Seven people have pleaded guilty to stealing money from an oil spill settlement fund, Alabama Attorney General Luther Strange announced Monday. More »
BP renewed its request Monday that a federal judge temporarily suspend all payments from its multi-billion dollar Gulf oil spill settlement. More »
The oil field services company’s day of reckoning finally comes Thursday, not for conduct leading up to the disaster but rather what it did afterward: destroying what the government regarded as evidence. More »
BP Plc (BP/) deliberately exposed neighbors of a Texas refinery to tons of cancer-causing gases for weeks without warning in 2010, a lawyer told a Texas jury. More »
Attorney General Kathleen Kane has filed criminal charges against XTO Energy, Inc. over a 2010 spill of natural gas drilling wastewater in Lycoming County. More »
Justice Department prosecutors have urged a federal judge to reject a request to postpone the manslaughter trial of two BP supervisors who worked on the rig that exploded in the Gulf of Mexico in 2010. More »
Executives of Chinese oil giant PetroChina Ltd. have been told to hand in their passports as an anti-corruption investigation of the industry spreads, a newspaper said Tuesday. More »
The trial is set to begin next month in federal court in Manhattan, More »
BP Plc (BP/) faces the first of almost 48,000 toxic exposure claims from neighbors of a Texas refinery who say they’ll give the billions of dollars in punitive damages they’re seeking to charity if they win at trial.
Five more executives of Chinese oil companies are being questioned in a spreading anti-graft probe of the industry, a newspaper reported Monday. One of the companies rejected the report as inaccurate. More »
An independent probe led by former FBI Director Louis Freeh found evidence of a lawyers’ plot to “corrupt” the BP settlement program but nothing that warranted shutting down payments to victims of the company’s 2010 oil spill in the Gulf of Mexico, according to a report issued Friday. More »
The Indiana Supreme Court is set to hear arguments over a contract that would require the state to buy synthetic natural gas from a private southwestern Indiana plant and resell it on the open market. More »
PetroChina Co. (857), the oil producer that became the first $1 trillion company, is the target of a widening anti-corruption probe that threatens the biggest shakeup of China’s oil industry in 15 years. More »
The head of the commission that oversees China’s major state-owned companies was fired Tuesday in a spreading corruption investigation that appears to be an effort by the country’s new leaders to tighten control over government industries. More »
Lawmakers are examining banks’ roles in commodities markets.