Category: Legal issues

Nebraska ruling upholds Keystone XL route

The ruling now shifts attention to the nation’s capital, where the State Department, Congress and the White House all are playing a role in deciding whether TransCanada Corp. wins a permit to build the $8 billion border-crossing pipeline.  More »

Continental CEO’s ex-wife cashes $1 billion check, his lawyer says

Oklahoma fracking billionaire Harold Hamm’s ex-wife cashed a check he sent her to cover the almost $1 billion awarded as alimony in their divorce, his lawyer said.  More »

Dispute over tanker’s Kurdish oil continues in Houston court

A Houston federal judge has asked for an update on settlement negotiations between Iraq and Kurdistan over a cargo of oil anchored in the Gulf of Mexico since July.  More »

Harold Hamm’s ex-wife rejects $975 million divorce check

The check delivered to her legal team would have paid off the full amount awarded to Sue Ann Arnall in a November divorce ruling.  More »

Commentary: Protecting World Heritage sites should be oil industry resolution for 2015

Only Royal Dutch Shell and Total have publicly committed to not carry out or support extractive activities in World Heritage sites.  More »

Exxon Mobil seeks to bar pipeline files

Exxon Mobil says it shouldn’t have to release any further information on a proposed but abandoned pipeline intended to run alongside the Pegasus pipeline that ruptured in 2013 in central Arkansas.  More »

Hamm’s $1 billion alimony bill looks bigger as oil stock sinks

As measured by the Bloomberg Billionaires Index, Harold Hamm’s net worth has been reduced by a third to $10.6 billion. Hamm said Arnall will now get a larger share of their combined wealth than intended by the judge.  More »

BP conducts internal review of its foreign currency trading unit

BP’s statement comes after Bloomberg reported late Monday that currency traders for the oil company allegedly got tips about upcoming trades and other confidential information from other market sources.  More »

New Texas oil regulator steps down from oil firm

The regulator, Ryan Sitton, will be sworn in next week to join the three-member board of the Texas Railroad Commission. Though he did not specify a date, he said he will resign as chief executive of the company, Pinnacle Asset Integrity Services, placing his ownership stake in a blind trust.  More »

Dominion sues landowners in Va. to survey land for pipeline

Dominion filed lawsuits earlier this week in circuit courts against 20 property owners in Nelson County and 27 in Augusta County. That number is expected to double, the company said.  More »

Cheniere CEO Charif Souki to take $1 salary

Souki’s $142 million in compensation for his role in 2013 – mostly on paper, in stock grants – drew raised eyebrows from investors this year.  More »

BP unit says big spill fines could cut deep

BP’s U.S. oil unit says high penalties for the Deepwater Horizon disaster would drain its available funds next year and dramatically weaken its finances amid plunging crude prices.  More »

Alstom to pay $772 million to settle bribery charges

U.S. authorities allege Alstom had a “widespread scheme involving tens of millions of dollars in bribes” paid to officials worldwide in countries including Indonesia, Saudi Arabia, Egypt, the Bahamas and Taiwan.  More »

Enterprise Products gets new general counsel

The Houston-based midstream company’s general counsel and corporate secretary, Stephanie Hildebrandt, is leaving to join Norton Rose Fulbright, while Craig Murray, a Vinson & Elkins corporate partner in Houston, has been hired to replace her.  More »

Texas lawmaker seeks to protect urban drilling

State Rep. Phil King filed a pair of bills this week, cities seeking to ban fracking would need to gain approval from the state attorney general, pay the state to study the financial impact and reimburse the state for any lost tax revenue.  More »