Plains Exploration shareholders approve Freeport-McMoRan buyout
Freeport-McMoRan Copper & Gold’s buyout of Houston-based Plains Exploration and Production got the green light Monday after it offered $1.4 billion in last-minute incentives to sweeten a bid that faced mounting pressure from investors who initially panned the cash-and-stock deal as inadequate. More »
EnCap Flatrock to invest $200M in midstream projects
San Antonio-based EnCap Flatrock Midstream, a series of private equity funds, plans to invest $200 million in a Dallas-based company that will develop midstream projects in North America. More »
HollyFrontier declares special dividend
Oil refiner HollyFrontier’s board has approved a special dividend of 50 cents per share. More »
A look at EU investigation of oil price fixing
The European Union’s executive arm, the Commission, on Tuesday said it had raided the offices of a number of oil industry companies for possible price-fixing. More »
Pickens buys Apache, Goodrich shares in first quarter
Pickens’ BP Capital Management bought almost 125,000 shares of Apache valued at $9.6 million. More »
BHP targets 18% capital spending cut in 2014
BHP Billiton Ltd., the world’s largest mining company, is targeting an 18 percent cut to capital spending in fiscal 2014 as part of an industry-wide drive to boost returns from investment. More »
Fortune 500: Biggest losers and gainers
Energy companies are regulars at the top of the Fortune 500 list. But several of the biggest names in the business took a hit this year. More »
CEO: ConocoPhillips on track for 25% growth by 2017
A year removed from a split that made ConocoPhillips the world’s largest independent oil company, its CEO said it was on track for a more than 25 percent production jump by 2017. More »
BNY Mellon appeals ruling on Chesapeake’s early bond call
Bank of New York Mellon Corp., the world’s biggest custody bank, is appealing a ruling allowing Chesapeake Energy Corp. (CHK) to proceed today with redeeming $1.3 billion in bonds six years early at 100 cents on the dollar. More »
EOG rises after earnings beat analysts’ estimates
First-quarter net income rose 53 percent to $494.7 million. More »
Statoil says higher petroleum tax risks harming investments
Statoil ASA (STL) said the government’s unexpected move to raise taxes on oil companies risks harming investments and casts doubt over the long-term predictability of the framework for offshore production. More »
Tesco 1Q profit falls, revenue beats Street’s view
Tesco Corp. said Monday that its first-quarter net income fell 39 percent, hurt by reduced rig activity in North America. More »
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