Category: Legal issues

FERC says JPMorgan power-trading unit faces suspension

The order is part of FERC’s effort to eliminate manipulation of the electricity market.  More »

JPMorgan may have misled U.S. power regulator, FERC says

The Federal Energy Regulatory Commission has initiated a proceeding into whether J.P. Morgan Ventures Energy Corp. submitted misleading information to the agency and the California power-grid operator.  More »

BP wins dismissal of Norex lawsuit over Yugraneft stake

BP Plc (BP/) and its partners in the Russian oil venture TNK-BP won dismissal of Norex Petroleum Ltd.’s lawsuit claiming more than $1 billion damages over the loss of a controlling stake in a Russian oil company.  More »

Complaints mount on proposed oil spill settlement

A New Orleans federal judge will receive an update Friday on the mountain of litigation surrounding the 2010 Gulf of Mexico oil spill, amid a surge of complaints about a proposed class-action settlement of some of the lawsuits.  More »

Chesapeake loses bid to void Texas oil, gas rights award

Chesapeake Energy Corp. (CHK), facing claims by mineral rights holders in multiple states over canceled oil and gas lease offers, lost a bid to reverse a $19.7 million judgment to a Texas lease owner.  More »

Texas farmers challenge TransCanada’s land rights

A group of Texas rice farmers is challenging a Canadian company’s right to condemn land to build a pipeline to carry crude from Alberta to the Gulf Coast.  More »

Petrobras to face criminal case, Brazilian prosecutor says

A Brazilian federal prosecutor plans to file a criminal case against Petroleo Brasileiro SA (PETR4) for polluting the Atlantic Ocean with fuels from a refinery.  More »

Kinder Morgan to pay $110 million to settle El Paso suits

The settlement includes concessions by Goldman Sachs Group.  More »

BP falls as U.S. reiterates gross negligence charge in spill

BP Plc (BP/), the owner of the Macondo well that caused the worst U.S. oil spill two years ago, declined in London after the Department of Justice reiterated it will pursue charges of gross negligence in the case.  More »

6 arrested in alleged Fort Peck drilling scam

Six California residents are being held on fraud and conspiracy charges for an alleged scam in which investors were promised a stake in a fictitious oil and gas project on Montana’s Fort Peck Indian Reservation, authorities said Tuesday.  More »

Court mistakenly posts secret pipeline settlement

Pacific Gas & Electric Co. agreed to pay more than $2 million to a teenager burned in the 2010 San Bruno gas pipeline explosion that killed eight people and destroyed dozens of homes, according to secret settlement documents mistakenly posted by a California court.  More »

Range Resources wins appeal in suit against Texas landowners

Range Resources Corp.’s lawsuit against Texas landowners who accused it of contaminating their water by hydraulic fracturing can’t be halted under a state law that bans litigation meant to stifle public protest, an appeals court said.  More »