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Tag Archives: BP

Oil companies lose pipeline case that could be worth hundreds of millions to Alaska

A federal agency has ruled that the oil-company owners of the trans-Alaska pipeline had so badly managed an upgrade project, they can’t recover their costs by charging higher fees for moving oil, a decision that could save the state and independent producers hundreds of millions of dollars over the life of the pipeline. The “imprudently” managed project to update four ...

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Last defendant pleads not guilty in major BP fraud case

GULFPORT, Miss. — The last of seven defendants in a BP claims fraud case, 33-year-old Thi Houng Le, has pleaded not guilty to 95 felony charges. The Sun Herald reports Le was represented in U.S. District Court on Monday by Public Defender John Weber because, she said, she could not afford an attorney. Weber said he has been representing the ...

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Sentencing set in claim fraud case from Gulf oil spill

NEW ORLEANS — A man who pleaded guilty to wire fraud in a case arising from the BP Gulf of Mexico has been sentenced to two years in prison. U.S. District Judge Stanwood Duval handed down the sentence Wednesday for Casey Thonn of Slidell. In 2014, Thonn pleaded guilty to two counts of wire fraud. The case involved fraudulent claims ...

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Indictment says lawyer’s bogus BP clients included dog

GULFPORT, Miss. — The U.S. Attorney’s Office in Mississippi’s Southern District has indicted a San Antonio attorney, his brother and five others on 95 counts of conspiracy, mail fraud, wire fraud, identity theft and aggravated identity theft for allegedly submitting false claims in BP oil catastrophe litigation. Southern District U.S. Attorney Gregory Davis said at a news conference Thursday the case ...

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Statoil posts worse than expected profit, cuts spending

OSLO – Norway’s Statoil posted a third-quarter operating profit below market forecasts on Wednesday and said it has cut its capital spending for this year by another $1 billion as the oil industry struggles with low crude prices. Adjusted operating profit fell to 16.7 billion Norwegian crowns ($1.97 billion) from 30.9 billion in the same quarter a year ago. Analysts ...

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