Strike called off after Exxon makes safety changes
Exxon Mobil Corp. has averted a strike at its Baytown refinery, one of the world’s largest sources of gasoline and diesel fuels, after a union there ratified a new agreement with the oil giant. More »
Former BP chief becomes interim chairman for Swiss firm
Former BP Chief Executive Tony Hayward, who raised the ire of Americans for declaring at the heart of the 2010 Gulf of Mexico oil spill, “I’d like my life back,” has been appointed interim board chairman of a Swiss company that supplies metals, minerals and agricultural products. More »
Transocean to see a dust-up at its annual meeting
Annual meetings are usually bland affairs for public companies – some shareholders show up, the rest vote on a few proposals by proxy if at all, and executives get on their jets or in their sedans and take off, sometimes before the coffee gets cold. More »
Energy regulator dodges ethics reform
Rep. Dennis Bonnen, R-Angleton, blames aggressive lobbying by the Texas Railroad Commission and its supporters for the failure of his bill to reform and rename the agency that regulates oil and gas activity in the state. More »
Oil CEO: Humans are involved with climate change
The leader of one of the world’s largest energy companies said this week that humans are accelerating climate change and the global community should take action to address the problem. More »
Mexico debates opening its doors for shale development
Energy reform is likely to be one of the most important sweeping legislative changes that an incoming Mexican government will address, experts said Wednesday at a Houston conference on energy issues. More »
Floating is the wave of the future for LNG
Liquefied natural gas importers and exporters are turning to floating terminals because of the higher costs of building fixed, land-based facilities More »
Natural gas demand will push price to $5, analyst says
Potential exports and increased transportation and industrial use of natural gas will continue to push natural gas prices up to more sustainable prices, experts said Tuesday morning at a energy conference in Houston. More »
Offshore safety auditor talks about challenges ahead
Mike Chaudron, director of sales for Det Norske Veritas Certification, one of four audit firms provisionally certified to audit offshore operators’ safety plans, talks about challenges in implementing the new federally mandated process. More »
Former BP exec’s lawyer denies conflict of interest in Gulf oil spill case
Lawyers for a former BP executive charged with lying to Congress about how much oil was flowing following the 2010 Gulf of Mexico spill say the government is trying to manufacture a conflict of interest to disqualify one the defendant’s attorneys on the eve of trial. More »
Anadarko may have Mozambique stake sale deal in coming weeks
Anadarko Petroleum Corp., the second- largest U.S. independent oil and natural gas producer by market value, may have an agreement in the coming weeks to sell a stake in a drilling prospect off the coast of Mozambique. More »
CEO: ConocoPhillips on track for 25% growth by 2017
A year removed from a split that made ConocoPhillips the world’s largest independent oil company, its CEO said it was on track for a more than 25 percent production jump by 2017. More »
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