Energy

  • May 3, 2007

    Costa Rican President Promises Privatization

    The president of Costa Rica has promised to break up state monopolies and open the country’s energy, telecommunications and insurance markets, regardless of whether the country's citizens vote in favor of the divisive Central America Free Trade Agreement.

  • May 3, 2007

    Entergy Sees Tuesday Exit From Chapter 11

    The judge overseeing Entergy New Orleans Inc.’s Chapter 11 case said at a confirmation hearing Thursday that he would sign off on Entergy’s Chapter 11 plan, paving the way for the utility to emerge from bankruptcy on Tuesday, an Entergy spokesman said.

  • May 3, 2007

    Groups Fight PacifiCorp. Dams

    A group of Native American tribal leaders, salmon fisherman and businessmen have joined together to formally protest two PacifiCorp. dams in northern California, which are allegedly polluting the Klamath River with toxic algae blooms.

  • May 3, 2007

    New Oil Refinery Faces Challenge From Tribe

    An energy company has temporarily postponed construction of the first new U.S. oil refinery in more than 30 years in light of a lawsuit that says the project would destroy artifacts and other Native American cultural resources.

  • May 3, 2007

    BP Blames Managers For Texas Refinery Blast

    A previously confidential report by BP PLC about a fatal 2005 plant explosion in Texas City, Texas, was disclosed Thursday, revealing recommendations that four executives and managers be terminated for failing to perform their job duties and making poor decisions.

  • May 3, 2007

    Authorities Topple Price-Fixing Cartel

    The U.S. Department of Justice announced the arrest of eight executives Tuesday as part of a worldwide crackdown on price-fixing for marine hoses, which are used to load and unload oil from tankers.

  • May 3, 2007

    Rosneft Snatches Up Yukos Assets For $6.8B

    OAO Rosneft Oil Co. has agreed to shell out $6.8 billion to snap up key assets of bankrupt oil group Yukos, a move that is expected to make the state-run business Russia’s largest oil producer.

  • May 3, 2007

    Senate Committee OKs Energy Bill Package

    The Senate Energy and Natural Resources Committee gave the green light on Wednesday to a bipartisan legislation package that will aim to improve efficiency, promote renewable fuels diversity, and invest in research on carbon sequestration.

  • May 4, 2007

    Senate Takes Another Aim At Gas Price-Gouging

    With Americans paying near record gasoline prices, a new Senate bill aims to ban price gouging at the pump and give the U.S. government new authority to go after law-breaking companies.

  • May 2, 2007

    Indeck Withdraws Power Plant Proposal In Settlement

    Indeck Energy Services Inc. has settled eight years of litigation with a county in Illinois, ending its $40 million lawsuit against the county by agreeing to give up construction plans for a power plant.

  • May 2, 2007

    Judge: Exxon Can't Stay Appeal In Alaskan Field Case

    ExxonMobil Corp.’s request to delay a judge’s ruling of its appeal to regain its leases for the Point Thomson, Alaska natural gas fields was denied on Tuesday.

  • May 2, 2007

    Appeals Court Reverses ITC Antidumping Order

    Breathing new life into a long-running legal battle between a group of pipe fitting manufacturers, an appeals court has reversed a ruling by the U.S. Court of International Trade that Sango International’s imported gas meter swivels are within the scope of an antidumping order covering malleable iron pipe fittings from China.

  • May 2, 2007

    Investors Wield Power Over Poor Countries: Study

    A little-known World Bank arbitration court where multi-national investors bring claims against governments overwhelmingly sides with businesses, particularly in disputes over oil, gas and mining, and often delivers crippling fines to developing countries, a study has shown.

  • May 2, 2007

    Grupo Mexico Gains Access To Asarco’s Records

    A federal bankruptcy court has ordered Asarco LLC to provide its parent company, Grupo Mexico SA, with equal access to financial and operational information so that it can come up with its own plan to bring the mining company out of Chapter 11.

  • May 2, 2007

    Supreme Court Turns Down Mining Law Case

    The U.S. Supreme Court has declined to review a case challenging nine mineral patent claims granted under a controversial 1872 law that allows miners to stake claims on federal land.

  • May 1, 2007

    Total Fined $2.9M For Clean Air Act Violations

    A subsidiary of French oil company Total SA has been fined $2.9 million and must make $37 million in pollution control upgrades for violating the Clean Air Act.

  • May 1, 2007

    BP CEO Steps Down

    BP CEO Lord John Browne resigned from his post on Tuesday after losing a court battle to prevent a British newspaper from releasing reports that he lied about his sexuality and exhibited corporate favoritism.

  • May 1, 2007

    Creditors Give The Nod To Entergy’s Plan

    A unit of Entergy Corp. inched closer to exiting Chapter 11 protection on Monday, with creditors of the bankrupt energy company giving the green light to its reorganization plan.

  • May 1, 2007

    Westar Execs To Face Third Trial

    Two former Westar Energy Inc. executives are reportedly set to face a third trial for allegedly attempting to loot the company, which is Kansas’ largest public utility, after an appeals court overturned their convictions in January.

  • May 1, 2007

    CFTC Moves For McGraw-Hill's Natural Gas Info

    The Commodity Futures Trading Commission on Monday asked a district court to help it force McGraw-Hill Co. Inc. to give up information that may relate to an ongoing case against price-fixing in the natural gas markets.