A tall steel tower on board the Cidade de Angra Dos Reis flares natural gas extracted from Petrobras’ Tupi field. (Houston Chronicle)

United States’ SEC subpoenas Brazil’s Petrobras

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The subpoena is the latest chapter in a saga about the corruption scandal at Petrobras.
(Nabors photo)

C&J Energy ordered to pause merger with Nabors unit

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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.
Food and Farm Sorghum Ethanol.JPEG-043fc

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

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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.
Categories: Biofuels, Legal issues
BPsign

BP asks judge to cap spill penalties at $12 billion

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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.
(Tom Reel/San Antonio Express-News)

Eagle Ford trial settled

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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.
(AP Photo/Log Cabin Democrat, Courtney Spradlin)

Exxon Mobil denies making spill papers secret

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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.
William Transier (Endeavor)

Endeavour International boss to relinquish CEO post

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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.
A Gunnison Sage Grouse. (AP Photo/Colorado Parks and Wildlife, Dave Showalter)

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

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The sage-grouse was just one of several unique species in the way of oil and gas development in protected areas this year.
Harold Hamm and ex-wife Sue Ann Arnall at the the TIME 100 Gala on April 24, 2012 in New York City.  (Photo by Kevin Mazur/WireImage for TIME)

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

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Sue Ann Hamm’s settlement was the largest in U.S. history, but could get even bigger.
California Attorney General Kamala Harris said the state would join the lawsuit brought by a BP whistleblower. (AP Photo/Rich Pedroncelli)

California accuses BP of inflating gas contract

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