(AP Photo/Gerald Herbert, File)

San Antonio lawyer indicted for fraud over Gulf oil spill claims

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The charges stem from allegations that the lawyer fraudulently bolstered the number of clients he had with claims against BP to get a seat on a steering committee.
Earthquake2-DaveSchumaker-flickr

Insurers asked to send clarifying notice of quake coverage in Oklahoma

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Oklahoma’s insurance commissioner is asking insurance companies to send customers a notice to clarify whether their policies cover earthquake damage caused by things like mining or oil and gas exploration.
FILE PHOTO: Saudi Arabia's King Abdullah bin Abdulaziz Al Saud enters a car on his arrival in Beijing, China, on Sunday, Jan. 22, 2006. King Abdullah has died and will be succeeded by his half-brother, Crown Prince Salman, at the helm of the world's biggest oil exporter. Photographer: Lucas Schifres/Bloomberg *** Local Caption *** King Abdullah

Saudi Aramco says it foils fraud attempt involving India

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A statement by Saudi Aramco said the fraud involved a fake money transfer, without elaborating.
CEO John Schiller at the Energy XXI offices in Houston on Sept. 19, 2012. (Dave Rossman/For the Chronicle)

Following investigation, Energy XXI CEO stripped of title as chairman of the board

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The decision came after an independent investigator found that Schiller failed to disclose the loans made in 2007, 2009 and 2014 to the board.
The Exxon Baton Rouge, top, attempts to off load crude oil from the Exxon Valdez on March 26, 1989. (AP file photo)

State, feds won’t pursue $92 million more in Exxon Valdez spill

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The state and federal governments have decided not to pursue $92 million in additional damages from Exxon Mobil Corp., citing the recovery of ducks and sea otters in Alaska’s Prince William Sound following a devastating oil spill more than two decades ago.
In this April 9, 1989 file photo, crude oil from the tanker Exxon Valdez, top, swirls on the surface of Alaska's Prince William Sound. (AP Photo/John Gaps III, File)

State, feds won’t pursue $92M more in ’89 Exxon Valdez spill

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In a court filing made on Wednesday, government attorneys said patches of lingering oil that remain can no longer be considered an impediment to the recovery of sea otters or harlequin ducks or a significant ongoing threat to their now-restored populations in the area affected by the 1989 Exxon Valdez oil spill.
China National Petroleum Co. (Photo: Flickr)

China jails former oil executive for 20 years for corruption

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A Chinese court has sentenced a former senior executive of a state oil company to 20 years in prison after finding him guilty of corruption.
Penguins gather on the coast of Murrell Farm near the northeastern corner of the Falkland Islands. The Falklands have struck oil, potentially pumping billions of dollars into their treasury. One downside is the potential for a major spill in seas where penguins, whales, seals and other marine mammals are drawn to unspoiled coasts.   (AP Photo/Michael Warren)

Argentina accuses Noble Energy of illegally operating in Falkland Islands

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Noble has brushed off the accusations, maintaining that its concession contracts are with the Falkland Islands Government, not Argentina.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Wells Fargo trimming energy borrowing bases an average 15 percent, lender says

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“In our tougher deals, we’re seeing a 30 to 40 percent drop and the better deals are flat to maybe even a little bit up,” said Rich Gould, head of energy credit and risk management at Wells Fargo during a panel hosted by Thompson & Knight in Houston on Thursday.
A crew cleans oil from the beach at Refugio State Beach on May 20, 2015 north of Goleta, Calif.  (Photo by David McNew/Getty Images)

Lawsuit wants plans mandated for dealing with big oil spills

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The group says the Department of Transportation was ordered to write regulations and review companies’ spill response plans 20 years ago but never has.