Category: Corporate governance

CERAWeek Commentary: American oil CEOs avoid climate change talk, while Euro counterparts take it head on

No fewer than three U.S. oil executives attending IHS Energy CERAWeek have said government regulations need to be based on science, not public sentiment. Yet not one of them talked about the scientific consensus acknowledging global climate change.  More »

CERAWeek Day Two: Rex Tillerson, Pemex, Total

Day Two of the annual conference will deal with issues in both the domestic and international oil and gas industries.  More »

Encana said to explore sale of Haynesville gas properties

Encana is unloading gas assets to better focus on drilling for oil and liquids such as condensate.  More »

Oil CEO wages immune to price slump as shareholders vote on pay

“The only people not hit by the drop in oil price are the CEOs running the companies,” said Gregory Elders, a London-based analyst at Bloomberg Intelligence.  More »

ConocoPhillips stresses shale through 2017

Flexible spending and disciplined growth will help ConocoPhillips meet its 2017 goals, executives said Wednesday.  More »

The CEO of BG just arrived in February, and could walk with $43 million

Lund, who joined BG on Feb. 9 after heading Norway’s Statoil ASA, is entitled to liquidated damages equal to a year’s gross salary and 30 percent of base pay, the Reading, England-based company’s annual report showed.  More »

Buying BG will ease Shell’s struggles with scandle-plagued Petrobras

With Petrobras engulfed in Brazil’s largest ever corruption scandal, BG and other partners are struggling to communicate with the state-controlled producer’s management to address delays to development plans.  More »

German engineering giant expanding U.S. operations in Houston

Siemens AG, a global engineering giant that employs about 2,000 workers in Houston, is establishing an oil and gas headquarters at its offices in Houston’s Energy Corridor.  More »

Energy executives create new company in Tulsa

The five businessmen, who have all spent time at oil and gas company Apache Corp., say the company will focus on producing oil and natural gas liquids.  More »

Petrobras investors claim PwC ignored red flags of fraud

Petrobras and its senior executives violated provisions of U.S. and Brazilian corporate law, according to a complaint in Manhattan federal court.  More »

Houston pipeline giant says its CEO is stepping down

Enterprise indicated that the decision to retire had come from its current CEO, but did not elaborate on the reasons for the shift.  More »

Occidental searching for Chazen’s replacement

Occidental Petroleum Corp. is searching for candidates to succeed Stephen I. Chazen as chief executive officer when he steps down in 2016.  More »

Ex-W.Va. coal boss pleads not guilty in mine safety case

Blankenship entered his plea on Tuesday at an arraignment hearing in U.S. District Court in Beckley.  More »

Anadarko paid executives $127,252 for club memberships in 2014

Anadarko Petroleum Corp., an oil and gas exploration and production company, paid its five named executives $127,252 in fees for club memberships in 2014, a benefit provided by only two of the 12 peers it uses to benchmark compensation.  More »

Petrobras said to pick Citi and Bradesco for asset sales

Petrobras, engulfed in Brazil’s biggest ever corruption scandal, is looking to raise money for expenditures and debt payments this year.  More »
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