Jury Awards Texas Family $2.9M For Fracking Nuisance
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Extract from an article by Jess Davis published 23 April 2014 by LAW360 under the headline: “Jury Awards Texas Family $2.9M For Fracking Nuisance Claim”
Law360, Dallas (April 22, 2014, 5:25 PM ET) — A Texas jury on Tuesday awarded $2.925 million to a family who alleged they suffered health problems because of natural gas wells drilled in the Barnett Shale by Aruba Petroleum Inc. on neighboring property, finding Aruba intentionally created a private nuisance.
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Tagged: Fracking · Gas · Litigation
Brent Oil price benchmark ‘in urgent need of reform’
Extract from an article by Roland Gribben published by The Telegraph on 22 April 2014
Brent Oil, the pricing benchmark for two thirds of the world’s oil supply, is “crumbling” and is in urgent need of reform, a new study into the market argues. The study emerges as oil companies, traders and agencies responsible for reporting and monitoring prices examine the scope for changes to restore confidence and limit EU or US intervention and regulation they fear would be damaging and costly. A European Commission team raided the head offices of BP, Shell and Statoil as well as the London offices of Platts, the leading price reporting agency, last year in the search for evidence of price fixing and business behaviour similar to the rigging of the Libor benchmark by banks.
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