Wall Street Journal, Dec 19,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Woodside and Chevron announced they would streamline their oil and gas operations throughout Western Australia by announcing a stake exchange deal. This move will result in the Australian energy company exiting the $34 Billion Wheatstone LNG Project. The U.S. Department of Justice has filed a lawsuit against the pharmacy chain CVS for filling illegal prescriptions of opioids and billing federal insurance programs. This is contributing to an epidemic of opioid overdose and addiction across the country.
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, as well as by power companies and industry association to stop the Environmental Protection Agency regulation while litigation is ongoing in a lower-court.
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. Department of Labor’s 2021 rule violated federal labor laws. No immediate comment was made by the Labor Department.
U.S. Supreme Court Rejects Exxon in Climate Change Document Fight
The U.S. Supreme Court on Monday cleared the way for the attorney general of Massachusetts to obtain records from Exxon Mobil Corp to probe whether the oil company for decades concealed its knowledge of the role fossil fuels play in climate change.The justices declined to hear Exxon's appeal of a ruling by the top court in Massachusetts holding that Attorney General Maura Healey, a Democrat, had jurisdiction to seek records to probe whether the company misled consumers and investors.The action by the high court marked the latest setback for Exxon in its efforts to halt the Massachusetts investigation and a similar one by New York's attorney general…
US Allows Williams More Time for NY-Penn. Natgas Pipeline
U.S. energy regulators gave Williams Cos Inc two more years until December 2020 to get the approvals needed to build its long-delayed Constitution natural gas pipeline from Pennsylvania to New York, according to a federal filing made available on Tuesday.Before it can start building the project, Williams still needs water quality certification. New York state denied the permit in 2016, saying the company failed to provide sufficient information to determine whether the project would comply with state water standards.Williams sued in federal court, arguing that New York waived its authority to decide on the certification by failing to act within a reasonable period of time.
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 that rival ION Geophysical Corp had to pay for infringing Schlumberger technology that helps find oil and gas beneath the ocean floor. Both companies are based in Houston.The decision expands the ability of patent owners to recover foreign-based damages…
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. Partners in the 125-mile (201-km) pipeline project include Williams Cos Inc, Duke Energy Corp, WGL Holdings Inc and Cabot Oil & Gas Corp.Reporting by Lawrence Hurley
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 Corp must pay for infringing Schlumberger technology that helps search for oil and gas beneath the ocean floor. Both companies are based in Houston.Some justices, including conservative Justice Neil Gorsuch and liberal Justice Stephen Breyer, expressed concerns about applying U.S.
FERC Mulls Action on NY Denial for NatGas Pipeline
U.S. federal energy regulators gave themselves more time to decide whether to rehear their earlier order upholding New York's denial of a water permit for Williams Cos Inc's Constitution natural gas pipeline from Pennsylvania to New York. The Federal Energy Regulatory Commission (FERC) on Wednesday rejected Constitution's request to overturn New York's denial of a water quality certification in January. If FERC did not act, Williams rehearing request would have been deemed denied within 30 days from the date the request was made, which was Feb. 12.
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. The justices will hear Schlumberger's appeal of a lower court ruling that barred it from recovering more than $93 million stemming from foreign contracts the company said it lost as a result of the infringement.
U.S. Top Court Hands Chevron Victory in Ecuador Pollution Case
The U.S. Supreme Court on Monday handed a victory to Chevron Corp by preventing Ecuadorean villagers and their American lawyer from trying to collect on an $8.65 billion pollution judgment issued against the oil company by a court in Ecuador. The justices turned away an appeal by New York-based lawyer Steven Donziger, who has spent more than to two decades trying to hold Chevron responsible for pollution in the Ecuadorean rain forest, of lower court rulings blocking enforcement in the United States of the 2011 judgment. While not disputing that pollution occurred…
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. Writing for the court, Justice Stephen Breyer said the U.S. Court of Appeals for the District of Columbia Circuit in 2015 used the wrong standard in denying Venezuela immunity from the lawsuit.
Trump Advisors Aim to Free Indian Land Resources
Native American reservations cover just 2 percent of the United States, but they may contain about a fifth of the nation's oil and gas, along with vast coal reserves. Now, a group of advisors to President-elect Donald Trump on Native American issues wants to free those resources from what they call a suffocating federal bureaucracy that holds title to 56 million acres of tribal lands, two chairmen of the coalition told Reuters in exclusive interviews. The group proposes to put those lands into private ownership - a politically explosive idea that could upend more than century of policy designed to preserve Indian tribes on U.S.-owned reservations…
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 a lower court ruling that allowed one of the claims brought by Helmerich & Payne International Drilling Company against the South American nation to proceed. The company sued both the Venezuelan government and state-owned oil companies under a U.S.
Most States on track to Meet Emissions Targets
The 27 states challenging Obama's Clean Power Plan in court say the lower emissions levels it would impose are an undue burden. But most are likely to hit them anyway. Already, Arkansas, North Carolina, Oklahoma and South Dakota appear to be meeting the CPP's early targets. And changes in the power market, along with policies favoring clean generation, are propelling most of the rest toward timely compliance, according to researchers, power producers and officials, as well as government filings reviewed by Reuters. "We are seeing reductions earlier than we ever expected," U.S. Environmental Protection Agency Administrator Gina McCarthy said in an interview.
US Supreme Court to Hear Venezuela Oil Rig Dispute
The U.S. Supreme Court on Tuesday agreed to weigh Venezuela's bid to block a lawsuit filed by an American oil drilling company that claims the South American country unlawfully seized 11 drilling rigs six years ago. The high court will review a May 2015 ruling by the U.S. Court of Appeals for the District of Columbia Circuit that allowed one of the claims made by Oklahoma-based Helmerich & Payne International Drilling Company to move forward. The company sued both the Venezuelan government and state-owned oil companies under a U.S. law called the Foreign Sovereign Immunities Act, saying among other things that the property seizure violated international law.
U.S. Top Court Rejects Challenge to Obama Mercury Air Pollution Rule
The U.S. Supreme Court on Monday let stand a lower-court ruling that left in place Obama administration environmental regulations limiting power plant emissions of mercury and other toxic pollutants while the Environmental Protection Agency revised them. The justices opted not to hear an appeal by 20 states led by Michigan of a December U.S. appeals court decision that said the rules could remain intact while the government responded to last year's Supreme Court ruling that the EPA should have considered the compliance costs when crafting the regulations. The rules affect mainly coal-fired power plants. (Reporting by Lawrence Hurley)
U.S. Top Court Rejects Ecuador Challenge to Chevron Arbitration Award
The U.S. Supreme Court on Monday rejected Ecuador's challenge to a $96 million international arbitration award in favor of energy company Chevron Corp in a dispute over the development of oil fields in the South American country. The high court's refusal to hear the case leaves in place an August 2015 ruling by the U.S. Court of Appeals for the District of Columbia Circuit upholding a 2011 award in Chevron's favor from The Hague's Permanent Court of Arbitration in the Netherlands. (Reporting by Lawrence Hurley)
U.S. Top Court Rejects Exxon Appeal in Groundwater Contamination Case
The U.S. Supreme Court on Monday rejected Exxon Mobil Corp's appeal of a $236 million judgment against the oil company in a case brought by the state of New Hampshire over groundwater contamination linked to a gasoline additive. The justices left in place the New Hampshire Supreme Court's 2015 ruling upholding the judgment by a jury that in 2013 spurned Exxon's claims that the contamination linked to its fuel additive was not its fault but rather the fault of the local gas stations and storage facilities that spilled it. (Reporting by Lawrence Hurley)
U.S. Supreme Court Rejects Appeal in Shareholder Suit Against BP
The U.S. Supreme Court on Monday declined a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of Mexico oil spill. The court left in place a September 2015 ruling by the New Orleans-based 5th U.S. Circuit Court of Appeals that refused to certify the lawsuit filed by investors who bought shares in the 2-1/2 years before the spill. BP's share price plummeted after the disaster that has cost the company more than $55 billion. BP…
