A federal judge has declined to certify a class of shareholder plaintiffs in a lawsuit accusing Superior Offshore International Inc. and its securities underwriters of making false statements ahead of a $152 million initial public offering in April 2007 that preceded the oil exploration services firm's bankruptcy by one year.
Massey Energy Co. is fighting to uphold its reputation in the face of backlash from the federal Mine Safety and Health Administration, which came out against a decision by the Federal Mine Safety and Health Review Commission that the company's Tiller No. 1 mine hasn't exhibited a pattern of safety violations.
Foley & Lardner LLP has snagged Nixon Peabody LLP partner and alternative energy guru Robert B. Anderson in an effort to bolster the firm's finance and energy project practices in San Francisco.
The U.S. House of Representatives has sent President Barack Obama a bill that would authorize the advance payment of claims of up to $100 million each from the Oil Spill Liability Trust Fund for companies, agencies and individuals affected by the ongoing BP PLC oil spill.
A Texas jury has awarded $82.5 million in damages to the family members of a man who died following a blast at a natural gas processing plant in May 2007.
The disastrous BP PLC Deepwater Horizon oil spill may cause an increase in cancer in communities along the Gulf Coast that takes decades to fully appear, scientists warned Congress on Thursday.
Transocean Ltd. has settled a four-year-old, $21.4 million suit that accused the company of negligently handling an offshore oil rig during Hurricane Rita, a lapse that allegedly led to the rupture of two underwater pipes owned by a gas company.
The U.S. Senate on Thursday rejected a resolution that would have blocked the U.S. Environmental Protection Agency from regulating greenhouse gas emissions under the Clean Air Act, though more challenges to the agency's authority may be on the way.
The European Commission has issued rules for a biofuel certification system in an attempt to standardize the industry before the European Union's Renewable Energy Directive — which sets requirements for greenhouse gas reductions — takes effect in December.
The Sierra Club and another environmental group are protesting an A&G Coal Corp. mine in Virginia, claiming the state's Department of Mines, Minerals and Energy approved a permit for the 1,300-acre site that fails to comply with federal and state surface mining laws.
The U.S. House of Representatives has approved legislation that would direct federal regulators to take measures to protect the nation's electric grid from cyberattacks and other security breaches.
A federal court has certified class actions against Marathon Oil Co. and Kaiser-Francis Oil Co. accusing them of breaching their contracts by failing to pay adequate royalties on natural gas to individuals in Oklahoma who own mineral rights.
The Louisiana Legislature has passed a resolution urging Secretary of the Interior Ken Salazar to reconsider the U.S.' six-month moratorium on oil and gas exploration in the Gulf of Mexico, which it claims will only further deplete the local economy.
Democratic leaders in the Senate are considering using an energy bill put forth by Sen. Jeff Bingaman, D-N.M., as the vehicle for starting a floor debate on climate policy, and then introducing a cap-and-trade program as an amendment, in a last-gasp effort to pass something before the midterm elections.
Energy companies that team up with their competitors to advise federal regulators in efforts to staunch the ongoing environmental damage from the Gulf of Mexico oil spill will not likely face scrutiny under federal antitrust laws, according to Federal Trade Commission chairman Jon Leibowitz.
BP PLC adopted an "out of sight, out of mind" strategy when it decided to use chemical dispersants to keep millions of gallons of crude oil spewing from the sea floor from moving to the surface of the Gulf of Mexico, a top Louisiana wildlife official told a U.S. House of Representatives panel Thursday.
A federal appeals court has rejected a bid by lawyers for Chevron Corp. to lift a stay in a filmmaker's battle to keep hours of footage shot for the documentary “Crude” out of the hands of the oil company.
A federal judge has slimmed down the city of San Diego's suit against Kinder Morgan Energy Partners LP, nixing one of its claims against the pipeline giant in a suit accusing the company of taking too long to clean up a fuel plume that contaminated groundwater on a section of property owned by the city.
Caldo Oil Co. and Nella Oil Co. LLC have lost their bid to exit real estate developer and contractor Green Valley Corp.'s suit seeking more than $4.3 million in damages and cleanup costs related to petroleum hydrocarbon contamination at several properties adjacent to their gas stations.
After challenging a proposed $7 million fine, Frontier Refining Inc. has agreed to pay $900,000 to resolve the U.S. Environmental Protection Agency's claims that it dumped harmful waste into a water treatment pond that was not properly built to prevent and detect leaks.