A federal bankruptcy judge’s ruling that Anadarko Petroleum Corp. may have to pay up to $14 billion in liabilities shocked Wall Street on Friday. Investors have erased nearly $4 billion from the company’s market capitalization Friday. More »
A former Pennsylvania gas drilling company executive has been charged with stealing $9.2 million from his company.
The company may have to pay as much as $14 billion related to environmental cleanup and health claims. More »
A former BP drilling engineer isn’t expected to testify at his trial on charges he deleted text messages about the company’s response to its massive 2010 oil spill in the Gulf of Mexico. More »
Last week the TCEQ issued a proposed rule to allow it to regulate greenhouse gas sources under the Clean Air Act’s Prevention of Significant Deterioration Program. No surprise here. Texas business asked the state legislature to “authorize” the TCEQ to do this because it is more streamlined to have one permitting authority, and because of […] More »
A New Orleans judge ordered jurors to disregard some testimony, but declined to declare a mistrial in the case of a former BP drilling engineer from Katy who is accused of obstruction of justice in the aftermath of the 2010 Gulf of Mexico oil spill. More »
A Dimmitt County jury has awarded $281 million to the family of a man killed when he was struck by a drive shaft that broke off a truck involved in activity in the Eagle Ford Shale. More »
BP ’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision. More »
A federal judge has temporarily suspended BP oil spill settlement payments to businesses while he reconsiders the company’s arguments against compensating those that cannot trace losses directly to the nation’s worst offshore oil spill. More »
The Colorado Oil & Gas Association sued the cities of Fort Collins and Lafayette claiming their voter-enacted bans on the extraction of oil and natural gas are preempted by state laws regulating those resources. More »
Jury selection began Monday for the Justice Department’s case against a former BP drilling engineer charged with deleting text messages and voicemails about the company’s response to its massive 2010 oil spill in the Gulf of Mexico. More »
Nearly a year after energy giant BP cut a deal to a resolve a criminal investigation of its role in the nation’s worst offshore oil spill, a jury is set to hear the Justice Department’s case against a former company employee accused of trying to stymie the federal investigation. More »
It is unclear whether the foreigners in the group will be allowed to leave Russia before the start of the trial.
In a meeting Wednesday , board members “analyzed and valued positively” a proposal brokered by the governments of Spain and Argentina, the Madrid-based oil company said in a filing. More »
A Russian court has granted bail to the last of 30 Greenpeace activists who were detained at sea during a protest against oil drilling in the Arctic. More »