Category: Corporate governance

Nabors CEO takes a pay cut

Oil-service companies and rig contractors are preparing for an estimated 25 percent drop in spending next year from explorers and producers after crude prices dropped to a five- year low.  More »

LyondellBasell names new CEO

Chemical company LyondellBasell Industries tapped Bhavesh V. “Bob” Patel, an executive vice president with the company, to serve as its new executive officer, the company announced Thursday morning.  More »

Here’s the CEOs behind Houston’s biggest oil companies

The 20 largest Houston-based oil and gas companies were valued at $868 billion in 2014.  More »

Devon Energy CEO to retire next year

Devon Energy Corp. CEO John Richels, 63, will retire next year and likely be replaced by chief operating officer David Hager, the company announced.  More »

Enbridge surges after asset shift, dividend boost

Enbridge said yesterday it plans to move C$17 billion worth of Canadian liquids pipelines to the Enbridge Income Fund to help pay for capital investment.  More »

Halliburton-Baker Hughes deal would rank among top 20 energy deals of last 20 years

Data shows that the 20 biggest oil and gas deals of the last century have all been announced since 1998.  More »

10 things to know about the Halliburton-Baker Hughes deal

Regulators, shareholders and employees’ whose jobs could be in limbo have all already expressed concern about the implications of the complex deal.  More »

Petrobras to create department to fight corruption

Around two dozen people including a top company executive, were arrested late last week.  More »

Continental CEO’s ex-wife to appeal $1 billion divorce settlement

Sue Ann Hamm’s settlement was the largest in U.S. history, but could get even bigger.  More »

Judge approves $5.15 billion Anadarko environmental settlement

The settlement is the largest environmental enforcement payment in U.S. history.  More »

Former Petrohawk president takes shale expertise to Australia

Australia has the world’s seventh-largest shale gas resources.  More »

LinkedIn: Energy companies among most in demand for job seekers

The social network released its list ranking companies’ with the most engagement from potential employees.  More »

Exxon sees profit rise on refining strength

Exxon CEO Rex Tillerson said that the earnings growth was “driven by higher margins and improved operations in the downstream and chemical businesses.”  More »

Cheniere’s tentative settlement could restrict stock grants through 2017

Cheniere Energy has reached a pre-settlement pact with investors that will put restraints on pay after CEO Charif Souki’s $142 million annual takehome had outpaced every other U.S. CEO’s last year.  More »

Statoil suffers first loss on oil-sands project, crude drop

Statoil ASA, Norway’s biggest energy company, reported its first quarterly loss since listing in 2001 after writing down the value of an oil-sands project in Canada and struggling with plunging crude prices.  More »
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