In the wake of a courtroom defeat this week, BP’s top brass is still mulling over whether to take the company’s legal fight over its multibillion-dollar oil spill settlement to the Supreme Court. But the high court likely will not take up the case even if the London oil company requests its judgment, legal experts said Tuesday. More »
A Houston federal court jury awarded $3 million to an African-American welder who said he was fired after complaining of racial discrimination at National Oilwell Varco. More »
The United States has brought first-of-its kind cyber-espionage charges against five Chinese military officials accused of hacking into U.S. companies to gain trade secrets. More »
Exxon Mobil Corp. isn’t responsible for alligators overrunning a rural dump site it owns in Mississippi, the state supreme court ruled, because the global oil explorer can’t control wild animals. More »
nergy Future isn’t entitled to a “windfall” from failing to pay the premium owed for early redemption of debt, CSC Trust Co. of Delaware, which represents most holders of a unit’s $3.5 billion in 10 percent senior secured notes, said in the lawsuit More »
A former top energy official for Mexico on Thursday said it may be too early for Pemex to promise to farm out land rights to private companies looking to develop massive energy resources that the state-run oil company is expected to acquire soon. More »
In February, Banamex said oil services company Oceanografia had used falsified invoices as collateral to obtain $585 million in loans. More »
Argentine President Cristina Fernandez is accused of abusing her power and harming the environment by issuing a decree last year that facilitated the deal.
The Quebec provincial prosecutor’s office said 47 counts of criminal negligence have been filed against engineer Thomas Harding, manager of train operations Jean Demaitre, and Richard Labrie, the railway’s traffic controller. More »
Chesapeake said it was cleared by the Securities and Exchange Commission . More »
Houston lawyer Glenn Legge notes that the current administration is reinforcing its position that violations of federal offshore regulations — including submitting false, inaccurate, or misleading reports — can lead to criminal charges. More »
Before Energy Future Holdings Corp. can start fighting junior creditors opposed to the company’s more-than $40 billion bankruptcy plan, the judge overseeing the case must pick the battleground.
Tuesday’s filing in Delaware is the result of months of wrangling among creditors, owners and management, and represents the failure of a bet that natural-gas prices would rise enough to justify the $48 billion price. More »
Energy Transfer Partners is asking a judge to award it $914.6 million for damages it suffered over an alleged joint venture with Houston-based Enterprise Products Partners that failed in 2011. More »
As survivors of the blast looked on, attorneys for California’s largest utility entered the plea in federal court in San Francisco to 12 felony violations of federal pipeline safety laws. More »