(construct/Flickr)

Exxon Mobil to pay civil penalty for 2012 oil spill

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The U.S. Department of Justice and the Environmental Protection Agency said Tuesday the company will pay the penalty to resolve the government’s claim.
(Image: Fotolia)

Guest commentary: Eight steps to plug cybersecurity holes

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Since governmental guidelines and voluntary practices of today can quickly turn into the requirements of tomorrow, the oil and gas pipeline industry can prepare now.
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Judge tosses suit claiming BP misled regulators about Gulf platform

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Plaintiffs who brought a $256 billion lawsuit against BP have “no facts” to back up their claim the company misled regulators about the safety of a deep-water production platform, a federal judge has ruled.
(StockMonkeys.com/Flickr)

Kansas town loses bid for new trial over BP pollution suit

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The Kansas Court of Appeals on Friday rejected the request from residents and officials of Neodesha, who sued in 2004 for more than $478 million in cleanup costs plus damages.
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.
Yellow oil barrels

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.