(Chris Ratcliffe/Bloomberg)

BP conducts internal review of its foreign currency trading unit

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BP’s statement comes after Bloomberg reported late Monday that currency traders for the oil company allegedly got tips about upcoming trades and other confidential information from other market sources.
Ryan Sitton (Smiley N. Pool / Houston Chronicle)

New Texas oil regulator steps down from oil firm

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The regulator, Ryan Sitton, will be sworn in next week to join the three-member board of the Texas Railroad Commission. Though he did not specify a date, he said he will resign as chief executive of the company, Pinnacle Asset Integrity Services, placing his ownership stake in a blind trust.
In this photo taken on Friday, Sept. 12, 2014, contracted employees with a two-man Dominion route survey team work their way across a field near Guthrie Road in Suarts Draft, Va. They help survey the route for the Dominion's proposed natural gas pipeline. (AP Photo/The Staunton News Leader, Mike Tripp)

Dominion sues landowners in Va. to survey land for pipeline

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Dominion filed lawsuits earlier this week in circuit courts against 20 property owners in Nelson County and 27 in Augusta County. That number is expected to double, the company said.
Charif Souki, former CEO of Cheniere Energy speaks during an interview. (James Nielsen/Houston Chronicle)

Cheniere CEO Charif Souki to take $1 salary

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Souki’s $142 million in compensation for his role in 2013 – mostly on paper, in stock grants – drew raised eyebrows from investors this year.
BP Deepwater Horizon drilling rig

BP unit says big spill fines could cut deep

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BP’s U.S. oil unit says high penalties for the Deepwater Horizon disaster would drain its available funds next year and dramatically weaken its finances amid plunging crude prices.
(Photo by Alex van Herwijnen, Flickr)

Alstom to pay $772 million to settle bribery charges

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U.S. authorities allege Alstom had a “widespread scheme involving tens of millions of dollars in bribes” paid to officials worldwide in countries including Indonesia, Saudi Arabia, Egypt, the Bahamas and Taiwan.
An Enterprise fractionator at its Mont Belvieu complex. (Enterprise Products Partners photo)

Enterprise Products gets new general counsel

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The Houston-based midstream company’s general counsel and corporate secretary, Stephanie Hildebrandt, is leaving to join Norton Rose Fulbright, while Craig Murray, a Vinson & Elkins corporate partner in Houston, has been hired to replace her.
(AP Photo/Tony Gutierrez, File)

Texas lawmaker seeks to protect urban drilling

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State Rep. Phil King filed a pair of bills this week, cities seeking to ban fracking would need to gain approval from the state attorney general, pay the state to study the financial impact and reimburse the state for any lost tax revenue.
(Photo by Flickr user Lee)

Citgo says Conoco probe may ‘freak out’ potential buyers

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ConocoPhillips claims Venezuela’s state-owned oil company is trying to avoid paying compensation for assets that former President Hugo Chavez nationalized in 2007.
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Halliburton begins antitrust review, sees $75 million restructuring charge

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Halliburton chief financial officer Mark McCollum said the regulatory review process to clear the deal to acquire Baker Hughes with U.S. and European Union authorities has begun in earnest.