Category: Legal issues

ConocoPhillips dispute in MF Global case goes to district court

ConocoPhillips Co. may learn from a U.S. district court judge in December whether it will escape the liquidation of commodity broker MF Global Inc. without losses suffered by other customers.  More »

Complex spill deal pushes legal frontier

The proposed settlement of health and economic damage claims arising from the 2010 Gulf of Mexico oil spill breaks new legal ground and raises questions about whether its class- action structure is too rigid for the wide range of circumstances it covers.  More »

Chevron seeking emails from Google, Microsoft and Yahoo in Ecuador case

The subpoenas, served this month, are Chevron’s latest effort to prove that a $19 billion judgment against the oil company in Ecuador was the result of fraud. An Ecuadoran judge last year ruled that Chevron should pay to clean up a portion of the Amazon rain forest where Texaco, bought by Chevron in 2001, used to drill for crude.  More »

Court serves injunctions to Chevron and Transocean

A federal court has served Chevron Corp. and driller Transocean Ltd. with preliminary injunctions ordering them to suspend operations in Brazil until investigations are completed into two oil spills off Rio de Janeiro’s coast.  More »

Woman accused of phony oil spill cleanup classes

A Mississippi woman is accused of posing as a federal worker to make nearly $216,000 giving fraudulent training classes to fishermen who hoped to get jobs cleaning up the Gulf of Mexico oil spill in 2010.  More »

Judge rejects NY gas drilling lawsuit against feds

A federal judge has rejected state Attorney General Eric Schneiderman’s lawsuit seeking to force a full environmental review before the Delaware River Basin Commission allows natural gas drilling in a watershed that provides drinking water for millions of New Yorkers.  More »

Total loses bid to reverse guilty verdict in 1999 oil spill

Total SA lost its bid to overturn a ruling holding it responsible for the 1999 oil spill following the sinking of a tanker it had hired.  More »

ConocoPhillips awarded $66.8 Million in PDVSA arbitration

ConocoPhillips, the largest U.S. independent oil and natural-gas producer by market value, said it won a $66.8 million settlement for disputed production cuts by Petroleos de Venezuela SA in 2006 and 2007.  More »

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 »