Category: Legal issues

Brazil lawsuit against Chevron may scare investors

A business analyst says the nearly $11 billion lawsuit filed by Brazilian prosecutors against San Ramon, Calif.-based Chevron Corp. because of an offshore oil leak could scare away foreign capital needed to develop Brazil’s huge offshore oil deposits.  More »

BP settles with maker of failed blowout preventer

BP PLC says it will be paid $250 million by the maker of the blowout preventer that failed to halt oil spewing from BP’s busted well in the Gulf of Mexico.  More »

Houston firm pays $93K for fouling W. Pa. stream

The Pittsburgh Post-Gazette says Houston-based EOG Resources, Inc., will also pay $65,000 toward a yet-to-be-determined environmental project in the watershed of the Little Laurel Run creek in Clearfield County near Parker Dam State Park.  More »

Cameron appeals BP Gulf spill trial plan, wants case before jury

Cameron International Corp. (CAM) told a federal appeals court its right to a jury trial would be infringed under a plan to have a judge determine which companies should be blamed for the 2010 BP Plc oil spill in the Gulf of Mexico.  More »

Schlumberger, Halliburton maybe eyeing Heckmann Corp.

The need to reduce the environmental risk from shale-oil drilling is boosting the allure of Heckmann Corp. (HEK) and Poseidon Concepts Corp. as takeover targets.  More »

Investors press natural-gas drillers to cut risks from fracking

Natural-gas producers must do more to reduce environmental harm from hydraulic fracturing and disclose U.S. drilling risks, according to groups representing investors with more than $130 billion in assets.  More »

Chinese fishermen file suit against ConocoPhillips

A group of more than 100 Chinese fishermen filed a lawsuit Tuesday seeking compensation from ConocoPhillips China, blaming oil spills from some of its offshore wells for damage to their sea cucumber catches.  More »

Texas coal plant cuts deal with environmentalists

A coal-fired power plant set to open next year in Texas has agreed to cut mercury and smog-causing emissions and invest in clean energy projects as part of a legal settlement with environmental groups.  More »

EPA report on WY water doesn’t end fracking debate

A U.S. Environmental Protection Agency draft finding that it may have detected groundwater pollution resulting from a controversial technique that plays a huge role in modern oil and gas development isn’t settled science yet.  More »

Coolant leak likely cause of Volt fires

The liquid solution that cools the Chevrolet Volt’s batteries is the likely cause of fires that broke out inside the electric car after government crash tests, a person briefed on the matter said.  More »

Valero sues insurer for rejecting costs of gasoline pollution complaints

Valero says Steadfast Insurance should have covered the refiner’s $45 million in legal costs related to complaints that a gasoline additive polluted groundwater.  More »

With tighter financial sanctions, Iran clings to oil lifeline

Just after 3 p.m. on Nov. 29, about 200 demonstrators ransacked the British Embassy in Tehran, chanting “Death to England,” setting fire to the Union Jack, carting off a portrait of Queen Elizabeth, and detaining staff as Iranian security officers stood by. It bore all the marks of a state-orchestrated provocation.  More »

EPA says BP ignored alarms before Alaska spill

An Environmental Protection Agency investigator says BP ignored alarms that warned of the likelihood of a 13,500-gallon oil spill in 2009 on Alaska’s North Slope.  More »

Iran oil sanctions will shrink the circle of foreign buyers

Iran faces new hurdles to getting paid for its oil as the U.S. tightens financial sanctions to deter buyers from the world’s third-largest crude exporter.  More »

BP violated Alaska spill probation, government says

BP Plc, still facing fallout from the 2010 explosion of its Macondo well in the Gulf of Mexico, is fighting a U.S. bid to revoke its probation over a five-year-old spill in Alaska following a more recent pipeline rupture.  More »