Law

Energy trader Gunvor to pay over $660 million to settle US bribery case

Energy trader Gunvor to pay over $660 million to settle US bribery case

Investing


NEW YORK – Gunvor pleaded guilty on Friday to a felony charge of conspiring to violate a U.S. anti-bribery law and agreed to pay more than $660 million, marking the end of a long-running criminal probe into the big …

Source: Oil Price

Big oil asks U.S. Supreme Court to throw out Honolulu climate lawsuit

Oil Price


Oil and gas supermajors, including Exxon and Chevron, petitioned on Wednesday the U.S. Supreme Court to toss a Hawaii Supreme Court decision allowing a climate lawsuit of Honolulu to proceed to trial.

Honolulu sued several major fossil fuel …

February 29, 2024 - 11:30 am Climate Change, Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: Reuters

ANALYSIS-Activist investors fret over Exxon Mobil’s lawsuit bypassing US regulator

Nasdaq


Investors that use shareholder resolutions to pressure companies on environmental and social issues said they are worried that an Exxon Mobil XOM.N lawsuit bypassing the U.S. securities regulator could undermine their influence.

Under appointees of U.S. President Joe Biden, …

Exxon files lawsuit against investors’ climate proposal

Exxon files lawsuit against investors’ climate proposal

BOE Report


Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May.

This is the first time …

January 22, 2024 - 11:35 am Climate Change, Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: Oil Price

New methane emission laws could transform U.S. energy sector

Oil Price


The U.S. Environmental Protection Agency (EPA) could introduce new emissions fees for the production of methane in oil and gas projects across the country if approved. This month, the EPA proposed a new rule to encourage clean energy …

Source: Reuters

U.S. Supreme Court lets Chevron foe Donziger’s contempt conviction stand

Nasdaq


The U.S. Supreme Court on Monday declined to hear a disbarred environmental lawyer’s challenge to his criminal contempt conviction after he earlier won but was unable to collect a $9.5 billion judgment against Chevron Corp CVX.N over oil pollution …

March 27, 2023 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: Oil Price

Judge dismisses lawsuit about big oil conspiracy

Oil Price


A federal judge has dismissed a lawsuit brought to a California court last year by a group of individuals claiming the Trump administration and U.S. oil producers colluded with Russia and Saudi Arabia to keep oil and gasoline …

Source: World Oil

Exxon taking legal action after Putin blocks final Russian exit

World Oil


(Bloomberg) — Exxon Mobil Corp. took the first step toward filing a lawsuit against Russia after Vladimir Putin blocked the oil major from exiting its only remaining operation in the country.

 

 

Exxon has been trying to …

Source: Reuters

Supreme Court restricts EPA’s authority to shift away from fossil fuels

World Oil


(Bloomberg) — The U.S. Supreme Court restricted the Environmental Protection Agency’s authority to curb greenhouse gases from power plants, siding with coal-mining companies and Republican-led states in a blow to President Joe Biden’s climate-change agenda.

The 6-3 ruling

Source: Reuters

Shell filed appeal against landmark Dutch climate ruling

Nasdaq


LONDON, March 29 – Energy major Shell SHEL.L has filed its appeal against a Dutch court ruling that ordered the oil, gas and fuel producer to cut its emissions faster in a landmark win for activists turning to courts …

March 29, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: World Oil

Texas, 14 other states sue EPA over ‘war against Texas oil and gas’

World Oil


Texas Attorney General Ken Paxton is leading a 14-state coalition challenging the Biden Administration’s Environmental Protection Agency (EPA) regulations on vehicle emissions. Paxton says President Joe Biden’s ‘bureaucratic decrees’ micromanage cars’ and trucks’ greenhouse gas emissions, which exceeds …

March 1, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: Reuters

U.S. Supreme Court backs pipeline companies in New Jersey land dispute

Reuters


WASHINGTON  -The U.S. Supreme Court on Tuesday ruled in favor of a consortium of energy companies including Enbridge Inc seeking to seize land owned by New Jersey to build a $1 billion natural gas pipeline despite the state’s objections.…

June 29, 2021 - 12:30 pm Closing Bell Story‎, Energy News, Law, Pipeline News
Source: CNBC

U.S. Supreme Court backs refineries in biofuel waiver dispute

CNBC


The U.S. Supreme Court on Friday bolstered a bid by small oil refineries to seek exemptions from a federal law requiring increasing levels of ethanol and other renewable fuels to be blended into their products, a major setback for …

Source: Reuters

Texas governor backs Exxon Mobil petition in climate case

Reuters


The governor of Texas in an unusual move on Thursday asked the state’s Supreme Court to accept an Exxon Mobil Corp (NYSE:XOM) petition seeking to reverse a state court decision in a climate change case.

California municipal …

Source: Reuters

Oil companies defeat New York City appeal over global warming

Reuters


NEW YORK – A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies liable to help pay the costs of addressing harm caused by global warming.

Ruling in favor of BP Plc, …

April 1, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: Siemens Energy

General Electric accuses Siemens Energy of rigging dids using stolen trade secrets

Oil and Gas 360


NEW YORK (Reuters) – General Electric Co accused a Siemens Energy AG subsidiary of using stolen trade secrets to rig bids for lucrative contracts supplying gas turbines to public utilities, and cover up improper business gains …

January 15, 2021 - 9:30 am Closing Bell Story‎, Energy News, Law, Power Generation
The Pecos River flows outside Carlsbad, N.M. The river is at the center of a dispute between New Mexico and Texas that the Supreme Court will hear.
Photographer: Steven St John/Bloomberg via Getty Images

Supreme Court Environmental Cases Could Stretch to Climate, Coal

Bloomberg Law


The U.S. Supreme Court launches its new term with a light environmental docket and a heavy air of uncertainty, with a nomination battle raging and a global pandemic continuing to disrupt the institution’s normal order.

The court sits

September 29, 2020 - 2:07 pm Climate Change, Coal News, Law, US News
First State Investment’s Acquisition of 40% Stake in Terra-Gen – Latham & Watkins LLP legal council

First State Investment’s Acquisition of 40% Stake in Terra-Gen – Latham & Watkins LLP legal council

Global Legal Chronicle


Latham & Watkins LLP acted as Energy Capital Partners’ legal counsel, while Mayer Brown LLP, as lead transaction counsel to FSI.

First State Investments, a leading global investor in infrastructure, and Energy Capital Partners, a leading power …

Maine Supreme Court Rules Referendum on New England Clean Energy Connect Unconstitutional

Maine Supreme Court Rules Referendum on New England Clean Energy Connect Unconstitutional

Today the Maine Supreme Court issued a ruling that found the proposed citizen’s initia…

August 13, 2020 - 2:21 pm Energy News, Law, Press Releases, Regulatory, Renewable Energy
Argentine Supreme Court Rejects Fraudulent Ecuadorian Judgment Against Chevron

Argentine Supreme Court Rejects Fraudulent Ecuadorian Judgment Against Chevron

Argentina’s highest court unanimously rejected the plaintiffs’ final bid to e…

July 31, 2020 - 4:40 am International, Law, Press Releases
Chesapeake Energy Corporation’s “First-Day Motions” Approved By Court

Chesapeake Energy Corporation’s “First-Day Motions” Approved By Court

OKLAHOMA CITYJune 29, 2020 /PRNewswire/ — Chesapeake Energy Corporation (NYSE:CHK) today announced that the U.S. Bankruptcy Court for the Southern District of Texas (“the Court”) has approved the Company’s motions seeking a variety of “first-day” relief, including authority …

June 29, 2020 - 10:48 pm Bankruptcy, Energy News, Finance, Law, Press Releases
Notice to Oil and Gas Operators: Temporary Exceptions to Certain Administrative Rules

Notice to Oil and Gas Operators: Temporary Exceptions to Certain Administrative Rules

360 Feed Wire


In its open meeting today the Railroad Commission of Texas (Commission), in recognition of the unprecedented national and global economic conditions currently impacting the oil and gas industry, took action to provide relief in the form of …

Enterprise Wins Favorable Ruling From Texas Supreme Court

Enterprise Wins Favorable Ruling From Texas Supreme Court

January 31, 2020 - 2:18 pm Law, Press Releases
Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs – This is a sign of tough times for Oil Field Service companies.

Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs – This is a sign of tough times for Oil Field Service companies.

Freightwaves


Flatbed truckload operators have been unprofitable for most of 2019

Oil & Gas 360 Publishers Note: We have been watching the Oil Field Service (OFS) take serious losses due to the investor demand for short-term returns. Investors are …

RasGas Train 6 began liquified natural gas (LNG) production in 2009 and was joined by RasGas Train 7 in early 2010. ExxonMobil has an interest in all of Qatar's operating LNG trains, which have a total capacity of over 60 million tonnes per year.

ExxonMobil responds to verdict in suit by New York Attorney General

Exxon


ExxonMobil today issued the following statement in response to the verdict from the Supreme Court of the State of New York:

“Today’s ruling affirms the position ExxonMobil has held throughout the New York Attorney General’s baseless investigation. We provided …

Photo: Mayra Beltran

Exxon blasts N.Y. for walking back claims at end of trial

Houston Chronicle


The New York attorney general’s office dropped its claim that Exxon Mobil Corp. intentionally misled investors about how it accounts for the financial risks of climate change, significantly diminishing the state’s case in the last minutes of a …

Tillerson rejects NY claim that Exxon’s climate plan was fake

Tillerson rejects NY claim that Exxon’s climate plan was fake

Former Exxon Mobil Corp. Chief Executive Officer Rex Tillerson rejected the New York attorney general’s claim that for years he spearheaded a secret scheme to defraud investors by lying about how the oil company planned for the financial risks of …

Former Exxon Mobil CEO and former U.S. Secretary of State Rex Tillerson arrives at New York State Supreme Court as an Exxon witness to testify as part of a trial in a lawsuit by New York's attorney general accusing the oil company of misleading investors about the risks of climate change regulations to its business in Manhattan, New York, U.S., October 30, 2019. REUTERS/Mike Segar

Former Exxon chief Rex Tillerson to testify in climate change fraud trial

Reuters


Former Exxon Mobil Corp Chief Executive Rex Tillerson is expected to take the stand on Wednesday in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors.

The case in Manhattan …

Photo: Gene J. Puskar, Associated Press

Landmark climate trial turns on whether Exxon cooked the books

Houston Chronicle:


 

Last month, millions of people around the globe gathered to protest what they consider a dangerous lack of vision among nations and industries when it comes to combating global warming, and the burning of fossil fuels …

The Burnaby Terminal and Tank Farm, the terminus of the Trans Mountain Pipeline, is seen in an aerial photo over Burnaby, British Columbia, Canada June 29, 2019. Picture taken June 29, 2019. REUTERS/Jason Redmond

Court suspends Alberta law curbing oil and gas flows to British Columbia

Source: Reuters


A Canadian court on Tuesday granted a temporary injunction against legislation enabling the province of Alberta to restrict the flow of oil and gas to neighboring British Columbia.

Alberta enacted Bill 12, dubbed the “turn off the taps …