Category: Legal issues

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 »

Chevron sued in Argentina over Ecuadorean spills

Lawyers for Amazonian Indians are seeking the seizure of $2 billion of Chevron Corp.’s assets in Argentina as they try to collect an $18.7 billion environmental judgment won in Ecuador last year.  More »

Man charged with threatening nuclear reactor

Federal prosecutors say a 48-year-old Gretna man has been charged with threatening to destroy a nuclear reactor.  More »

Solyndra judge’s approval of bankruptcy plan appealed

A bankruptcy judge’s decision to approve Solyndra LLC’s plan to exit court protection was appealed by the Internal Revenue Service.  More »

Up against deadline, many may decline spill deal

Lawyers advising thousands of plaintiffs with economic and medical damage claims from the 2010 Gulf oil spill say thousands will opt out of a complex settlement deal by Thursday’s deadline, but parties that forged the agreement are confident enough will stay for the deal to work.  More »

Cameron International reports 3Q profit surge

Oil and gas industry equipment maker Cameron International reported Wednesday a nearly 36 percent increase in third-quarter profit on higher revenue due to strong sales of drilling, production and compression systems.  More »

Q&A: Oil spill claims chief weighs in

Patrick Juneau was appointed to administer claims after BP and a steering committee of lawyers representing Gulf Coast residents announced a proposed class action settlement of economic and health damages arising from the 2010 oil spill.  More »

Calif. judge issues ruling in pipeline blast cases

A jury can decide if Pacific Gas & Electric Co. should pay victims of the deadly San Bruno pipeline blast punitive damages in civil court, a Northern California judge ruled Tuesday.  More »

Coast Guard releases undersea video from Gulf spill site

Undersea video the Coast Guard released Monday confirms that oil isn’t leaking from the Macondo well that blew out two years ago, but is oozing from a device used in an early attempt to stop the larger spill.  More »