A worker walks through Lyondell Chemical's complex  in Channelview, Texas. (AP fiel photo/David J. Phillip)

LyondellBasell announces CFO’s departure

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Chemical maker LyondellBasell said Tuesday it will part ways with chief financial officer Karyn Ovelmen.
Former Chesapeake CEO Aubrey McClendon (Gary Fountain/Houston Chronicle)

Chesapeake Energy sues founder, former CEO McClendon

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The lawsuit alleges McClendon took “confidential information and trade secrets from Chesapeake.”
Ryan Lance, chairman and CEO of ConocoPhillips ( Marie D. De Jesús / Houston Chronicle )

Oil budgets slashed to protect shareholder dividends

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The spending cuts, which will result in production decreases and job cuts, come as oil giants try to protect quarterly dividends paid to their investors.
BG Group CEO Helge Lund (Andrey Rudakov/Bloomberg)

BG Group’s new CEO Lund starts three weeks early amid oil crash

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Norway’s Statoil ASA, which Lund led until October last year, agreed last week to release him from his contractual commitments, BG said in a statement today.
In this April 8, 2009, file photo, Aldemir Bendine, president of Banco do Brasil speaks during a news conference in Brasilia, Brazil. Aldemir Bendine was named as the new CEO of the Brazilian oil firm Petrobras, according to a statement on the Petrobras website on Friday, Feb. 6, 2015. (AP Photo/Eraldo Peres, File)

Brazil’s Petrobras names state banker as new CEO

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The selection of Aldemir Bendine, announced on Petrobras’ website, failed to impress some analysts, who described the banker as “underwhelming.” Shares of Petrobras dropped 6.9 percent in trading Friday.
(AFP/Getty Images)

Brazil’s Petrobras expected to name new CEO

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Brazil’s state oil company is in crisis amid an expanding corruption investigation into a long-running kickback scheme on its contracts.
(AFP/Getty Images)

Brazil makes third round of searches and arrests in Petrobras kickback scheme

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Those involved may be charged with fraud, corruption, money laundering and criminal associations, police said.
Maria das Gracas Silva Foster, CEO of Petrobras, speaks during the Global Energy Outlook: Shaping the Future! panel at the Offshore Technology Conference May 7, 2013 in Houston.

Petrobras CEO steps down amid Brazil’s biggest graft scandal

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The scandal has also engulfed Brazil’s largest construction companies, which may bring public works projects to a halt.
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

Strike negotiators back at the table Tuesday night

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Negotiators broke off their talks late Saturday night when negotiations came to an impasse.
Maria das Gracas Silva Foster, CEO of Petrobras, speaks during the Global Energy Outlook: Shaping the Future! panel at the Offshore Technology Conference May 7, 2013 in Houston.

Petrobras shares rally most since 1998 on CEO exit speculation

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Rousseff’s administration told Chief Executive Officer Maria das Gracas Foster that it’s seeking candidates for her job, Folha de S.Paulo newspaper reported today.