The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Feds say firm pumped up stock with false claims about fracturing technolgy

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Houston-based Chimera Energy and four individuals pumped up the company’s stock prices by falsely claiming to have technology for a water-free alternative to hydraulic fracturing, federal regulators allege.
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

Attorneys: BP not entitled to get Gulf settlement payments back

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Plaintiff attorneys say BP has no right to recover any alleged overpayments made through the multibillion-dollar Gulf oil spill settlement it reached two years ago to repair the coastal economy.
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Judge OKs BP’s subpoena of fed documents for now

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A federal judge is allowing BP to negotiate the scope of a massive subpoena aimed at gathering government documents related to the Gulf of Mexico deep-water drilling moratorium.
A sign at the entrance to the Schlumberger campus in Sugar Land, Texas (AP Photo/Pat Sullivan, file)

Schlumberger: Russian sanctions could affect profits

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Schlumberger is the third international oil field services company with Houston operations to warn that U.S. and European Union sanctions against Russian may start hurting profit.
Cobalt International Energy used the Petroserv SSV Catarina Rig to drill the Lontra #1 discovery well off the coast of Angola.  (Cobalt International Energy)

Cobalt falls after SEC Angola case moves forward

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The company said it’s cooperating with the SEC and believes its activities in Angola have complied with all laws.
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Parnon, Arcadia to pay $13 million in price-rigging suit

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Parnon Energy, an oil logistics company, and London-based oil trader Arcadia Petroleum Ltd. agreed to pay $13 million to settle a U.S. regulator’s claims they manipulated oil futures prices.
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Regulator alleges Houston oil company misled investors

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The Securities and Exchange commission on Monday charged independent exploration and production company Houston American Energy Corp. and its CEO with making false claims about the company’s oil reserves.
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BP appeals to Supreme Court on spill settlement

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BP wants the U.S. Supreme Court to intervene in a months-long battle over who can get paid for oil spill damages.
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Northern Courier Approval Highlights Pipeline Politics

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In stark contrast to the continuing delay of the Keystone XL pipeline project, Trans Canada’s Northern Courier pipeline project has gone from initial application to regulatory approval in a mere 16 months. The Northern Courier project is actually two parallel pipelines, one to carry bitumen and another to carry diluent from the Fort Hills mine […]
(Image: Fotolia)

Feds: BP can’t dismiss lawsuits by blaming drilling moratorium

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The Justice Department has joined a fight against BP’s efforts at dismissing lawsuits by deep-water drillers and oil-field service firms alleging damages from the 2010 Gulf of Mexico oil spill.