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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.
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.
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.
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’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.
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.
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.
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.
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 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.