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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.
Tesoro Corp. wants to build a 135-mile pipeline to carry crude oil from the Uinta Basin to Salt Lake City refineries.
Attorneys for BP asked a federal judge on Friday to dismiss UK investors seeking damages in Texas for the Deepwater Horizon disaster.
A lawsuit over a pipeline dispute could affect how companies draw up documents for preliminary partnership agreements.
Cheniere Energy wants a Delaware court to validate $1.77 billion in restricted stock awards to top brass and employees in the face of a shareholder lawsuit that alleges investors never approved the grants.
he U.S. Commerce Department set duties from 9.89 percent to 15.75 percent on Korean pipe, which is used in oil drilling, according to a fact sheet released today by the agency. Last year, pipe worth $818 million was exported to the U.S. from South Korea.
Oil has been falling steadily since it hit a 10-month closing high of $107.26 on June 20 as the Iraqi government has slowly re-established stability.
Plaintiffs’ attorneys say BP can’t dismiss lawsuits from drillers and oil-field service companies by arguing it was the federal government’s fault they lost money during the Gulf of Mexico drilling moratorium in 2010.
The Bureau of Land Management concluded in an environmental analysis in February that energy exploration resulting from the sale of the leases would have little or no impact across about 270 square miles of central Nevada’s Lander, Nye and Esmeralda counties.
Court documents filed this week show Energy Future Holdings CEO John Young, directors and other executives collected a combined $25.5 million in compensation in the year before the Dallas power generator filed for bankruptcy.