OGJ Newsletter

08/12/2013
GENERAL INTEREST — Quick Takes FERC proposes fine for BP over 2008 gas trading The US Federal Energy Regulatory Commission ordered four BP North American subsidiaries to show cause why they should not pay a $28 million fine for allegedly trying to manipulate the Houston Ship Channel-Katy Hub natural gas price spread in 2008. BP immediately disputed the Aug. 5 order, and said it would fight the allegations. The order also would require BP to disgorge $800,000 plus interest, or a modification of those amounts if warranted. FERC gave the company 30 days to formally respond. An attached Enforcement Office staff report alleged that three traders on the "Texas team" of BP'...
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