Former Occidental Petroleum Chairman and CEO Ray Irani.

Occidental agrees to pay former CEO $14M to settle termination

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Occidental Petroleum Corp., the largest oil producer in the contiguous U.S., agreed to pay former Chairman Ray Irani $14 million as part of a settlement for his separation from the company.
( Kevin Fujii / Chronicle )

Company won’t be fined for pipeline without permit

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A company that operated a natural gas pipeline for more than two years without a permit will not be fined by the state Public Service Commission.
Gov. Tom Corbett. (AP Photo/Centre Daily Times, Nabil K. Mark)

Pennsylvania court sides with towns in gas drilling fight

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The state Supreme Court ruled the industry-friendly rules violated the state constitution.
(StockMonkeys.com)

Chesapeake Energy agrees to settle W.Va. case

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A Chesapeake Energy subsidiary has agreed to nearly $10 million in fines and restoration work to settle federal allegations over unauthorized discharges of fill material at more than two dozen natural gas extraction sites in West Virginia.
Mikhail Khodorkovsky (right), Russia's richest man and former CEO of OAO Yukos Oil, is guarded in the defendant's cage at the Meschansky Court in Moscowon July 12, 2004. (Dmitry Beliakov/Bloomberg)

Putin to pardon Khodorkovsky after decade in jail

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Mikhail Khodorkovsky, the jailed former owner of Yukos Oil Co., will receive a pardon, ending a case that symbolized the lack of rule of law in Russia since President Vladimir Putin came to power more than a decade ago.
Wrecked oil tankers and debris from a runaway train are piled up following a deadly explosion in Lac-Megantic, Quebec, Canada in July 2013. (AP Photo/Surete du Quebec, The Canadian Press)

Railroad involved in fatal Quebec explosion to be auctioned

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As the first trains rolled into a Quebec town devastated by a derailment and fire that killed 47 people, a federal bankruptcy judge approved bidding procedures Wednesday for the auction of the Maine-based railroad that owned the train.
Former BP engineer Kurt Mix leaves the federal courthouse after a hearing in Houston in 2012. (AP Photo/Pat Sullivan, File)

GUILTY: Ex-BP engineer convicted of destroying evidence after Gulf oil spill

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A former BP drilling engineer was convicted Wednesday of one charge that he deleted text messages from his cellphone to obstruct a federal investigation of the company’s massive 2010 oil spill in the Gulf of Mexico. He was acquitted of a second charge.
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Jury at a standstill in ex-BP engineer’s trial

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A federal jury has told a judge that they are having difficulty reaching a verdict in the trial of a former BP engineer charged with trying to obstruct a probe of the company’s 2010 oil spill in the Gulf of Mexico.
Carter L. Williams is counsel in the Houston office of Sutherland Asbill & Brennan LLP.

Guest commentary: BP engineer’s trial shows worst outcome of failure to preserve evidence

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The first criminal trial stemming from the 2010 Gulf of Mexico oil spill is about to conclude in the government’s obstruction case against former BP engineer Kurt Mix. With the jury set to decide Mix’ fate, his case is providing important lessons for all corporations.
BP CEO Bob Dudley speaks at an energy conference in Houston. (Johnny Hanson/Houston Chronicle)

BP asks court to suspend seafood payments for fraud probe

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BP Plc asked a U.S. judge to stop payments in the $2.3 billion seafood-industry portion of its settlement over the 2010 Gulf of Mexico oil spill, pending an investigation of a fraud claim against a plaintiffs’ attorney.