Enterprise Wins Favorable Ruling From Texas Supreme Court
Enterprise Wins Favorable Ruling From Texas Supreme Court
…Law
Texas-based flatbed carrier with 260 trucks shuts down, citing insurance costs – This is a sign of tough times for Oil Field Service companies.
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 …
ExxonMobil responds to verdict in suit by New York Attorney General
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 …
Exxon blasts N.Y. for walking back claims at end of trial
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
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 chief Rex Tillerson to testify in climate change fraud trial
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 …
Landmark climate trial turns on whether Exxon cooked the books
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 …
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 …
Galveston Company Enters Race to Supply IMO 2020 Fuels
With a massive shift in the marine fuel market just months away from implementation, a Galveston fuel storage operator says it plans to operate a 50,000 barrel a day crude processing facility to meet new stricter …
Colorado Joins California in Requiring Automakers to Sell More Electric Cars
From CNBC
Colorado has become the 11th state to adopt California’s zero-emission-vehicle mandate forcing automakers to sell more electric cars in the state.
The new rule was passed by Colorado’s air-quality commission by a vote of 8 to 1 on …
Citgo’s New CEO Confident in an Uncertain Time
Houston’s Citgo Petroleum is under attack on multiple fronts. Creditors for its parent company want to seize its refineries. It’s at the center of a fight for control over Venezuela. The Justice Department is investigating it …
Court Affirms Alternative Keystone XL Oil Pipeline Route Through Nebraska
From Reuters
A court in Nebraska on Friday affirmed an alternative route through the Midwest state for TC Energy Corp’s Keystone XL oil pipeline in the latest chapter in the nearly 10-year legal fight over the Canada to Texas pipeline.…
U.S. Court Confirms Citgo Board Appointed by Venezuela’s Opposition
In a victory for Venezuela’s opposition government, a U.S. judge confirmed Citgo Petroleum’s board of directors appointed by Juan Guaido, squashing socialist leader Nicolas Maduro’s efforts to regain control over the Houston oil refiner.
On Wednesday …
Citgo to Appoint New CEO to Navigate Political, Legal Turmoil – Sources
From Reuters
Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working …
Trump Administration Moves to Limit State Powers to Block Pipelines, Terminals
From Reuters
The U.S. Environmental Protection Agency on Friday unveiled a proposal that would curb state powers to block pipelines and other energy projects, as part of the Trump administration’s effort to boost domestic oil, gas and coal development.
The …
Texas County Sues Exxon Over Air Pollution from Petrochemical Fire – Official
From Reuters
Harris County, Texas sued Exxon Mobil Corp on Thursday over pollution from a fire a day earlier at the company’s Baytown Olefins Plant, according to an attorney for the county.
The fire was being investigated by federal and …
Right-Wing Groups Ask Trump Not to Intervene With Citgo
A bevy of right-wing groups are asking the Trump administration not to intercede on behalf of the Venezuelan opposition government to keep Citgo Petroleum from being seized and auctioned.
The Houston-based refiner Citgo is owned by …
Venezuela Faces the Loss of Citgo – and Desperately Needed Dollars
Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award.
A U.S. appeals court ruled on Monday that …
Ecuadorian Plaintiffs End Litigation Against Chevron
Ecuadorian Plaintiffs End Fraudulent Litigation Against Chevron
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Oil Law – Contract Language Outweighs Industry Custom in Farmout Case: Texas Supreme Court
From the Houston Chronicle
The Supreme Court of Texas ruled that the plain language of a contract outweighs industry custom in an oil drilling case involving Carrizo Oil & Gas
AUSTIN – The Texas Supreme Court continued its deference to …
U.S. Judge Tosses Climate Lawsuits by California Cities, but Says Science is Sound
From E&E News
A federal court judge yesterday threw out lawsuits from two California cities seeking to make oil companies pay for worsening sea-level rise and other climate change impacts.
Judge William Alsup of the U.S. District Court for the …
TechnipFMC To Pay $296 Million To Resolve Foreign Bribery Probes In U.S. and Brazil
From RTTNews
TechnipFMC (FTI) agreed to pay a total of $296 million to resolve allegations the company bribed Brazilian and Iraqi officials, the U.S Justice Department said.
Technip USA and Technip’s former consultant pleaded guilty today in connection with the …
Appeals Court Overturns Lower Court: Keystone XL Pipeline Can Move Forward
But TC Energy says no mainline construction planned for 2019
From UPI
June 8 (UPI) — A federal appeals court has ruled in favor of the Keystone XL pipeline moving forward by overturning a lower court injunction, but U.S. construction …
U.S. Lawmaker Wants EPA Refinery Biofuel Waivers Investigated
From Reuters
Democratic Senator Tammy Duckworth on Wednesday asked the U.S. Environmental Protection Agency’s Office of Inspector General to investigate why the agency vastly expanded its use of waivers to exempt small refineries from the nation’s biofuel law.
The request, …
U.S. Asks Supreme Court for More Time to Appeal Circuit Court Nix of Dominion’s Atlantic Coast Pipeline
From Reuters
The U.S. Solicitor General asked the Supreme Court on Wednesday to extend the time the government has to file a petition in an appeal of a circuit court decision preventing Dominion Energy Inc from building the Atlantic Coast …
How a Sleepy Texas Trust Turned into a Permian Oil Proxy War
The Texas Pacific Land Trust, which was formed in the late 19th century to hold and manage millions of acres, has become the focal point of what is arguably the fiercest shareholder battle in the energy sector
From the Houston …
Sanctions Bill on Nord Stream 2 Coming Soon: Perry
From Reuters
KIEV (Reuters) – United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant future.”
The Nord …
