Category: People

Repatriation tax rate of 25% planned by Nev. Democrat Berkley

Representative Shelley Berkley, a Nevada Democrat, is the latest lawmaker to consider legislation allowing multinational companies to send offshore profits to the U.S. at a reduced tax rate.  More »

Compensation for Houston top executives gushes higher

Executive pay packages surged in 2010, as Houston’s largest companies started recovering from the recession and rewarded their leaders with big cash bonuses and valuable stock awards.  More »

A shareholder say on pay can bring a nay

The pay packages that have made Nabors Industries executives perennial top earners in Houston drew a thumbs down from shareholders under regulations that let them go on the record about executive pay.  More »

BP split could unlock $100 billion for investors, JP Morgan says

A $100 billion could be unlocked for BP Plc investors if Europe’s second-biggest oil producer splits like Marathon Oil and ConocoPhillips did recently, according to JP Morgan.  More »

Special master sought to oversee oil spill claims

The attorneys for people and businesses suing BP over last year’s Gulf oil spill want a federal judge to appoint a special master to oversee the claims process.  More »

Public meetings planned for proposed Keystone XL pipeline

The U.S. State Department still plans to decide sometime this year whether to allow TransCanada to build its Keystone XL pipeline that would carry oil across the Plains to refineries near the Gulf of Mexico.  More »

BP rig worker excused from testimony

Donald Vidrine, one of two BP well site leaders on the Deepwater Horizon, has been excused from being interviewed in the civil lawsuits surrounding the deadly accident due to undisclosed medical reasons.  More »

Class action lawsuit filed in Colo. over drilling

A class action lawsuit has been filed against Antero Resources alleging that the company’s gas drilling activities in Battlement Mesa threaten the health of residents.  More »

2,000 gallons of mineral oil burn after Entergy blast

More than 2,000 gallons of mineral oil contained in utility components caught fire after an explosion early this morning at an Entergy substation in southeast Montgomery County.  More »

Houston, energy companies ‘black listed’ for corporate transparency

Onshore driller Patterson-UTI and power plant operator GenOn are two of the local companies who get bad marks for transparency and good corporate citizenship, according to a magazine’s annual audit.  More »

Global rise in oil and gas hiring seen for rest of 2011

However, companies will remain cautious with investments and hiring, as they were throughout 2010, amid continued uncertainty in the global economy, commodity prices and political upheaval in the Middle East, a new report said.  More »

Oil and gas industry called out for lack of women in top posts

The industry accounted for one third of the 29 companies on the S&P 500 that do not have women on boards of directors or among their top-paid executives, according to a new study.  More »
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