(AFP/Getty Images)

Petrobras investors claim PwC ignored red flags of fraud

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Petrobras and its senior executives violated provisions of U.S. and Brazilian corporate law, according to a complaint in Manhattan federal court.
A sculpture of oil workers decorates a sidewalk in Caracas, Venezuela, Thursday, Oct. 23, 2014. (AP Photo/Ariana Cubillos)

A Houston oil company’s foiled Venezuelan sale is prompting reorganization talk

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The company’s stock was down slightly less than a cent in trading Monday — 0.008 or 1.67 percent — to $0.448.
The Deepwater Horizon oil rig burns on April 21, 2010 after an explosion in the Gulf of Mexico. (AP file photo/Gerald Herbert)

BP says paying a fraction of oil spill bill could put its U.S. unit in trouble

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Fines for the 2010 Deepwater Horizon disaster could reach as high as $13.7 billion against BP.
A sign tower reaches toward the sky at the entrance to Schlumberger's Sugar Land campus. (AP file photo/Pat Sullivan)

DOJ: Schlumberger violated Iran sanctions, will pay $232 million fine

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The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years.
Duke Energy employees work on power lines in Charlotte, N.C.  AP Photo/Chuck Burton, File)

Duke Energy to appeal $25.1M fine by NC regulators

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The state Department of Environment and Natural Resources previously called the penalty the state’s largest for environmental damages.
Former Massey Energy Co. CEO Don Blankenship (AP Photo/Haraz N. Ghanbari)

Ex-W.Va. coal boss pleads not guilty in mine safety case

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Blankenship entered his plea on Tuesday at an arraignment hearing in U.S. District Court in Beckley.
(AP Photo/Mike Groll)

Northeast gas pipeline progresses, to some landowner dismay

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Of 651 landowners in New York and Pennsylvania affected by the $700 million pipeline project, 125 refused to sign right of way agreements.
Charif Souki, CEO of Cheniere Energy speaks during an interview, Cheniere is among Houston's top workplaces, according to a Chronicle survey Wednesday, Sept. 18, 2013, in Houston.
(James Nielsen/Houston Chronicle)

Cheniere settles investor suits over nearly $2 billion in pay

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Cheniere CEO Charif Souki’s take home in 2011 climbed to $142 million, the highest amount for any U.S. public-company chief executive
(AP Photo/Brennan Linsley)

Industry swiftly challenges feds’ new fracturing rule

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The lawsuit brought by the Independent Petroleum Association of America and the Western Energy Alliance challenges the new mandates as “a reaction to unsubstantiated concerns.”
Jiang Jiemin, chairman of PetroChina, left, is mobbed by journalists after attending an IPO ceremony for PetroChina at the Shanghai Stock Exchange in Shanghai. (AP Photo)

China indicts former oil boss on corruption charges

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Jiang Jiemin was charged with abusing his position at China National Petroleum Corp. and taking bribes, which led to large losses of public money, the national prosecutor’s office said in a statement.