July 06, 2015 | Texas Lawyer
BP to Settle Oil Spill Claims for $18.7B, Payout Over 18 YearsAfter five long litigious years in the wake of the massive Deepwater Horizon oil spill in the Gulf of Mexico, the oil giant BP recently reached an agreement in principle to settle for up to $18.7 billion all federal, state and local claims arising from the 2010 event.
By Angela Neville and Amanda Bronstad
7 minute read
July 06, 2015 | Texas Lawyer
Energy Future Holdings Poised to Hand Over Oncor to Bankruptcy CreditorsSince April 2014, Energy Future Holdings has been embroiled in a Chapter 11 bankruptcy suit in Delaware. In a recent surprise move, Energy Future Holdings attorneys announced in the bankruptcy court that they now have an agreement with multiple creditors to hand over Oncor.
By Angela Neville
3 minute read
July 02, 2015 | Texas Lawyer
Supreme Court Won't Hear Appeals From BP, Anadarko Over Oil Spill FinesOn June 29, the U.S. Supreme Court rejected the appeals of BP and Anadarko Petroleum over potential federal fines for their role in the oil spill in the Gulf of Mexico.
By Angela Neville
2 minute read
July 02, 2015 | Texas Lawyer
Supreme Court Won't Hear Appeals From BP, Anadarko Over Oil Spill FinesOn June 29, the U.S. Supreme Court rejected the appeals of BP and Anadarko Petroleum over potential federal fines for their role in the oil spill in the Gulf of Mexico.
By Angela Neville
2 minute read
July 01, 2015 | Texas Lawyer
Energy Future Holdings Poised to Hand Over Oncor to Bankruptcy CreditorsSince April 2014, Energy Future Holdings has been embroiled in a Chapter 11 bankruptcy suit in Delaware. In a recent surprise move, Energy Future Holdings attorneys announced in the bankruptcy court that they now have an agreement with multiple creditors to hand over Oncor.
By Angela Neville
3 minute read
June 30, 2015 | Texas Lawyer
SCOTUS Rules for Power Industry in EPA CaseIn a 5-4 ruling, the Supreme Court justices held that the EPA should have examined the costs to the electric power sector before electing to restrict the levels of the toxic air pollutants it regulated in 2011.
By Angela Neville
4 minute read
June 30, 2015 | Texas Lawyer
SCOTUS Rules for Power Industry in EPA CaseIn a 5-4 ruling, the Supreme Court justices held that the EPA should have examined the costs to the electric power sector before electing to restrict the levels of the toxic air pollutants it regulated in 2011.
By Angela Neville
4 minute read
June 29, 2015 | Texas Lawyer
O&G Promoter Slapped With Cease and Desist Order for Alleged FraudSecurities commissioner John Morgan, acting on behalf of the Texas State Securities Board (TSSB), recently entered an emergency cease and desist order against San Antonio-based Petro-San Resources and its president and managing member, Sean Patrick Riley.
By Angela Neville
3 minute read
June 29, 2015 | Texas Lawyer
O&G Promoter Slapped With Cease and Desist Order for Alleged FraudSecurities commissioner John Morgan, acting on behalf of the Texas State Securities Board (TSSB), recently entered an emergency cease and desist order against San Antonio-based Petro-San Resources and its president and managing member, Sean Patrick Riley.
By Angela Neville
3 minute read
June 29, 2015 | Texas Lawyer
Energy XXI in $245 Million Pipeline Asset SaleIn a new development, Energy XXI recently announced that it has executed a purchase and sale agreement to sell the Grand Isle Gathering System (GIGS) to CorEnergy Infrastructure Trust Inc. for $245 million in cash plus the assumption of abandonment liabilities related to the assets. The GIGS is a subsea, midstream pipeline system with related onshore facilities serving oil-producing fields in the shallow portion of the Gulf of Mexico.
By Angela Neville
4 minute read
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