Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company. More »
A fight over whether oil companies may be sued over damage to Louisiana’s coastal marshes has been appealed to the state’s high court. More »
A federal appeals court has refused to reconsider its 2014 ruling that BP cannot avoid federal penalties for the 2010 Gulf of Mexico oil spill by blaming another company’s failed equipment. More »
The ruling now shifts attention to the nation’s capital, where the State Department, Congress and the White House all are playing a role in deciding whether TransCanada Corp. wins a permit to build the $8 billion border-crossing pipeline. More »
Oklahoma fracking billionaire Harold Hamm’s ex-wife cashed a check he sent her to cover the almost $1 billion awarded as alimony in their divorce, his lawyer said.
A Houston federal judge has asked for an update on settlement negotiations between Iraq and Kurdistan over a cargo of oil anchored in the Gulf of Mexico since July. More »
The check delivered to her legal team would have paid off the full amount awarded to Sue Ann Arnall in a November divorce ruling. More »
Only Royal Dutch Shell and Total have publicly committed to not carry out or support extractive activities in World Heritage sites. More »
Exxon Mobil says it shouldn’t have to release any further information on a proposed but abandoned pipeline intended to run alongside the Pegasus pipeline that ruptured in 2013 in central Arkansas.
As measured by the Bloomberg Billionaires Index, Harold Hamm’s net worth has been reduced by a third to $10.6 billion. Hamm said Arnall will now get a larger share of their combined wealth than intended by the judge. More »
BP’s statement comes after Bloomberg reported late Monday that currency traders for the oil company allegedly got tips about upcoming trades and other confidential information from other market sources. More »
The regulator, Ryan Sitton, will be sworn in next week to join the three-member board of the Texas Railroad Commission. Though he did not specify a date, he said he will resign as chief executive of the company, Pinnacle Asset Integrity Services, placing his ownership stake in a blind trust. More »
Dominion filed lawsuits earlier this week in circuit courts against 20 property owners in Nelson County and 27 in Augusta County. That number is expected to double, the company said. More »
Souki’s $142 million in compensation for his role in 2013 – mostly on paper, in stock grants – drew raised eyebrows from investors this year. More »
BP’s U.S. oil unit says high penalties for the Deepwater Horizon disaster would drain its available funds next year and dramatically weaken its finances amid plunging crude prices. More »