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Loren Steffy

Offshore safety still isn’t making the grade

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  Friday’s column, available on houstonchronicle.com: Offshore drilling safety still isn’t making the grade. Saturday marks the third anniversary of the worst offshore oil disaster in U.S. history, and many of the improvements that have been made continue to focus on response to disaster than on prevention. For far too long, offshore safety has been […]
Categories: Uncategorized
Archie Dunham was named the chairman of Chesapeake Energy. (Photo: handout)

Unable to find a CEO, Chesapeake resorts to stop-gap leadership move

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When a company issues a release at 4:55 p.m. on Good Friday, it’s not good news.
Categories: General

Chesapeake resorts to stop-gap leadership move

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Programming note: I’m taking a little time off, so the blog is likely to be rather quiet for the next week and a half. Wednesday’s column, available on houstonchronicle.com: When a company issues a release at 4:55 p.m. on Good Friday, it’s not good news. That’s the timing Chesapeake Energy chose to tell investors it […]

Safety shortcomings sting Chevron CEO in wallet

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For the first time since 2010’s Deepwater Horizon disaster, we see the board of a major oil company holding executives accountable for safety.

Ethanol law has become a mandate to nowhere

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The problem with the ethanol mandate: It was a policy for a different era.
Sugarcane is harvested in Brazil for BP's Tropical ethanol plant, part of BP's biofuels expansion in the South American country. (Marc Morrison/BP)

Steffy: Ethanol law has become a mandate to nowhere

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We’re squabbling about legislation that clearly hasn’t worked.
Categories: General

Accountants be warned: felonies are forever

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For anyone who thinks that following orders or being a team player offers any legal protection, Sharkey’s story is a wakeup call. The line between loyalty and criminality can be thinner than many employees realize.
Helen Christine Sharkey, left, a former member of Dynegy's risk control and deal structure groups, is escorted into the Federal Courthouse, Thursday, June 12, 2003, in Houston. Sharkey is one of three former Dynegy Inc. executives charged in a federal indictment unsealed Thursday with creating an Enronesque deal in 2001 used to wrongly boost cash flow and cut taxes to counteract Wall Street worries about the company's financial health. (AP Photo/David J. Phillip)

Steffy: Accountants warned that felonies are forever

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As Helen Sharkey stepped to the lectern, it became clear what she was about to say would be no ordinary accounting lecture.
Categories: Legal issues

Deregulation is working against clean coal in Texas

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Summit’s project is promising, but it remains a subsidized laboratory, not a viable solution to our generating problems.

Nabors raises the bar — again — on rewarding failure

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If there’s really a commitment to aligning executive interests with those of shareholders, everyone, including Petrello, should have been in agreement.