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Tag Archives: New Orleans

Three ships collide on Mississippi River, oil spilled

Marissa Hall | Shale Plays Media Three vessels collided late Tuesday night on the Mississippi River near New Orleans. Carlie Kollath Wells for the New Orleans Times-Picayune reports: The Coast Guard said the crash happened when the Maltese-flagged vessel Flag Gangos lost power and steering near mile marker 97.4 on the lower Mississippi River. The Flag Gangos collided around 11 ...

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Appeals court sides with Chesapeake on royalties

Max B. Baker | Fort Worth Star-Telegram Barnett Shale landowners fighting to keep Chesapeake Energy from deducting post-production costs from their royalty checks were dealt a potentially serious blow by two recent federal appeals court decisions, which stated that the gas-drilling giant is allowed to do so under the terms of their leases. The 5th U.S. Circuit Court of Appeals ...

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U.S. court revives BP retirement-plan suit filed after oil spill

bp

(Reuters) – A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans alleged they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster. The 5th U.S. Circuit Court of Appeals in New Orleans said that a ruling last month from the U.S. Supreme ...

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10-year sentence for ex-New Orleans Mayor Nagin

Kevin McGill | Associated Press NEW ORLEANS (AP) — Former New Orleans Mayor Ray Nagin was sentenced Wednesday to 10 years in prison for bribery, money laundering and other corruption that spanned his two terms as mayor — including the chaotic years after Hurricane Katrina hit in 2005. U.S. District Judge Helen Berrigan handed down the sentence Wednesday morning. Nagin ...

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Court: BP must pay Clean Water Act fines for spill

gulf oil spill

Janet McConnaughey | Associated Press NEW ORLEANS — The owners of the blown-out Macondo well cannot avoid federal fines for the 2010 oil spill by blaming another company’s failed equipment, a federal appeals court ruled Wednesday. The oil came from a well owned by BP and Anadarko Petroleum Corp., so they are liable, the 5th U.S. Circuit Court of Appeals said. It ...

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Louisiana infrastructure in for growing pains

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John Bestoloffe, Shale Plays Media With the Haynesville shale already established and the Tuscaloosa Marine shale quickly emerging, Louisiana has a vast amount of potential for the oil and gas boom. However, concerns are rising around the inadequate infrastructure supporting the thriving energy industry. Maturing roads, waterways, and pipelines may prove to be a setback for industry growth. The quality ...

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Appeals court won’t rehear BP settlement issue

BP

By KEVIN McGILL for the Associated Press NEW ORLEANS — A federal appeals court has refused to reconsider its March ruling that businesses don’t have to prove they were directly harmed by BP’s 2010 Gulf Of Mexico oil spill to collect settlement payments. BP had asked the full 5th Circuit Court of Appeals in New Orleans to rehear the case. ...

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Court upholds $121 million award against Chesapeake

chesapeake energy

Jim Fuquay, The Fort Worth Star-Telegram The 5th U.S. Circuit Court of Appeals upheld an award of $121 million against Chesapeake Energy on Thursday in a case where it dropped a deal to buy more than 500 oil and gas leaseholds in Texas. Preston Exploration Co., based in The Woodlands, north of Houston, and two other parties sued Chesapeake in ...

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Bills to scuttle ‘Big Oil’ suit progress

wetlands

By Kevin McGill NEW ORLEANS (AP) — The state Senate’s recent passage of a bill that could scuttle a lawsuit over damage done to coastal wetlands by the oil and gas industry would also seem to scuttle any notion that the political winds in Baton Rouge that have historically favored the industry are shifting. Still, “Big Oil” may not be ...

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Senate committee backs bill targeting levee board

levee

BATON ROUGE, LA. (AP) — Senators advanced a proposal Wednesday that would let the governor remove New Orleans-area levee board members for violating what he considers to be public policy, despite concerns it would introduce political meddling into state flood protection. The bill by Sen. Robert Adley, R-Benton, was a direct response to Gov. Bobby Jindal’s anger over the actions of ...

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