Nabors CEO Tony Petrello (Photo by Nabors Industries)

Nabors CEO takes a pay cut

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Oil-service companies and rig contractors are preparing for an estimated 25 percent drop in spending next year from explorers and producers after crude prices dropped to a five- year low.

LyondellBasell names new CEO

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Chemical company LyondellBasell Industries tapped Bhavesh V. “Bob” Patel, an executive vice president with the company, to serve as its new executive officer, the company announced Thursday morning.
(Melissa Phillip/Houston Chronicle )

Here’s the CEOs behind Houston’s biggest oil companies

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The 20 largest Houston-based oil and gas companies were valued at $868 billion in 2014.
Dave Hager will replace John Richels as Devon Energy CEO in 2015. (Devon Energy)

Devon Energy CEO to retire next year

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Devon Energy Corp. CEO John Richels, 63, will retire next year and likely be replaced by chief operating officer David Hager, the company announced.
Al Monaco, president and CEO of Enbridge (Melissa Phillip/Houston Chronicle)

Enbridge surges after asset shift, dividend boost

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Enbridge said yesterday it plans to move C$17 billion worth of Canadian liquids pipelines to the Enbridge Income Fund to help pay for capital investment.
Michael O'Mara

Halliburton-Baker Hughes deal would rank among top 20 energy deals of last 20 years

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Data shows that the 20 biggest oil and gas deals of the last century have all been announced since 1998.
(AP Photo/Richard Drew)

10 things to know about the Halliburton-Baker Hughes deal

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Regulators, shareholders and employees’ whose jobs could be in limbo have all already expressed concern about the implications of the complex deal.
Maria das Graças Silva Foster, CEO of Petrobras

Petrobras to create department to fight corruption

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Around two dozen people including a top company executive, were arrested late last week.
Harold Hamm and ex-wife Sue Ann Arnall at the the TIME 100 Gala on April 24, 2012 in New York City.  (Photo by Kevin Mazur/WireImage for TIME)

Continental CEO’s ex-wife to appeal $1 billion divorce settlement

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Sue Ann Hamm’s settlement was the largest in U.S. history, but could get even bigger.
In this May 7, 1953, file photo, Navajo miners work at the Kerr McGee uranium mine at Cove, Ariz. Kerr-McGee left abandoned uranium mine sites, including contaminated waste rock piles, in the Lukachukai mountains of Arizona and in the Ambrosia Lake area of New Mexico. (AP Photo)

Judge approves $5.15 billion Anadarko environmental settlement

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The settlement is the largest environmental enforcement payment in U.S. history.