A federal bankruptcy court judge in Manhattan granted a request by Sabine Oil & Gas Corp. and its subsidiaries to modify the amount of some claims by its creditors, and agreed to disallow and expunge other claims, including duplicates and those with insufficient documentation.
Claims
Articles from Claims
Transocean Joins Halliburton in Settling More Macondo Claims
The Plaintiffs’ Steering Committee (PSC), which is spearheading litigation resulting from the Macondo oil spill in 2010, has reached a preliminary agreement with Deepwater Horizon rig owner Transocean Ltd. to settle claims arising from the accident.
May 21, 2015
Transocean Joins Halliburton in Settling More Macondo Claims
The Plaintiffs' Steering Committee (PSC), which is spearheading litigation resulting from the Macondo oil spill in 2010, has reached a preliminary agreement with Deepwater Horizon rig owner Transocean Ltd. to settle claims arising from the accident.
May 21, 2015
BP Seeking Removal of Macondo Claims Administrator
BP plc is attempting to oust the controversial court-appointed claims administrator of the Macondo oil spill program.
September 4, 2014
Supreme Court’s Scalia to Review New BP Appeal on Macondo Payouts
The U.S. Supreme Court has been asked by BP plc to review a mandate that would require the producer to continue paying Macondo-related oil spill settlement claims regardless of whether the original agreement is determined to be fair.
May 29, 2014
BP Loses Appeal in Split Decision on Macondo Payouts
BP plc could appeal to the U.S. Supreme Court after a federal appeals court on Monday rejected a bid in an 8-5 decision that would have allowed the oil major to prevent compensation payments to businesses that had not proved they were harmed directly by the Macondo well blowout.
May 20, 2014
NGI The Weekly Gas Market Report
Anadarko Shares Soar on Tronox Settlement
Anadarko Petroleum Corp. shares climbed more than 14% Thursday after the company agreed to pay $5.15 billion to plaintiffs involved in legacy Tronox Inc. operations. The settlement, about one-third the amount Anadarko was expected to pay, is the largest environmental recovery ever, the U.S. Department of Justice said.
April 3, 2014
BP’s Bid to Drop Some Macondo-Related Payments Rejected
BP plc’s request to halt some settlement payments related to the Macondo well blowout in 2010 has been rejected by the New Orleans court overseeing the multi-district litigation.
December 26, 2013
Fifth Circuit Rules in Favor of BP on Damage Claims
A federal appeals court in New Orleans on Wednesday ordered that some payments required to be paid by BP plc be halted to Gulf Coast businesses claiming they were impacted by the Macondo well blowout.
October 4, 2013
Pennsylvania Records Indicate Disgruntled Family Still Receives Royalties
A Pennsylvania family that had sued Range Resources Corp. and other midstream operators for allegedly contaminating its property with hydraulic fracturing (fracking) fluids is still receiving monthly royalty payments, according to court-released settlement documents.
August 15, 2013
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