A unit of Halliburton Co. on Thursday agreed to plead guilty to one misdemeanor count of destroying evidence in connection with the April 2010 Macondo well blowout in the deepwater Gulf of Mexico, the U.S. Department of Justice (DOJ) said. The settlement is subject to district court approval.
Plead
Articles from Plead
Industry Brief
Transocean Ltd.’s agreement to plead guilty for its role in the April 2010 Macondo well blowout in the Gulf of Mexico has been accepted by a federal court in New Orleans. Transocean owned the Deepwater Horizon drilling platform, which was destroyed in the well blowout, killing 11 men. U.S. District Judge Jane Triche Milazzo accepted the agreed-upon settlement reached in January with the Department of Justice, in which Transocean pleaded guilty to a misdemeanor charge and agreed to pay $400 million in criminal penalties. Transocean also has agreed to pay $1 billion in civil penalties, which is to be decided in a different court.
Three Ex-Duke Employees Plead Innocent in Energy Trading Scheme
Two former executives and an ex-energy trader for Duke Energy Corp.’s Houston-based trading unit pleaded innocent Wednesday to charges that they schemed to secure bonuses by fraudulently manipulating energy trading profits. All were released on separate $100,000 bonds.
Three Ex-Duke Employees Plead Innocent in Energy Trading Scheme
Two former executives and an ex-energy trader for Duke Energy Corp.’s Houston-based trading unit pleaded innocent last week to charges that they schemed to secure bonuses by fraudulently manipulating energy trading profits. All were released on separate $100,000 bonds.
Reliant Energy, One-Time Traders Plead Not Guilty to Criminal Mischief in CA
Reliant Resources Inc.’s power trading subsidiary, Reliant Energy Services Inc., and four individuals pleaded not guilty earlier this month to charges that they artificially drove up power prices in California by keeping generation capacity off the market during a two-day period in June 2000 (see NGI, April 12).
Reliant Energy, One-Time Traders Plead Not Guilty to Criminal Charges
Reliant Resources Inc.’s power trading subsidiary, Reliant Energy Services Inc., and four individual traders pleaded not guilty Friday to charges that they artificially drove up power prices in California by keeping generation capacity off the market during a two-day period in June 2000 (see Daily GPI, April 12).
Three Former Nicor Energy Officials Plead Guilty to Fraud Charges
Three former Nicor Energy executives pleaded guilty late last week to federal fraud charges of inflating revenues and understating expenses in an effort to meet profit goals and boost bonuses in 2001.
Three Former Nicor Energy Officials Plead Guilty to Fraud Charges
Three former Nicor Energy executives pleaded guilty late last week to federal fraud charges of inflating revenues and understating expenses in an effort to meet profit goals and boost bonuses in 2001.
Former Dynegy Execs Plead Guilty in Project Alpha Case
Two former Dynegy Inc. executives face up to five years in prison and $250,000 in fines after they pleaded guilty last Tuesday to one count of conspiracy to commit securities fraud for their part in Project Alpha, a scheme that disguised a $300 million loan as a natural gas trade. The former executives, who agreed to cooperate with prosecutors, are scheduled to be sentenced in October.
Former Dynegy Execs Plead Guilty in Project Alpha Case
Two former Dynegy Inc. executives face up to five years in prison and $250,000 in fines after they pleaded guilty on Tuesday to one count of conspiracy to commit securities fraud for their part in Project Alpha, a scheme that disguised a $300 million loan as a natural gas trade. The former executives, who agreed to cooperate with prosecutors, will be sentenced in October.