Category: Legal issues

Chevron’s $19 billion ‘disaster’ gets hearing

Chevron Corp. (CVX) is facing its first test of whether farmers and fishermen from the Amazon rainforest will collect $19 billion in environmental damages from the world’s fourth-largest oil company.  More »

Deepwater Horizon defendants vow to fight charges

Two BP well-site leaders and a former executive pleaded not guilty and defiantly promised Wednesday a vigorous defense to felony charges stemming from the 2010 Gulf of Mexico disaster, a day after the British oil giant they worked for made an appearance before the same judge to answer to manslaughter charges.  More »

Steffy: In suspending BP, EPA does what drilling regulators would not

When BP agreed to plead guilty to 12 felony counts related to the Deepwater Horizon disaster a few weeks ago, I made the point that the felonies mattered more than the fines. Today, the U.S. Environmental Protection Agency showed why.  More »

BP suspended from new federal contracts

The Obama administration’s decision Wednesday to take the rarely used step of barring BP from entering new federal government contracts for its role in the 2010 Gulf oil spill potentially costs the company millions while threatening the British oil giant’s stance as a major offshore energy producer and one of the military’s biggest jet fuel suppliers.  More »

BP appears in court on spill-related felony charges

BP was arraigned before a federal magistrate judge on manslaughter and other criminal charges stemming from the 2010 Gulf of Mexico rig explosion and oil spill.  More »

BP: Many settlement opt-out requests weren’t valid

Only about half the businesses and individuals who asked to be excluded from a proposed settlement over BP’s 2010 oil spill submitted valid requests, the company and a team of plaintiffs’ attorneys said in a court filing.  More »

Chevron has five days to answer Repsol suit on Argentine assets

Chevron Corp. (CVX) has five days to respond to a lawsuit from Repsol SA (REP) for entering into an agreement with YPF SA (YPF) to develop reserves in Argentina, documents from the Spanish court where the case is filed show.  More »

Steffy: Indictments create new worries for offshore workers

The heliport in Houma, La., is much like other airports this time of year. Travelers bustle about the terminal, checking bags and shuffling through metal detectors.  More »

Chevron says NY official abused shareholder power

Chevron Corp. asked New York’s ethics commission to investigate state Comptroller Thomas DiNapoli, claiming he improperly pushed the energy giant to settle an $18 billion Ecuadorean court claim for environmental damage in the Amazon rainforest.  More »

2 workers shoulder blame for 2010 BP oil disaster

The manslaughter charges brought against two relatively low-ranking BP rig workers in the deadly Gulf of Mexico disaster may be as far as federal prosecutors are willing to go. Or maybe they intend to use the two men to work their way up the corporate ladder.  More »

BP spill plea deal turns focus to its partners

After a year of talks, the threat of indictment finally may have been what brought BP to a felony plea deal in the 2010 Gulf of Mexico oil spill, and behind-the-scene tactics could play out again with the oil giant’s partners in the doomed Macondo well project.  More »

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 »