Category: Legal issues

Deepwater Horizon damages paid with almost no error, audit shows

The Deepwater Horizon claims office that BP has painted as the source of hundreds of millions in unjust and fictitious payments actually has dispersed damage awards with a 99.5 percent accuracy rate, according to an audit released in court papers Tuesday.  More »

United States’ SEC subpoenas Brazil’s Petrobras

The subpoena is the latest chapter in a saga about the corruption scandal at Petrobras.  More »

C&J Energy ordered to pause merger with Nabors unit

The judge ruled that during a 30-day suspension of the deal, C&J Energy’s board must shop the deal to other buyers in order to get the best price possible.  More »

Jury orders Irish man to pay $2M over ethanol deal

Jurors are ordering a wealthy Irish investor to pay $2 million in damages to an Iowa doctor in a dispute over an ethanol development in eastern Europe.  More »

BP asks judge to cap spill penalties at $12 billion

BP wants a federal judge to cap its potential oil-spill pollution fines at a maximum of $12.3 billion, a move that would cut away nearly a third of the penalties U.S. prosecutors are seeking for the Deepwater Horizon disaster.  More »

Eagle Ford trial settled

More than half of the trust’s beneficiaries had sued JPMorgan for more than $415 million in damages, alleging that the nation’s largest bank had cut sweetheart deals with some of its commercial clients for the mineral rights.  More »

Exxon Mobil denies making spill papers secret

Plaintiffs in the case are asking a federal judge to force Exxon Mobil to prove that the information in hundreds of thousands of maintenance and repair documents on the pipeline need to be kept secret.  More »

Endeavour International boss to relinquish CEO post

Endeavour International, a Houston oil explorer that has filed for bankruptcy protection, says its top boss William Transier will relinquish his role as CEO and president next month.  More »

Endangered animals, environmental groups among industry’s biggest foes in 2014

The sage-grouse was just one of several unique species in the way of oil and gas development in protected areas this year.  More »

Continental CEO’s ex-wife to appeal $1 billion divorce settlement

Sue Ann Hamm’s settlement was the largest in U.S. history, but could get even bigger.  More »

California accuses BP of inflating gas contract

The state sued BP in San Francisco County Superior Court this week.  More »

Eagle Ford Shale mineral-rights trial moves forward

JPMorgan Chase Bank, as one-time trustee of the South Texas Syndicate Trust, is accused by some of the trust’s beneficiaries of mismanaging the mineral rights to 132,000 contiguous acres in LaSalle and McMullen counties.  More »

Hearing held in flood board’s oil industry lawsuit

U.S. District Judge Nanette Jolivette Brown heard more than two hours of arguments on multiple issues, including the energy companies’ contention that the lawsuit seeks relief from the court that should be left to regulatory agencies.  More »

T. Boone Pickens’ son demands $15.6 million in lawsuit

T. Boone Pickens’ son is suing his father over $15.1 million in interest he claims he’s owed from one of the companies in the oil maganate’s empire.  More »

Former NSA chief: Congress must pass cyber laws to protect energy, finance

More than half of the 200 or so cyber-attacks reported to the Department of Homeland Security’s industrial control systems emergency response team have targeted energy companies, and and economic espionage cases have more than doubled in the last 18 months.  More »
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