US Supreme Court will not halt EPA power plant emission rule
The U.S. Supreme Court refused on Wednesday to suspend a new federal regulation targeting carbon pollution from coal and gas-fired plants, despite the requests of many states and industry groups. This is another major setback to President Joe Biden’s efforts to fight climate change. The Justices refused emergency requests from West Virginia, Indiana, and 25 other states, most of which are Republican-led…
US Court of appeals overturns Biden's tip wage rule
A U.S. court of appeals on Friday overturned a rule that President Joe Biden’s administration had adopted to increase the pay of tipped employees. The court cited a recent U.S. Supreme Court decision which curtailed federal agencies’ ability to issue regulations. The 5th U.S. Circuit Court of Appeals, located in New Orleans, is composed of a three-judge panel. Circuit Court of Appeals sided with two restaurant industry groups unanimously in finding that the U.S.
Cheniere Asks Biden Admin to Drop Pollution Rule
Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe, according to documents reviewed by Reuters.The request imposes an uncomfortable dilemma on President…
New York City Sues Exxon, BP, Shell Over Climate Change
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as "cleaner" and advertising themselves as leaders in fighting climate change.The lawsuit comes after a federal appeals court this month rejected the city's effort to hold five major oil companies liable to help pay the costs of harm caused by global warming.The lawsuit said Exxon Mobil Corp…
U.S. Court Stops Work on Natgas Pipeline
EQT Midstream Partners will stop construction in West Virginia of parts of its $3.5 billion Mountain Valley natural gas pipeline, after a U.S. federal appeals court issued a stay order last week against a permit, a U.S. regulator and the company said. The pipeline company will not proceed with construction in waters affected by the stay order in West Virginia, the U.S. Federal Energy Regulatory Commission said in a document issued on Monday.
Schlumberger Wins in US Supreme Court on Patent Damages
The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider.The 7-2 decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and reduced by $93.4 million the damages sum…
U.S. Top Court Rejects Constitution Pipeline Over New York Permit
The U.S. Supreme Court on Monday dealt another setback to a proposed natural gas pipeline running from Pennsylvania to New York, rejecting Constitution Pipeline Co's bid to challenge New York state's refusal to issue a needed water permit for the project.The high court left in place an August 2017 ruling by the New York-based 2nd U.S. Circuit Court of Appeals in favor of the state.
Schlumberger Fights to Boost Patent Damages at US Supreme Court
The U.S. Supreme Court on Monday appeared divided over whether to make it easier for companies to recoup profits lost due to the unauthorized use of their patented technology overseas in a dispute involving Schlumberger NV, the world's largest oilfield services provider.The nine justices heard about an hour of arguments that will resolve the amount of money that rival ION Geophysical…
US Supreme Court to Hear Schlumberger Fight over Patent Damages
The U.S. Supreme Court on Friday agreed to review a bid by Schlumberger NV, the world's largest oilfield services provider, to allow companies to recoup profits lost due to patent infringement when patented technology is used overseas. The case involves a fight over how much rival ION Geophysical Corp must pay for infringing Schlumberger technology that helps search for oil and gas beneath the ocean floor.
US Appeals Court Voids Exxon Enforcement of Venezuela Award
A U.S. appeals court said on Tuesday that Exxon Mobil Corp cannot enforce a $1.6 billion international arbitration award against Venezuela stemming from a 2007 asset seizure, voiding a lower court judgment. In a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge erred in excusing Exxon from complying with procedural requirements to enforce the October 2014 award…
US Top Court Sides with Venezuela over Oil Rigs Claim
The U.S. Supreme Court on Monday tossed out a lower court's ruling that had allowed an American oil drilling company to sue Venezuela over the seizure of 11 drilling rigs in 2010 but allowed the business another chance to press its claims. Siding with Venezuela, the justices ruled 8-0 that a lower court that had given the go-ahead for the suit must reconsider whether claims made by Oklahoma-based Helmerich & Payne International Drilling Company can proceed.
Clean Power Plan Lawsuit Put on Hold
A U.S. appeals court on Friday granted a Trump administration request to put on hold a legal challenge by industry and a group of states to former President Barack Obama's regulations aimed at curbing greenhouse emissions mainly from coal-fired power plants, rules that the Republican president is moving to undo. A 10-judge panel of the U.S. Court of Appeals for the District of Columbia…
Company to Pay $9.5 Mln for Actions Leading to US Gulf Explosion
Wood Group PSN Inc., a Nevada corporation headquartered in Houston, was ordered to pay $9.5 million in two separate cases involving its conduct in the Gulf of Mexico. Specifically, Wood Group PSN was ordered to pay $7 million for falsely reporting over several years that personnel had performed safety inspections on offshore facilities in the Gulf of Mexico in the Western District of Louisiana…
Court: $1.8B Gas Transport Tariff Row
A Norwegian court will hear an appeal next week by four firms seeking to overturn a ruling that upheld a government decision to cut offshore gas transportation tariffs. The firms - owned by Allianz, UBS, the Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board - said the slashed tariffs would cost them 15 billion crowns ($1.8 billion) in lost earning by 2028.
Massey Ex-CEO's Conviction Upheld Over Fatal Mine Blast
A federal appeals court on Thursday let stand former Massey Energy Co Chief Executive Donald Blankenship's conviction for conspiracy and one-year prison sentence related to his role in a 2010 West Virginia coal mine explosion that killed 29 workers. The 4th U.S. Circuit Court of Appeals rejected Blankenship's argument that his conviction should be overturned because the trial judge made several errors…
US Appeals Court Hears Arguments on Scope of Petrobras Class Action
Attorneys for Brazil's state-controlled oil company, Petroleo Brasileiro SA, asked a U.S. federal appeals court on Wednesday to decertify a class of investors trying to recoup billions of dollars in losses stemming from a sprawling corruption scandal. Petrobras, as the company is known, and its bank underwriters argued that it is not clear buyers and sellers of the company's securities, traded on exchanges all around the world, were doing transactions in the Unites States.
US Justices Drill Down on Venezuela Oil Rig Dispute
Some U.S. Supreme Court justices on Wednesday appeared wary about the foreign policy implications of making it too easy for foreign governments to be sued in U.S. courts as they considered a lawsuit by an Oklahoma-based oil drilling company that claims Venezuela unlawfully seized 11 drilling rigs six years ago. The eight justices heard an hour-long argument in Venezuela's appeal of…
Chesapeake Energy Loses Appeal in $438.7 mln Bond Dispute
A federal appeals court on Thursday rejected Chesapeake Energy Corp's effort to avoid having to pay $438.7 million, including interest, to investors in a bond dispute. The 2nd U.S. Circuit Court of Appeals in Manhattan let stand a July 2015 ruling requiring the payout, after the natural gas company waited too long to tell bondholders of its plan to redeem their debt six years early.
Chevron Beats US Appeal in Ecuador Pollution Case
A federal appeals court on Monday blocked the enforcement of a more than $8.6 billion pollution judgment obtained in Ecuador against Chevron Corp , letting stand a lower court ruling that said an American lawyer used "corrupt means" to win the award. The 2nd U.S. Circuit Court of Appeals in Manhattan rejected efforts by the lawyer Steven Donziger and representatives of residents of Ecuador's Lago Agrio region to enforce the judgment.
Pemex Loses US Appeal of $406 Mln Arbitration Award
A U.S. appeals court on Tuesday upheld a decision confirming a $406 million arbitration award won by a unit of KBR Inc in a contract dispute with Mexico's national oil company, Pemex. The 2nd U.S. Circuit Court of Appeals in New York let stand a decision confirming an award of $300 million even though a Mexican court had nullified it, and upheld a lower court ruling that added $106 million to the judgment. Representatives of Pemex and KBR, a U.S.
