Category: Legal issues

Lucas Energy defaults on debt, weighs sale or outside investment

The company’s debt default comes after oil prices have been cut in half since their 2014 peak in June.  More »

Anadarko didn’t pay cleanup costs for Gulf of Mexico oil spill, U.S. witness says

The statement may undermine the company’s argument that it shouldn’t be fined for the spill, while the U.S. government seeks more than $1 billion from Anadarko.  More »

Moncrief Oil drops $1.37 billion claim against Russian energy company in middle of trial

Lawyers for Moncrief told Tarrant County District Judge Melody Wilkinson over the weekend that they wanted to dismiss its claims against OAO Gazprom, which is the world’s largest extractor of natural gas and has annual revenues exceeding $350 billion.  More »

Legal battles from 2010 spill to unfold in 2 U.S. courtrooms

On Monday, trial resumes in a federal district courtroom where BP and a minority partner in its ill-fated Macondo well are trying to fend off billions in Clean Water Act penalties.  More »

Shell planning to restart Arctic drilling this year

Shell is planning on spending $1 billion to drill exploratory oil wells in Arctic waters north of Alaska this year — as long as it clears legal and permitting hurdles, said CEO Ben Van Beurden.  More »

BP turns to environmental impact, financial state in oil spill penalty trial

BP will continue to build its case for lower environmental fines Tuesday in the long-running legal fight over how much it should pay for fouling the Gulf of Mexico in 2010.  More »

Spill trial: BP makes its case for lower pollution fines

BP’s fourth and final witness, Robert Cox, a practicing physician and toxicologist at the University of Mississippi Medical School, said he found the oil spill and the efforts to clean it up left no significant adverse human health impacts or threats to public health, based on his analysis of exhaustive state and federal data.  More »

U.S. witness: Spill response removed far less crude than BP expert estimates

A retired Coast Guard official testified Wednesday the massive oil spill response BP managed out of Houston in 2010 fell short of typical efforts to remove crude from the ocean.  More »

Oil spill intensified Gulf inequality amid economic damage, U.S. witness says

Gushing oil in the Gulf of Mexico caused serious and widespread sociocultural destruction in Louisiana and other states and exacerbated inequality in a region marked by economic immobility, the U.S. government’s second witness in BP’s oil spill case said Tuesday.  More »

First U.S. witness gives BP oil spill response high grade

Coast Guard Rear Admiral Meredith Austin noted that BP personnel had inappropriately packed up equipment at various branches of the response effort before the runaway Macando well was finally killed in September.  More »

BP, U.S. attorneys clash in opening statements in oil spill trial

A U.S. prosecutor said in court Tuesday that BP shouldn’t see its environmental fines reduced much from the maximum $13.7 billion just for complying with the law.  More »

BP penalty trial begins in New Orleans

A federal judge on Tuesday will hear arguments from BP and U.S. government attorneys and experts in the long-running civil case over the 2010 Gulf of Mexico oil spill.  More »

Canadian drilling services firm files bankruptcy

A Canadian company that expanded into South Texas in 2012 with a pioneering waterless technique to fracture shale rock has filed for bankruptcy protection as it seeks to reorganize.  More »

Anadarko oil spill fines cut by $1.1 billion after ruling

The Woodlands-based oil company had owned 25 percent of the doomed Macondo well and is on the hook for up to $1,100 in fines for every barrel that reached the Gulf of Mexico in 2010.  More »

U.S. judge: BP’s lies about flow rate didn’t hinder Gulf oil spill response

“There is no dispute that BP lied,” about how much oil flowed from the Macondo well during the 2010 Gulf of Mexico oil spill, U.S. District Judge Carl Barbier said, but that didn’t factor in to the effort to stop the blowout.  More »
Page 3 of 8712345...102030...Last »