Category: Corporate governance

Oxy names leadership team for California spinoff

Occidental Petroleum Corp. today named two of its executives who will run California Resources Corp., a spinoff company that will focus on oil and gas exploration and production in California.  More »

Supreme Court curbs shareholder class-action suits with Halliburton case

A Supreme Court ruling Monday will make it easier for Halliburton to fight a lawsuit brought by investors who allege the company misled them.  More »

Cheniere may not have an easy road on compensation lawsuit

Cheniere Energy may face a tough fight al battle over $1.6 billion in compensation investors claim in a lawsuit should be returned.  More »

Weatherford shareholders approve move to Ireland

Weatherford International will move its headquarters from Switzerland to Ireland, the company announced, following approval of its shareholders at a Monday vote.  More »

Baker Hughes appoints two new directors

Baker Hughes said Tuesday its board appointed two new directors, one who led a natural gas midstream company and another whose career has included C-suite appointments in the fast-food, airline and retail industries.  More »

Nabors defends two board members targeted by proxy advisers

Nabors Industries defended the records of two directors, saying shareholders should ignore recommendations from two proxy advisers that they be voted off the board at the next election.  More »

Houston energy chief tops list as median CEO pay crosses $10 million

Propelled by a soaring stock market, the median pay package for a CEO rose above eight figures for the first time last year.  More »

Calpine announces leadership moves as new CEO takes over

Houston-based Calpine Inc. announced a series of personnel moves following Steve Pruett’s promotion to company CEO.  More »

Chesapeake to garner $4 billion from sales, spin off

Chesapeake Energy is planning to collect $4 billion this year after it hawks assets in Texas, Pennsylvania and Oklahoma and spins off its U.S. fleet of walking rigs, the company said Friday.  More »

Activist investors push objectives at ConocoPhillips meeting

Despite the activist investors’ visible presence at ConocoPhillips’ annual meeting, two shareholder proposals – one for the company to report its lobbying expenditures in greater detail, another for it to set greenhouse gas reduction targets – were shot down.  More »

Apache names Annell Bay to its board

Bay, 58, recently retired after six years as vice president of Global Exploration at Marathon Oil Co.  More »

Mexican energy reform means big changes for Pemex procurement

Officials with the state-owned Mexican oil and gas company Petroleos Mexicanos, or Pemex, have touted how energy reforms will change the way international companies will do business in Mexico. But they’ll also mean big changes to the way Pemex does business too.  More »
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