Category: Corporate governance

GE Oil & Gas moves HQ from Italy to England

A GE division with two business operations in Houston is moving its headquarters from Italy to the UK.  More »

Energy execs sweep list of Houston’s top 10 highest paid

See which energy executives enjoy the heftiest compensation packages in the Houston area.  More »

Shell’s CEO move points to ongoing downstream plans

Royal Dutch Shell PLC says it is appointing its downstream director Ben van Beurden to replace Peter Voser as CEO when Voser retires next year.  More »

Buccaneer Energy shareholders shake up board

Houston entrepreneur Curtis Burton will retain a seat on the board of the independent oil and gas exploration company he founded in 2006, but shareholders also elected three outside directors proposed by dissident investors who had gained more than 8 percent of the company’s shares.  More »

Noble Corp.’s proposed London move may cut its tax bill in half

Noble Corp., the offshore oil rig contractor that moved its headquarters to Switzerland in 2009, may cut its tax bill in half if shareholders approve the board’s plan to move to London.  More »

Proposed directors for Buccaneer Energy speak out

Three proposed new directors for Buccaneer Energy told shareholders Thursday they are independent of investor groups pushing for a new board, and reminded shareholders they can still vote or change votes before a Tuesday deadline.  More »

Climate change becoming top shareholder concern

Climate change concerns are becoming the biggest priority for shareholders, according to a study released by Ernst & Young on Tuesday morning.  More »

Small oil company’s shareholder fight has international reach

Two investor groups claim that Buccaneer has lost its way, beset by delays and cost overruns as it pursued an ambitious drilling program in Alaska’s Cook Inlet and on the Kenai Peninsula. Buccaneer Energy founder Curtis Burton is fighting to stay on the board.  More »

SandRidge founder fired as CFO named new leader

Ward, 53, founded the Oklahoma City-based company in 2006 after leaving Chesapeake Energy Corp.  More »

Sandell to seek board changes if Spectra doesn’t follow plan

Sandell Asset Management Corp. said it will seek changes to the board of pipeline owner Spectra Energy Corp. at the 2014 annual meeting if the company fails to “promptly” follow its plan for increasing shareholder value.  More »

Occidental split foreshadows $100 billion breakup wave

Occidental Petroleum Corp. (OXY)’s proposal to split its U.S. and foreign businesses is pressuring more oil companies to follow suit, as the allure of breakups to create more than $100 billion of market value entices investors.  More »

Nabors board rejects 2 director resignations after vote

Shareholders also rejected a proposal to separate Tony Petrello’s dual role of chairman and chief executive officer.  More »

Private Sector Moving on Climate Change

  Yesterday, the Cooperative Institute for Climate and Satellites (CICS), in partnership with NOAA’s National Climate Data Center, took a major step in trying to transmit data on a changing climate to a high level business audience. (Pictured above, representatives from CICS, Duke Energy (including Heath Shuler), and the Center for Law Environment, Adaptation and […]  More »

Shareholders slam Exxon on climate, discrimination concerns

On the heels of a major pipeline spill, a deadly refinery fire, and a high-profile discrimination lawsuit, Exxon Mobil held its annual shareholders meeting at 9 a.m. Wednesday in Dallas. FuelFix energy reporter Zain Shauk covered the event live as shareholders challenged the energy giant on climate change and other contentious issues.  More »

Why Chesapeake picked Anadarko executive as new CEO

Chesapeake Energy Corp. (CHK) is hiring an Anadarko Petroleum Corp. (APC) engineer who oversaw oil projects around the world to slash costs and transform a corporate culture forged by Chesapeake’s wildcatting co-founder.  More »