Chesapeake’s employees may be hit hardest by stock’s plunge
Chesapeake Energy’s employees are paying a high price for the company’s problems. Thousands of the company’s workers have retirement portfolios that are heavily invested in the company’s stock, which has fallen 40 percent in the past two months, Reuters reported. More »
Carl Icahn: Chesapeake’s white knight?
Embattled Chesapeake Energy told analysts on a conference call this morning that it expects activist investor Carl Icahn to disclose a big stake in the Oklahoma City-based natural gas producer. More »
Is fracking flopping on foreign finances?
Hydraulic fracturing, the drilling process that releases oil and natural gas from deep inside shale formations, has sparked a boom in the U.S. and a glut of natural gas that has driven prices to their lowest in a decade. More »
OTC’s size speaks to the world’s enduring demand for oil
Last year I took the Metro light rail to the Offshore Technology Conference. I relished the irony.
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OTC: Texas Congressman serves political tripe for breakfast
Rep. Bill Flores’ breakfast discussion at the Offshore Technology Conference was supposed to be about U.S. energy policy: “realities, fantasy and rhetoric.” But the only item on the menu seemed to be rhetoric. More »
OTC: Small companies are the industry’s lifeblood
I spent the day surfing the economic ripple effect across 641,000 square feet. I didn’t actually cover every inch of the exhibits at the Offshore Technology Center, but I found myself wandering around the main exhibit hall to the satellite displays at the Reliant Arena. More »
If OTC was a city, it’d be among the state’s largest
It’s a bit of a cliche to say that the Offshore Technology Conference is like a small city. More »
Steffy: Displays of innovation at OTC will show anti-spill strategy
Safety and prevention will be the dominant themes this week, winding their way from the hardware displays to the breakfast meetings and the after-hours parties. More »
The Atlantis documents that BP didn’t want anyone to see
Last week, I wrote about the documents that have finally been made public in a court case over BP’s Atlantis platform in the Gulf of Mexico: More »
Steffy: Outlook for airfares: up, up and away
Airfares are expected to keep climbing and planes will remain crowded as carriers cut routes to combat higher fuel prices, the Federal Aviation Administration predicts. More »
BP, plaintiffs reach spill $7.8 billion settlement
A federal judge says BP and a committee representing plaintiffs suing over the 2010 Gulf oil spill reached an $8 billion agreement Friday night. More »
Steffy: Uncharted legal territory for BP ahead
A possible deal between BP and business owners and individuals harmed by the Deepwater Horizon disaster would call for BP to close the fund it’s been using to pay claims for the past two years and apply the balance to settle a mammoth legal case awaiting trial in New Orleans. More »
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