Posts Tagged ‘energy’

BP to sell part of its Gulf of Mexico stake to Chevron

NEW YORK — BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together. Terms of the deal were not disclosed. The joint-development agreement is a way for the companies to try […] [...]

DAVID DALLAS — Roger Wicker: Profile in discouragement

Mississippi Sen. Roger Wicker has become a voice in the Wilderness, a Lone Voice in the Wilderness. Last week the United States Senate voted 98-1, declaring, “It is the sense of the Senate that climate change is real and not a hoax.” Most folks have a hard time reading the words “Sense” and “Senate” together […] [...]

BP to call witnesses as it fights for lesser spill penalty

NEW ORLEANS — It will be oil giant BP’s turn Monday to call witnesses as it makes its case for a civil penalty lower than the $13.7 billion the federal government is seeking for the 2010 Gulf of Mexico oil spill. The second week of a three-week trial was set to begin in New Orleans. […] [...]

BP hopes to lessen potential $13.7 billion spill penalty

NEW ORLEANS — Lawyers for the government and oil giant BP head to federal court Tuesday for a trial in that could add more than $13 billion in penalties to the billions BP already has shelled out as a result of 2010 Gulf oil spill. Federal lawyers say BP should pay Clean Water Act penalties […] [...]

Judge: 3 million barrels discharged after 2010 BP spill

NEW ORLEANS — The amount of oil discharged into the Gulf of Mexico as a result of a 2010 rig explosion was more than BP estimated, but less than the government calculated, a federal judge determined Thursday in a ruling that could cost the London-based oil giant more than $13 billion. U.S. District Judge Carl […] [...]

Mississippi files fraud lawsuit against Khosla over KiOR failure

JACKSON — The state of Mississippi has sued billionaire Vinod Khosla and others, saying they knew long ago that bankrupt biofuel firm KiOR had poor prospects for success, but misled the state into loaning the company $75 million. The lawsuit, filed Tuesday in Hinds County Circuit Court, alleges Khosla and others engaged in fraud, negligence […] [...]

Khosla seeks KiOR plant receiver, says Miss. ran off buyer

JACKSON — KiOR financier Vinod Khosla is asking a Mississippi state court judge to name a receiver for the company’s Columbus plant, at the same time that he’s accusing the state of scaring off a potential buyer for the shuttered biofuel refinery. Companies controlled by Khosla filed the motion Friday in Lowndes County Chancery Court, […] [...]

KiOR says Miss. seeks to destroy it in court ploy

JACKSON — Bankrupt biofuel maker KiOR and controlling shareholder Vinod Khosla say the state of Mississippi is using legal tactics in an attempt to squeeze money from the company. KiOR, based in Pasadena, Texas, fired back Thursday at the Mississippi Development Authority’s December call to convert KiOR’s case from Chapter 11 reorganization into Chapter 7 […] [...]

Obama administration sued over Gulf of Mexico fracking info

by Published: January 8,2015

Tags: Business, energy, Gulf Coast, gulf of mexico, Mississippi, NEWS

GAINESVILLE — An environmental advocacy group is suing the Obama administration in federal court for refusing to release documents detailing the extent of fracking in the Gulf of Mexico. The Center for Biological Diversity filed the lawsuit Thursday in U.S District Court in Washington, saying the Bureau of Ocean Energy Management has refused to comply […] [...]

Mississippi tries to force KiOR into liquidation

JACKSON — The state of Mississippi is trying to force biofuel maker KiOR into liquidation. The company filed for Chapter 11 reorganization last year, with plans for controlling shareholder and financier Vinod Khosla to buy what’s left of the company. But the Mississippi Development Authority says that’s an inappropriate attempt to dump debt while allowing […] [...]

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