Posted on May 23, 2013 at 10:03 am by Harry R. Weber in
Canada,
Crude oil |
Marathon Oil Corp. is maintaining its goal of shedding up to $3 billion in assets by the end of this year even though it is taking the potential sale of some of its stake in a Canadian oil sands project off the table.
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Posted on May 22, 2013 at 9:56 am by Harry R. Weber in
Exploration,
Natural gas |
Independent exploration and production firm Noble Energy said Wednesday it made a new deepwater natural gas discovery off Israel.
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Posted on May 21, 2013 at 12:11 pm by Harry R. Weber in
Gulf oil spill,
Legal issues |
Individuals, businesses and states suing over the 2010 Gulf of Mexico oil spill are trying to prevent cement contractor Halliburton and rig owner Transocean from pulling the rug out from under their case before a federal judge rules on whether the companies were grossly negligent.
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A federal judge Monday threw out an obstruction of Congress charge against a former BP executive who had been accused of lying about the amount of oil that was flowing after the 2010 Gulf of Mexico oil spill.
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Posted on May 20, 2013 at 2:18 pm by Harry R. Weber in
Deals,
Finance/Earnings |
Freeport-McMoRan Copper & Gold’s buyout of Houston-based Plains Exploration and Production got the green light Monday after it offered $1.4 billion in last-minute incentives to sweeten a bid that faced mounting pressure from investors who initially panned the cash-and-stock deal as inadequate.
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Texas on Friday joined other Gulf states suing BP for environmental damage caused by the 2010 Gulf of Mexico oil spill.
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A federal judge Friday ordered a delay of nearly six months in the trial of a former BP engineer charged with obstruction of justice in connection stemming from his actions after the 2010 Gulf of Mexico oil spill.
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Transocean shareholders Friday rejected billionaire investor Carl Icahn’s proposal for a $4-a-share dividend, a spokesman says.
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Former BP Chief Executive Tony Hayward, who raised the ire of Americans for declaring at the heart of the 2010 Gulf of Mexico oil spill, “I’d like my life back,” has been appointed interim board chairman of a Swiss company that supplies metals, minerals and agricultural products.
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Posted on May 16, 2013 at 6:59 am by Harry R. Weber in
Corporate governance |
Annual meetings are usually bland affairs for public companies – some shareholders show up, the rest vote on a few proposals by proxy if at all, and executives get on their jets or in their sedans and take off, sometimes before the coffee gets cold.
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Lawyers for a former BP executive charged with lying to Congress about how much oil was flowing following the 2010 Gulf of Mexico spill say the government is trying to manufacture a conflict of interest to disqualify one the defendant’s attorneys on the eve of trial.
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Posted on May 14, 2013 at 11:49 am by Harry R. Weber in
Crude oil,
Europe,
featured,
Legal issues |
Several major oil firms, including BP, Statoil and Royal Dutch Shell, have been caught up in a price-fixing probe in Europe.
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