Dynegy says it may violate credit covenants this year
The Houston-based power producer said in a regulatory filing it may need to amend or replace its credit facility or secure additional capital to continue as “a going concern over the next twelve months” as its cash flow has been reduced by low power prices. More »
Commentary: Sorry, boys, no bonuses
Having overseen one of the worst environmental disasters in U.S. history, BP has decided its executives don’t deserve a bonus for last year, Loren Steffy writes. If BP had been an American company, he notes, the reward for failure probably would have been much greater. More »
FMC, Oceaneering CEOs pass the baton to successors
John Gremp and M. Kevin McEvoy will become the CEOs ate FMC and Oceaneering, respectively. More »
Enterprise to acquire sister company Duncan for $1.7B
The all-stock transaction will put the two pipeline and products firms’ assets under the same roof. More »
ConocoPhillips’ quarterly, annual profits surge, hit analyst targets
The Houston-based E&P and refining giant met Wall Street’s expectations with a 46 percent jump in quarterly earnings to $1.9 billion. Full-year profits were up 100 percent to $8.8 billion, excluding asset sales and other items. More »
Report: BP, Rosneft close to stock swap deal
Will BP become “Bolshoi Petroleum” under pending deal with Russian oil giant? (AP Photo/Alexander Zemlianichenko) More »
CFOs are bullish on the numbers in 2011
Fewer E&P companies feel hindered by a lack of capital in 2011, with more expecting to return to giving employee raises, according to a survey by BDO. (Photo: Jin Lee/Bloomberg) More »
Dreading the ‘yank’ that may follow an employee’s ‘rank’
A new performance evaluation system worries some workers at oil giant ConocoPhillips. (Photo: Fotolia) More »
Icahn steps up on Dynegy– or does he?
AP Billionaire Carl Icahn, the chief agitator in the Dynegy takeover saga, has finally come forward as a bidder. His private equity firm made an offer of $665 million, or $5.50 a share for the Houston-based power … More »
Icahn steps up on Dynegy– or does he?
AP Billionaire Carl Icahn, the chief agitator in the Dynegy takeover saga, has finally come forward as a bidder. His private equity firm made an offer of $665 million, or $5.50 a share for the Houston-based power … More »
KBR, Anadarko asked to protect workers from sexual orientation discrimination
Five energy firms didn’t respond to a request to add protections, but eight others have add them in the past year. (Image: Fotolia) More »
Catch & release: Nigeria questions 10 Halliburton workers about bribes
Office raid and arrest part of ongoing bribery investigation that Halliburton, KBR settled with U.S. officials last year. (Photo: Johnny Hanson/Houston Chronicle) More »
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