Category: Legal issues

BP spill settlement is $2.4 billion windfall for wildlife

Oil was still gushing from BP Plc (BP/)’s Macondo well in 2010 when a little-known non-profit rushed to establish a new resting area for more than 1 billion migratory birds that stop each year at the Gulf of Mexico.  More »

BP’s $4.5 billion plea includes manslaughter

British oil giant BP says it has agreed to pay $4 billion to the U.S. government over five years to resolve all criminal claims stemming from the 2010 Gulf of Mexico rig explosion and oil spill.  More »

Groups seek expansion of Wyo. coal mining lawsuit

Environmental groups asked a judge Thursday to expand the scope of a lawsuit they’ve filed against the U.S. Forest Service over plans to mine coal in northeast Wyoming.  More »

Judge OKs sale of former Solyndra headquarters

A Delaware bankruptcy judge has approved the sale of failed solar power company Solyndra’s former headquarters to Seagate Technology for about $90 million.  More »

In BP settlement, felonies matter more than fines

Jason Anderson, Dale Burkeen, Donald Clark, Stephen Curtis, Gordon Jones, Roy Wyatt Kemp, Karl Kleppinger, Blair Manuel, Dewey Revette, Shane Roshto and Alan Weise. It’s worth remembering those names as BP announces its huge criminal settlement related to the Deepwater Horizon disaster.  More »

After BP spill, information trickled as oil gushed

BP and the U.S. government portrayed in public a united front as a runaway well spewed oil into the Gulf of Mexico in 2010. But they privately sought to withhold potentially critical information from each other, possibly slowing efforts to solve the crisis, according to new testimony.  More »

Baker Hughes chairman says U.S. will face shale gas competition

The energy industry must educate the public and its elected officials about the benefits of technologies driving the natural gas shale boom, Baker Hughes’ chairman says.  More »

Industry survey finds doubts about idea of U.S. oil self-sufficiency

More than half of the oil and gas professionals who responded to a new survey say the United States will never be completely self-sufficient in terms of oil production.  More »

BP, TNK billionaires said to be near deal to drop mutual claims

BP Plc (BP/) and its billionaire partners in Russia’s third-biggest oil company are nearing an agreement to drop all claims against each other as they seek to sell their stakes in the venture to state-run OAO Rosneft (ROSN), two people with knowledge of the plan said.  More »

LSU to offer specialized study in energy law

The LSU Law Center is developing a specialized program in energy law in reaction to increasingly complex legal and regulatory issues.  More »

Criminal probe of Gulf spill could be key to civil resolution

A protracted criminal investigation of the deadly 2010 Gulf of Mexico rig explosion and oil spill may be holding up civil settlements that could result in multibillion-dollar fines against BP and other companies linked to the disaster.  More »

25,000 ask to get out of Gulf spill settlement

About 79,000 Gulf Coast residents have filed damage claims under a proposed settlement with BP over the 2010 oil spill, but 25,000 others want out of the deal, the claims administrator told a federal judge Thursday.  More »

Judge won’t dismiss former BP engineer’s obstruction charge

A federal judge Thursday denied a former BP engineer’s motion to dismiss one of the two obstruction of justice charges he faces for allegedly deleting text messages related to the amount of oil flowing into the Gulf of Mexico following the 2010 spill.  More »

Judge sounds supportive of spill deal despite opt-out requests

A federal judge sounded supportive of a proposed settlement between BP and residents damaged by the oil spill, even though thousands of claimants have asked to opt out and possibly pursue their own lawsuits.  More »

Judge’s say on spill deal likely not final say

There’s little doubt a federal judge will give final approval following a hearing this week to a multibillion-dollar settlement between BP and victims of the 2010 Gulf of Mexico oil spill. The bigger question is whether the deal survives on appeal.  More »