Category: Legal issues

BP says judge’s fact findings should limit its spill liability

BP is arguing in court that certain findings in a federal judge’s recent ruling actually work in its favor.  More »

Cheniere Energy shareholders say ‘nay’ on pay

In a non-binding vote, Cheniere Energy shareholders have rejected the company’s 2013 compensation for its top brass, including $142 million in salary and stock grants for CEO Charif Souki.  More »

BP asks Texas Supreme Court for ruling that would cut spill costs

The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry.  More »

Occidental agrees to $190 million settlement with New Jersey

Occidental Petroleum Corp.’s chemical subsidiary has agreed to pay New Jersey $190 million to resolve liability stemming from damages to the Passaic River, the state’s attorney general announced Monday.  More »

Original oil claims boss sides with BP in Supreme Court fight

The man who was in charge of BP’s original oil spill fund has urged the U.S. Supreme Court to require claimants to prove their losses were tied to the 2010 disaster.  More »

Moody’s outlook on BP debt turns negative after ruling

Moody’s Investors Service changed its outlook on billions of dollars of BP’s corporate debt from stable to negative a few days after a federal court’s ruling in the Deepwater Horizon case.  More »

Britain goes to bat for BP in Supreme Court brief

The British government is asking the U.S. Supreme Court to show mercy on BP as the London oil company faces steep costs for the 2010 Gulf of Mexico oil spill.  More »

Punitive damages question lingers in BP oil spill case

The question of whether BP can be charged for punitive damages for its role in the 2010 Gulf of Mexico oil spill could compel the Supreme Court to take up the matter, legal experts say.  More »

It’s not just oil, power due to be overhauled in Mexico

Mexico’s landmark energy reforms have mostly been discussed from the perspective of oil and gas production, but industry experts are also hoping the changes will prove transformative for Mexico’s electric power industry.  More »

Judge rules BP was grossly negligent in oil spill

A federal judge on Thursday ruled that BP’s oil spill in the Gulf of Mexico four years ago was the result of gross negligence or willful misconduct by the London oil company.  More »

Halliburton reaches $1.1 billion Gulf spill settlement

Halliburton said Tuesday it reached a $1.1 billion settlement with a majority of plaintiffs who sued the Houston oil field service company in the wake of the 2010 Gulf of Mexico oil spill.  More »

Hilcorp drops bid to force drilling on holdouts

The Houston-based company had sought to use a 1961 Pennsylvania law to drill under the property of a few holdout landowners in New Bedford, near the Ohio border north of Pittsburgh.  More »
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