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.
State District Judge Emily Tobolowsky of Dallas.

Enterprise Products ordered to pay $535M in partnership case

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A Texas judge ordered Houston’s Enterprise Products Partners to pay $535.8 million to another pipeline operator in a dispute over a partnership to build a crude oil pipeline.
(StockMonkeys.com/Flickr)

Judge orders Kurdish crude seized if unloaded

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A federal judge ordered U.S. Marshals to seize any crude offloaded from an oil tanker anchored off the Galveston coast carrying 1 million barrels of Kurdish crude.
Cheniere Energy already is expanding this LNG plant in Louisiana, but federal agencies are in conflict over plans for a Texas facility. (Cheniere Energy)

Investors go after Cheniere’s defense of stock grants

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Cheniere Energy investors say the company can’t use stock exchange rules to justify $1.86 billion in stock grants they claim were never legally approved by shareholders.
(construct/Flickr)

Russia ordered to pay $50 billion over Yukos

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An international court on Monday ordered Russia to pay more than $50 billion to the former majority shareholders of now defunct oil company Yukos, ruling that the state engaged in a ruthless campaign to destroy what was once the country’s biggest oil producer.
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Texas refiner sues Utah county over pipeline rules

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Tesoro Corp. wants to build a 135-mile pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries.
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

BP asks Texas judge to dismiss UK suits

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Attorneys for BP asked a federal judge on Friday to dismiss UK investors seeking damages in Texas for the Deepwater Horizon disaster.