Suits: Feds blocked oil royalties
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Four government auditors who monitor leases for oil and gas on federal property charge the Interior Department suppressed their efforts to recover millions of dollars from companies they said cheated the government, according to a published report.
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WASHINGTON -- A $120 million fine levied on Royal Dutch/Shell Group by the Securities and Exchange Commission resolves the company's part in the SEC inquiry into the overstatement of oil and gas reserves, but the role of individuals is still under investigation, regulators said yesterday..
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A federal judge has temporarily blocked Prince Bandar bin Sultan, the former Saudi ambassador to the United States, from removing real estate sales proceeds from the United States pending resolution of a class-action lawsuit.
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WASHINGTON, Oct. 30 (Bloomberg News) â Companies that lease tracts in the Gulf of Mexico in an oil and natural gas sale planned for March will pay higher federal royalties, the Minerals Management Service said Tuesday.
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A federal judge has blocked the Bush administration from allowing development on 50 million acres of backcountry.
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The lawsuit that could allow energy companies to avoid as much as $60 billion in royalties to the government over the next two decades.
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House Democratic lawmakers on  Wednesday ramped up the pressure on the Justice Department to  fight a federal court ruling that could allow energy companies  to avoid paying the government billions of dollars in oil and  natural gas royalties.
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A senior Justice Department official who recently resigned her post bought a nearly $1 million vacation home with a lobbyist for ConocoPhillips months before approving consent decrees that would give the oil company more time to pay millions of dollars in fines and meet pollution-cleanup rules at...
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The federal government sued Monday to gain access to land owned by a Texas city whose mayor has been highly critical of a planned U.S.-Mexico border fence.
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Russia's largest oil producer, ensnared in a debilitating battle over a huge back taxes bill, said Thursday it is unable to pay wages and that production is in imminent danger of stopping.
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Struggling to prevent the loss of billions in oil and gas royalties, the Interior Department is close to a deal with 2 of the 56 companies that hold lucrative drilling leases in the Gulf of Mexico.
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ANCHORAGE, Alaska  - Groups in Alaska have sued the U.S. Interior Department to block an offshore oil and gas lease sale that residents say threatens Arctic marine wildlife and the traditional Inupiat Eskimo way of life.
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A Russian court yesterday rejected the Yukos oil company's appeal to suspend government efforts to collect $3.4 billion in back taxes -- a massive bill that has put Russia's largest oil producer on the verge of ruin.
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Conservationists sued a federal agency Monday for allegedly failing to protect North Pacific right whales, which were hunted nearly to extinction more than a century ago and remain among the world's most endangered animals.
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A federal court froze the assets of Lake Shore Asset Management, after regulators said it overstated its holdings.
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ANCHORAGE, Alaska  - Plaintiffs in the long-running case surrounding the 1989 Exxon Valdez oil disaster this week asked the U.S. Supreme Court to restore a $5 billion punitive fine against Exxon Mobil Corp, a petition filed with highest U.S. court shows.
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A federal bankruptcy judge in New York yesterday denied Enron Corp.&#39;s request to block a lawsuit by a federal agency seeking to take control of the company&#39;s pension plans.