charges

Miller and two of its former executives were charged in August by the SEC with manipulating accounting data and falsely inflating the value of its assets in the Cook Inlet area of Alaska.
CEO John Schiller at the Energy XXI offices in Houston on Sept. 19, 2012. (Dave Rossman/For the Chronicle)

Energy XXI’s CEO received personal loans from vendors, board member

Energy XXI says it has learned its chief executive borrowed funds from acquaintances and some of the company’s vendors and received a personal loan from a member of the company’s board before the director’s appointment.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

Obama administration’s new fracking rules blocked by U.S. judge in Wyoming

The ruling by U.S. District Judge Scott Skavdahl puts on hold the most closely-watched effort by the Obama administration to ensure that fracking doesn’t contaminate water supplies.

Houston oil company settles SEC investigation over West Africa payments

The company failed to properly account for funds disbursed by its Guinean subsidiary and did not do a good enough job vetting third-party vendors, which led to a violation of the Exchange Act that requires companies to keep detailed records of all transactions, the SEC said in its order.

Keystone XL developer drops landowner lawsuits in Nebraska

The developer of the Keystone XL pipeline is shifting course in Nebraska and will withdraw lawsuits seeking to gain access to the property of landowners who oppose the project, the company announced Tuesday.
A  2010 file photo shows a sign at a BP  station in London. (AP Photo/Alastair Grant, File)

BP has big defense against hostile takeover attempt

potential buyer might be forced to accelerate the payment of up to two thirds of the $18.7 billion in penalties the company agreed to pay the U.S. and several states, according to company filings. As it stands, BP has more than 15 years.