Laborers' International Union of North America (LiUNA) members cheer in support of a speaker during a State Department public hearing on the Keystone XL pipeline in Washington, D.C., U.S., on Friday, Oct. 7, 2011. (Andrew Harrer/Bloomberg)

Activist investors win victory against Willbros Group board

The Laborers’ International Union of North America, or LIUNA, that led the push said that about 60 percent of voting shares approved the non-binding proposal to eliminate Willbros’ current system of staggered three-year terms for its board of directors. Investor groups contended that more accountability was needed to move past allegations of mismanagement and entrenched cronyism.
This July 8, 2013 file photo provided by Surete du Quebec, shows debris from a runaway train in Lac-Megantic, Quebec, Canada. (AP Photo/Surete du Quebec, The Canadian Press,File)

Oil train disaster settlement fund reaches $345 million

Much of downtown Lac Megantic was destroyed after the unattended Montreal, Maine & Atlantic train with 72 oil tankers derailed July 6, 2013, in Canada.
Logo of Willbros Group Inc., a Houston-based energy engineering and contracting company.

Willbros Group faces off against activist investors

The Houston-based energy engineering and construction company opposes the proposal to eliminate its current system of staggered three-year terms for its board of directors. But some investor groups contend wholesale changes are needed in an environment of mismanagement and entrenched cronyism.
(Spencer Platt/Getty Images)

U.S. shale production set to fall again in July, EIA says

Daily oil production at the nation’s six biggest shale plays is set to slip by 91,000 barrels from June to July, the Energy Information Administration says.
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

UN, Iran head for showdown over nuclear inspections

Tehran is now negotiating a deal with six world powers that puts long-term caps on its present nuclear activities. The International Atomic Energy Agency, led by Yukiya Amano, will monitor Iran’s compliance with the deal.
Holli Ladhani is the new CEO of Rockwater Energy Solutions in Houston. (Rockwater)

Houston oil field services company’s CEO resigns, successor steps up

Former President and CEO Larry O’Donnell will remain the chairman of the board. He said he is leaving the day-to-day leadership roles to focus on his family.
(AP Photo/Oded Balilty, File)

G-7 calls for zero fossil-fuel emissions by end of 21st century

The Group of Seven is pushing to “decarbonize,” meaning any polluting gases from burning oil, gas or coal must be canceled out by carbon-capture or other technologies by 2100.
Abdalla El-Badri, general secretary of the OPEC (Photo: Chris Ratcliffe/Bloomberg)

OPEC ministers threw support behind market share strategy with silence

About the only surprise to come from OPEC’s decision on June 5 to leave oil output unchanged was that everyone got along.
(Image: Fotolia)

Oil drilling in Montana taps out

Montana drilling has been very limited during the Bakken oil boom, but it’s been decades since the state was without a single drilling rig.
(Ty Wright/Bloomberg)

Drilling tax hike proposed by Ohio gov. on rocks

A drilling tax increase proposed by Republican Gov. John Kasich isn’t likely to re-emerge in the Ohio Senate budget revisions due Monday.