Newly revealed e-mails and reports regarding the management of British Petroleum PLC’s oil field in Prudhoe Bay, Alaska suggest that severe cost-cutting may have led to last year’s massive oil spill, a U.S. representative said on Wednesday.
A bill aimed at stopping major oil companies from dictating the wholesale source of gasoline through anticompetitive provisions in franchise agreements is up for review by the U.S. House Committee on Energy and Commerce.
Two new measures aimed at funding and improving clean energy technologies have been introduced into the U.S. Senate as part of a comprehensive package of bills aimed at achieving greater energy independence and saving consumers money on energy costs.
Bankrupt energy company Calpine Corp. has reached a settlement with its Canadian subsidiaries which, if approved, will eliminate $1.1 billion in claims in the company’s Chapter 11 proceedings.
Massey Energy Co. on Tuesday fired back at a lawsuit by the Environmental Protection Agency, arguing that the regulator exaggerated the number of violations allegedly committed and overestimated monetary amounts for the alleged penalties.
Lawmakers in the U.S. House of Representatives have proposed a bill that would give the Department of Justice the power to launch antitrust lawsuits against international oil cartels, including the Organization of the Petroleum Exporting Countries.
Meeting the challenges of an environmental crisis head on, Sheppard, Mullin, Richter & Hampton LLP has launched a Global Climate Change practice specifically dedicated to helping clients understand and tackle emission issues.
A federal judge on Monday dismissed the U.S. Federal Trade Commission’s request for a preliminary injunction blocking Equitable Resources Inc.’s proposed acquisition of a Pennsylvania natural gas company.
The U.S. Department of Justice is seeking more than $1.9 billion in fines from Massey Energy Co., alleging the company’s West Virginia and Kentucky coal mining operations polluted the drinking water of Central Appalachia.
In the wake of a critical report, the chairman of the Military Advisory Board has lent his support to new legislation that seeks to evaluate the effects of global warming on military operations.
The U.S. Supreme Court on Monday denied certiorari to a former Merrill Lynch & Co. executive who appealed his conviction of perjury and obstruction of justice in connection with the Enron Corp. Nigerian barge scandal.
Hess Corp. has violated federal law and exposed customers to potential identity theft by including too much information on receipts issued to customers who buy gas with credit cards at Hess’ filling stations, according to a proposed class action filed Friday.
A German judge on Monday convicted two former Siemens AG employees and ordered the embattled company to pay $51.3 million for allegedly bribing Italian oil firm Enel SpA with millions of dollars in kickbacks in exchange for contracts.
Industrial holding company Trinity Industries Inc. filed a notice of removal Friday in federal court in a breach of contract case brought by natural gas company Equitable Resources Inc. over outstanding gas distribution fees.
California Attorney General Jerry Brown has warned that the federal government may have to shell out billions of dollars to save the U.S. auto industry from going under, saying the government has enabled the industry to waste enormous amounts of gas through inadequate federal fuel efficiency standards.
Two shareholder lawsuits have been filed against Optionable Inc., alleging the energy trader didn't disclose it was involved in improper deals with its largest client, Bank of Montreal.
Honeywell International Inc. has filed a complaint against Aspen Technology Inc., claiming the software manufacturer has failed to comply with a consent agreement signed with the Federal Trade Commission relating to AspenTech’s acquisition of Hyprotech Ltd., AspenTech said in a regulatory filing Thursday.
Less than two weeks after resigning from his chief executive post at British Petroleum, Lord Browne has stepped down from Goldman Sachs’ board amid mounting consequences from lying to the British High Court about an alleged gay love affair.
The Alaska Department of Natural Resources will not have to pay Exxon Mobil Corp. any damages for cancelling its leases on major oil and gas fields that had remained undeveloped for over thirty years.
The Commonwealth of Kentucky sued Marathon Oil Corp. Thursday for allegedly violating a Kentucky price-gouging law, accusing the Houston-based energy company of substantially raising prices at its Kentucky gas stations and at wholesalers in the aftermath of Hurricane Katrina.