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Tag Archives: Department of Justice

SandRidge Energy says antitrust investigation dropped

OKLAHOMA CITY (AP) — Oklahoma City-based SandRidge Energy Inc. says the U.S. Department of Justice has dropped an antitrust investigation into the company. The oil and natural gas company said Friday in a filing with the Securities and Exchange Commission that it was notified Thursday that it is no longer the target of an investigation into possible antitrust violations in ...

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Chesapeake Energy ex-CEO Aubrey McClendon indicted

OKLAHOMA CITY (AP) — Aubrey McClendon, the former chief executive of Chesapeake Energy Corp., was indicted Tuesday on a charge of conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma. The Department of Justice said in a statement that McClendon is suspected of orchestrating a scheme between two large energy companies, which are not named ...

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U.S. regulators seek more concessions to OK Halliburton-Baker Hughes deal

Various Halliburton equipment being stored at the equipment yard in Alvarado, Texas June 2, 2015. While giants like Halliburton, Baker Hughes and Schlumberger are weathering the slump by cutting tens of thousands of jobs, small- and medium-sized firms that make up at least half of the nearly $100 billion a year U.S. oil services industry that provides fracking sand and specialized chemicals for fracking have been hit far harder than their large, cash-rich rivals by the downturn, experts say. Picture taken on June 2, 2015. REUTERS/Cooper Neill - RTX1GZSL

Halliburton Co <HAL.N> and Baker Hughes Inc <BHI.N> said U.S. antitrust officials were not satisfied with the concessions they offered to win approval for their proposed merger, and that officials said they would assess further proposals. The two oilfield service providers said it was unlikely they would be able to settle with the U.S. Department of Justice by Tuesday, the ...

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U.S., Alaska: species recovered, no need for Exxon Valdez spill damages

WASHINGTON – U.S. and Alaskan authorities on Thursday said they will no longer seek additional damages from Exxon Mobil Corp over the 1989 Exxon Valdez disaster and the subsequent settlement, saying wildlife affected by the oil spill have sufficiently recovered. The Department of Justice said it is closing federal and state judicial actions against the company and opting not to ...

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DOJ review of Halliburton and Baker Hughes deal extended

The mega-merger between the world’s second and third largest oil field service companies will grant U.S. antitrust regulators additional time to review the deal. The two companies, Halliburton and Baker Hughes, have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ). The review process of the merger, valued at $34.6 billion, will be ...

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Noble in $12.2 mln settlement with DOJ over Alaska drilling

HOUSTON, Dec 8 – Drilling contractor Noble Corporation PLC on Monday said it paid $12.2 million to settle felony charges by the U.S. Department of Justice related to safety, environmental and record keeping violations on vessels in Arctic waters off Alaska in 2012. During 2012, the Noble Discoverer drillship experienced numerous problems with its main propulsion system, including its main ...

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Superior Crude to pay $1.6M oil spill penalty

oil spill

INGLESIDE, Texas — Federal regulators say Superior Crude Gathering Inc. has agreed to pay a $1.6 million civil penalty over a 2010 oil storage tanks spill in South Texas. The Environmental Protection Agency and the U.S. Department of Justice say the consent decree was filed Wednesday. Investigators say more than 92,000 gallons of crude oil spilled from a Super Crude ...

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