A Siemens coal gasifier.  (Photo: Siemens)

Lawsuit: Siemens $6.5B price for Dresser-Rand too low

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A shareholder of Dresser-Rand Group says in a lawsuit the Houston compressor and turbine maker is worth more than the $6.5 billion that Siemens AG is planning to pay for it.
Black Elk Energy's sign is seen on the front of its office in the 11400 block of Katy Freeway. (Cody Duty / Houston Chronicle)

Black Elk execs depart, start new firm

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The man who founded and led Black Elk Energy, a Houston firm battered by a fatal 2012 explosion at one of its Gulf of Mexico production platforms, left the company a few weeks ago to try his hand at pumping oil on dry land.
(Mayra Beltran / Houston Chronicle)

In Exxon suit, judge leaves opening for Indonesian villagers

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Last year, a Supreme Court decision over foreign human rights abuse victims seeking damages in American courts left a small window open for some hoping for restitution.
Ex-billionaire Eike Batista (Jonathan Alcorn/Bloomberg)

Brazilian oil tycoon Batista charged with market manipulation

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Eike Batista stepped down as chairman of MPX Energia, part of his conglomerate EBX group, in 2013 after its IPO was called off.
(AFP PHOTO / CARL COURTCARL COURT/AFP/Getty Images)

BP says judge’s fact findings should limit its spill liability

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BP is arguing in court that certain findings in a federal judge’s recent ruling actually work in its favor.
Charif Souki, CEO of Cheniere Energy, was 2013's top-paid public company CEO in Houston and the nation. (James Nielsen / Houston Chronicle )

Cheniere Energy shareholders say ‘nay’ on pay

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In a non-binding vote, Cheniere Energy shareholders have rejected the company’s 2013 compensation for its top brass, including $142 million in salary and stock grants for CEO Charif Souki.
(Image: Fotolia)

BP asks Texas Supreme Court for ruling that would cut spill costs

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The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry.
(AP file photo/Reed Saxon)

Occidental agrees to $190 million settlement with New Jersey

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Occidental Petroleum Corp.’s chemical subsidiary has agreed to pay New Jersey $190 million to resolve liability stemming from damages to the Passaic River, the state’s attorney general announced Monday.
Kenneth Feinberg (AP file photo/Josh Reynolds)

Original oil claims boss sides with BP in Supreme Court fight

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The man who was in charge of BP’s original oil spill fund has urged the U.S. Supreme Court to require claimants to prove their losses were tied to the 2010 disaster.
(Matthew Lloyd/Bloomberg)

Moody’s outlook on BP debt turns negative after ruling

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Moody’s Investors Service changed its outlook on billions of dollars of BP’s corporate debt from stable to negative a few days after a federal court’s ruling in the Deepwater Horizon case.