A federal judge Monday threw out an obstruction of Congress charge against a former BP executive who had been accused of lying about the amount of oil that was flowing after the 2010 Gulf of Mexico oil spill. More »
Texas on Friday joined other Gulf states suing BP for environmental damage caused by the 2010 Gulf of Mexico oil spill. More »
A federal judge Friday ordered a delay of nearly six months in the trial of a former BP engineer charged with obstruction of justice in connection stemming from his actions after the 2010 Gulf of Mexico oil spill. More »
Lawyers for a former BP executive charged with lying to Congress about how much oil was flowing following the 2010 Gulf of Mexico spill say the government is trying to manufacture a conflict of interest to disqualify one the defendant’s attorneys on the eve of trial. More »
Several major oil firms, including BP, Statoil and Royal Dutch Shell, have been caught up in a price-fixing probe in Europe. More »
The sudden announcement Monday that Transocean’s board chairman plans to retire could be viewed as an acknowledgement that billionaire investor Carl Icahn has the votes to get the incumbent ousted at this week’s contentious annual meeting. More »
With his trial a month away, a former BP engineer is renewing claims that obstruction of justice charges should never have been brought against him over his actions after the 2010 Gulf of Mexico oil spill and if prosecutors move forward they should be made to play by the rules. More »
Chevron Corp. (CVX) is entitled to unspecified damages against the federal government in a contract dispute over oil deposits in California worth $37 billion, the U.S. Court of Claims ruled. More »
Chevron Corp. is entitled to unspecified damages against the federal government in a contract dispute over oil deposits in California worth $37 billion, the U.S. Court of Claims ruled.
Jeffrey Skilling, the convicted former Enron Corp. chief executive, may get out of prison in four years if a federal judge approves a deal proposed by prosecutors that would allow the payment of more than $40 million to victims of one of the biggest financial frauds in U.S. history.
California regulators recommended Monday that Pacific Gas & Electric Co. pay a record $2.25 billion fine for decades of negligence that led to a deadly gas pipeline explosion that leveled a San Francisco Bay Area neighborhood. More »
The continuing uncertainty over BP’s remaining liabilities from the 2010 Gulf of Mexico oil spill isn’t a major influence on the individual exploration and production projects it is choosing to do around the world, even in the face of cost inflation for materials and services, a company executive says. More »
BP says the amount of money it will spend on early restoration projects to repair damage to the environment caused by the 2010 Gulf of Mexico oil spill has now reached $665 million, more than half of the up to $1 billion it committed two years ago to spend. More »
Kenneth Feinberg, the Washington lawyer who previously ran the compensation fund for victims of the 2010 Gulf of Mexico oil spill, will head up a fund for victims of last month’s Boston Marathon bombings. More »
Transocean said Friday that dissident shareholder Carl Icahn’s three nominees to serve on the company’s board are “captive to his misguided agenda” in a regulatory filing that stepped up the war of words between the Swiss drilling contractor and the billionaire investor. More »