Category: Legal issues

Enterprise Products ordered to pay $535M in partnership case

A Texas judge ordered Houston’s Enterprise Products Partners to pay $535.8 million to another pipeline operator in a dispute over a partnership to build a crude oil pipeline.  More »

Judge orders Kurdish crude seized if unloaded

A federal judge ordered U.S. Marshals to seize any crude offloaded from an oil tanker anchored off the Galveston coast carrying 1 million barrels of Kurdish crude.  More »

Investors go after Cheniere’s defense of stock grants

Cheniere Energy investors say the company can’t use stock exchange rules to justify $1.86 billion in stock grants they claim were never legally approved by shareholders.  More »

Russia ordered to pay $50 billion over Yukos

An international court on Monday ordered Russia to pay more than $50 billion to the former majority shareholders of now defunct oil company Yukos, ruling that the state engaged in a ruthless campaign to destroy what was once the country’s biggest oil producer.  More »

Texas refiner sues Utah county over pipeline rules

Tesoro Corp. wants to build a 135-mile pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries.  More »

BP asks Texas judge to dismiss UK suits

Attorneys for BP asked a federal judge on Friday to dismiss UK investors seeking damages in Texas for the Deepwater Horizon disaster.  More »

Case shows perils of standard language in non-binding deals

A lawsuit over a pipeline dispute could affect how companies draw up documents for preliminary partnership agreements.  More »

Cheniere defends $1.77B in stock awards

Cheniere Energy wants a Delaware court to validate $1.77 billion in restricted stock awards to top brass and employees in the face of a shareholder lawsuit that alleges investors never approved the grants.  More »

U.S. Imposes duties on steel pipe imports from South Korea

he U.S. Commerce Department set duties from 9.89 percent to 15.75 percent on Korean pipe, which is used in oil drilling, according to a fact sheet released today by the agency. Last year, pipe worth $818 million was exported to the U.S. from South Korea.  More »

Oil slips closer to $103 as supply fears recede

Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.  More »

Drillers: BP can’t escape liabilities by blaming feds for moratorium

Plaintiffs’ attorneys say BP can’t dismiss lawsuits from drillers and oil-field service companies by arguing it was the federal government’s fault they lost money during the Gulf of Mexico drilling moratorium in 2010.  More »

Lawsuit aims to block US-approved Nevada drilling

The Bureau of Land Management concluded in an environmental analysis in February that energy exploration resulting from the sale of the leases would have little or no impact across about 270 square miles of central Nevada’s Lander, Nye and Esmeralda counties.  More »
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