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 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.
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 »
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 »
Court documents filed this week show Energy Future Holdings CEO John Young, directors and other executives collected a combined $25.5 million in compensation in the year before the Dallas power generator filed for bankruptcy. More »
Facing a shareholder lawsuit over “excessive” executive paydays, Cheniere Energy told a Delaware court last week it won’t ask investors to approve $2.2 billion in stock awards to its top brass. More »
A man charged with trying to blow up a Dallas-area natural gas pipeline corresponded with imprisoned Unabomber Ted Kaczynski before the 2012 blast. More »
BP want back millions of dollars in oil spill claims payments it says were “erroneous.” More »
A Supreme Court ruling Monday will make it easier for Halliburton to fight a lawsuit brought by investors who allege the company misled them. More »
The companies’ conduct was “wanton, malicious, oppressive and fraudulent,” the lawsuit said, and they “fraudulently, deceptively and unfairly” marketed MTBE as safe for the environment. More »
Along with oil prosperity in North Dakota has come a spasm of crime unlike any before on the prairie. Where farmers once sealed deals with a handshake, authorities now contend with drug gangs, meth labs, and violent crimes. More »
Paul Perea, moving to Tudor, Pickering, Holt & Co. from Baker Botts, is the first to hold the title of general counsel at TPH. More »
Cheniere Energy and its executives asked a Delaware court late Monday to throw out a shareholder lawsuit that challenged $1.7 billion in stock awards, including most of CEO Charif Souki’s pay last year. More »
Prosecutors said Tuesday that deciding whether to appeal Duval’s order will take time and will require involvement of top Justice Department officials. More »
Cheniere Energy may face a tough fight al battle over $1.6 billion in compensation investors claim in a lawsuit should be returned.