Nasdaq WASHINGTON – A U.S. Senate panel will consider as soon as next week a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion on boosting petroleum prices, a Senate aide said on Thursday. The bill, sponsored by Republican Chuck Grassley and Democrat Amy Klobuchar and others, will be considered as the
Nasdaq BERLIN, Feb 23 – Germany’s decision to halt the certification of Nord Stream 2 has raised questions about the future of the $11 billion, 1,230-km gas pipeline under the Baltic Sea and the prospect of compensation lawsuits by its Russian owner Gazprom GAZP.MM. Here is what to expect next regarding Europe’s most divisive energy project: IS NORD STREAM 2
Reuters WASHINGTON/NEW YORK – A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good at blocking them in court. The latest setbacks have increased the difficulty for developers of billions of dollars worth of
Not Supported by AEP Founder McClendon The latest chapter of the Aubrey McClendon/Chesapeake (ticker: CHK) saga has closed. For now. On April 14, 2015, a subsidiary of American Energy Partners (AEP) agreed to hand over 6,000 acres in Ohio and pay up to $25 million to Chesapeake, ultimately settling a lawsuit launched by the latter E&P in February. Chesapeake alleged
The Center for Biological Diversity filed a lawsuit against the United States Interior Department on February 19, 2015, alleging the violation of three federal laws for oil and gas development offshore California. The results from the lawsuit could potentially affect the oversight of all offshore activity, including those in the Gulf of Mexico. The Center cited several reasons behind its
It didn’t take much longer than a cup of coffee before the lawsuits began to fly after Illinois completed its new oil and gas rules last week, which would have opened the door to new energy development that some business leaders called a coming boom. Landowners and an environmental activist organization are suing the governor of Illinois and the head
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