Category: Legal issues

Cyberattacks on energy companies create new insurance needs

A Houston litigator whose specialties include insurance issues says cyberattacks are presenting energy companies with new insurance needs.  More »

Exxon Mobil to pay civil penalty for 2012 oil spill

The U.S. Department of Justice and the Environmental Protection Agency said Tuesday the company will pay the penalty to resolve the government’s claim.  More »

Guest commentary: Eight steps to plug cybersecurity holes

Since governmental guidelines and voluntary practices of today can quickly turn into the requirements of tomorrow, the oil and gas pipeline industry can prepare now.  More »

Judge tosses suit claiming BP misled regulators about Gulf platform

Plaintiffs who brought a $256 billion lawsuit against BP have “no facts” to back up their claim the company misled regulators about the safety of a deep-water production platform, a federal judge has ruled.  More »

Kansas town loses bid for new trial over BP pollution suit

The Kansas Court of Appeals on Friday rejected the request from residents and officials of Neodesha, who sued in 2004 for more than $478 million in cleanup costs plus damages.  More »

Feds say firm pumped up stock with false claims about fracturing technolgy

Houston-based Chimera Energy and four individuals pumped up the company’s stock prices by falsely claiming to have technology for a water-free alternative to hydraulic fracturing, federal regulators allege.  More »

Attorneys: BP not entitled to get Gulf settlement payments back

Plaintiff attorneys say BP has no right to recover any alleged overpayments made through the multibillion-dollar Gulf oil spill settlement it reached two years ago to repair the coastal economy.  More »

Judge OKs BP’s subpoena of fed documents for now

A federal judge is allowing BP to negotiate the scope of a massive subpoena aimed at gathering government documents related to the Gulf of Mexico deep-water drilling moratorium.  More »

Schlumberger: Russian sanctions could affect profits

Schlumberger is the third international oil field services company with Houston operations to warn that U.S. and European Union sanctions against Russian may start hurting profit.  More »

Cobalt falls after SEC Angola case moves forward

The company said it’s cooperating with the SEC and believes its activities in Angola have complied with all laws.  More »

Parnon, Arcadia to pay $13 million in price-rigging suit

Parnon Energy, an oil logistics company, and London-based oil trader Arcadia Petroleum Ltd. agreed to pay $13 million to settle a U.S. regulator’s claims they manipulated oil futures prices.  More »

Regulator alleges Houston oil company misled investors

The Securities and Exchange commission on Monday charged independent exploration and production company Houston American Energy Corp. and its CEO with making false claims about the company’s oil reserves.  More »