Category: Corporate governance

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 »

Occidental quarterly profit up as breakup plan advances

Occidental plans to separate its California business to form a new company called California Resources Corp. by early next year. The rest of the company will be based in Houston, keeping the Occidental name.  More »

Rowan Companies promotes president to CEO

Thomas P. Burke is the new CEO of Rowan Companies, an offshore driller.  More »

Houston oil company announces next CEO

Noble Energy President David Stover will succeed CEO Charles Davidson.  More »

Energy Future Holdings misses filing deadline

The decision not to submit the report could be another step toward bankruptcy.  More »

Nabors yields to investors on severeance pay limit, chief roles

U.S. land driller Nabors Industries will split the role of chairman and CEO after its current chief Anthony Petrello relinquishes his post, one in a series of moves announced Monday to yield to shareholder demands.  More »

Genesis Energy president to resign, keep advisory role

Steve Nathanson will resign April 30 as president and COO of Genesis Energy, a Houston midstream partnership, but will retain an advisory role for three years.  More »

Weatherford moving to Ireland as Swiss executive pay rules change

The board of Geneva-based oil field service firm Weatherford International has voted to shift its corporate headquarters to Ireland later this year, six months after the Swiss government handed investors authority to rein in top-drawer executive pay.  More »

Exxon Mobil to cut spending this year

The company says it will reduce capital spending by 6 percent.  More »

Williams Cos. to give board seat to Icahn protege

Williams underperformed its peers last year.  More »

Occidental Petroleum to split, move to Houston

Occidental Petroleum Corp. today announced its plans to move the company to Houston and spin-off another business that will be based in California.  More »

Cheniere replaces finance chief after six months

Cheniere Energy replaced its chief financial officer six months after promoting him to the position, announcing the change in a regulatory filing published late Thursday.  More »

Kay Bailey Hutchison joins board of Cobalt International Energy

ormer U.S. Sen. Kay Bailey Hutchison has been named to the board of directors of Houston-based Cobalt International Energy, the company said Monday.  More »

KBR’s CEO to retire

KBR CEO William Utt will retire next year, the company announced Monday.  More »

Judge holds Anadarko’s Kerr-McGee liable

The company may have to pay as much as $14 billion related to environmental cleanup and health claims.  More »