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BP ’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil spill, a judge ruled, citing a recent Supreme Court decision.
A federal judge has temporarily suspended BP oil spill settlement payments to businesses while he reconsiders the company’s arguments against compensating those that cannot trace losses directly to the nation’s worst offshore oil spill.
The Colorado Oil & Gas Association sued the cities of Fort Collins and Lafayette claiming their voter-enacted bans on the extraction of oil and natural gas are preempted by state laws regulating those resources.
Nearly a year after energy giant BP cut a deal to a resolve a criminal investigation of its role in the nation’s worst offshore oil spill, a jury is set to hear the Justice Department’s case against a former company employee accused of trying to stymie the federal investigation.
It is unclear whether the foreigners in the group will be allowed to leave Russia before the start of the trial.
In a meeting Wednesday , board members “analyzed and valued positively” a proposal brokered by the governments of Spain and Argentina, the Madrid-based oil company said in a filing.
A Russian court has granted bail to the last of 30 Greenpeace activists who were detained at sea during a protest against oil drilling in the Arctic.
The oilfield services company Weatherford International has agreed to pay more than $250 million to settle federal charges that it bribed officials in the Middle East and Africa to win business.
A Russian jail has freed on bail the U.S. captain of a Greenpeace ship and six crewmembers who were arrested following an anti-oil drilling protest in Arctic waters two months ago.