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Oil & Gas industry
US landowners sue to force oil company clean-up of abandoned wells
...The Adams County government found in September 2022 that the Painted Pegasus transfer was “the largest single-operator well orphaning in state history”....
February 23, 2024
Berkshire Hathaway Inc
Berkshire Hathaway settles dispute over value of Pilot Travel Centers
...Warren Buffett’s Berkshire Hathaway averted a courtroom showdown over its purchase of a truck stop operator founded by a Tennessee billionaire, after settling a dispute centred on the value of the business...
January 8, 2024
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
US-Iran tensions
Owner of ship seized carrying Iranian oil pleads guilty in US court
...A lawyer representing the defendants did not immediately respond to a request for comment....
September 7, 2023
Ziyavudin Magomedov
Jailed oligarch accuses TPG of colluding with Kremlin to seize $14bn assets
...The governor of Vladivostok subsequently told workers at the port that Rosatom was to become the operator and, ultimately, the owner of Fesco, according to the claim....
September 27, 2023
Telecoms
‘Unlawful collusion’ by mobile groups led to Phones 4U demise, High Court told
...DT added the claim was “opportunistic” and claimed P4U was seeking “to shift the blame for its demise” on to the mobile operators “when the simple fact is that P4U was bled dry by its private equity owners...
May 16, 2022
Travel & leisure industry
Claridge’s owner removes directors in row over stake value
...The establishment’s operator Maybourne Hotels, which is ultimately owned by Sheikh Hamad bin Jassim bin Jaber al-Thani and Sheikh Hamad bin Khalifa al-Thani, has pushed property developer Patrick McKillen...
April 8, 2022
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Transcript
On trial in the Vatican
...Nord Stream 2 has been asked to, what they call unbundle the system, so that there will be a different operator of the pipeline, a different owner of the pipeline and so on....
November 17, 2021
Dmitry Rybolovlev
Monaco court dismisses Russian oligarch’s case against art dealer
...Until his arrest, Mr Bouvier’s businesses thrived on their reputation for discretion and he was primarily known as the operator and owner of several freeports, vast warehouses used to store billions of dollars...
December 12, 2019
News in-depthPound Sterling
Zig-zagging pound sharpens concerns over mis-sold forex hedges
...But the deals had gone badly wrong for the London-based tour operator, leaving it liable at one point to buy hundreds of millions of US dollars....
November 21, 2019
US opioid epidemic
OxyContin maker settles state’s opioid claims for $270m
...Purdue Pharma and its owners, the Sackler family, did not admit guilt in the civil settlement....
March 26, 2019
News in-depthFT Trading Room
Market cops step up fight against spoofing
...Prosecutors have now turned their sights on the vendors to defendants accused of spoofing....
November 7, 2018
US trade
Search for rationale behind US sanctions list
...Vladislav Reznik, another lawmaker, is currently standing trial in Spain alongside 17 other defendants accused of laundering more than €50m for two mafia groups....
April 9, 2018
Retail & Consumer industry
Week in Review, July 9
...The Chinese rail equipment makers have won contracts to supply Boston and Chicago with rail cars, and Hong Kong’s mass transit operator....
July 8, 2016
News in-depthThe Big Read
Fox News: Fall of the cable news guy
...There was no obligation to open an internal investigation into the Carlson allegations, he adds — mainly because 21st Century Fox was not a named defendant in her legal action....
July 22, 2016
Shipping
Costa Concordia captain sentenced to 16 years in jail
...Five other defendants sought plea bargains in the case. Costa Cruises, owner of the Concordia, paid a €1m fine, thereby avoiding trial....
February 11, 2015
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
US states of emergency
US ‘Bridgegate’ highlights need for reform
...The charges read like a catalogue of the behaviour once endemic among infrastructure owners in the northeastern US....
April 29, 2014
World
Moscow casino owner denounces prosecutors
...In December, two police detectives – the last of the defendants – were freed....
February 4, 2013
US & Canadian companies
Stagecoach queried over NY tour buses
...The Surface Transportation Board gave the owners two options: break up or dispose of a small intercity coach division....
December 12, 2012
LexUK companies
BP: the levy is high
...BP, the operator of the Deepwater Horizon rig, is the main defendant, alongside Transocean, the rig’s owner, and Halliburton, which worked on the Macondo well....
February 26, 2012
US & Canadian companies
Transocean books $1bn Macondo charge
...He also said the company may qualify under the Clean Water Act as an “operator” of an offshore facility but that there were “disputed facts” as to whether it did....
February 27, 2012
US & Canadian companies
BP poised to enter legal labyrinth
...and operator of the Deepwater Horizon rig....
January 22, 2012
Oil
Crucial year for BP in gulf spill legal fight
...However, BP remains locked in bitter legal disputes with two of its former subcontractors: Transocean, the owner and operator of the Deepwater Horizon rig; and Halliburton, the cement services provider....
January 3, 2012
FT Magazine
BP: The case of the century
...Facing them have been not only BP, but more than a dozen other companies that worked on the project to drill the ill-fated Macondo well and the subsequent clean-up, including Transocean, the owner and operator...
February 24, 2012
Retail & Consumer industry
Crackdown likely to change face of gaming
...Wynn Resorts on Saturday annulled its strategic relationship formed three weeks ago with PokerStars, while Fertitta Interactive, the owners of Station Casinos, also pulled its recently announced deal with...
April 17, 2011
Oil
BP shares fall after US sues for $21bn
...It said: “The responsibility for hydrocarbons discharged from a well lies solely with its owner and operator [in this case, BP].”...
December 16, 2010

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