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UniversalPegasus International appoints CFO

UniversalPegasus International has appointed Meg Lassarat as CFO.  More »

Tullow extends West Leo contract

Tullow Oil has exercised a contract extension option for Seadrill’s West Leo that will keep the ultra-deepwater semisubmersible on location in West Africa through May 2018.  More »

Herbalife says profits will beat estimates

Herbalife said that it expected fourth-quarter earnings per share of $1.02 to $1.05 from 86 cents a year ago and ahead of the consensus of $1.01  More »

Shift back towards equities lifts BlackRock

Inflows and higher market values pushed assets under management up 8% from the year before and fourth-quarter net income rose 25% to $690m  More »

Global regulators ground Dreamliners

US regulator leads a backlash against Boeing’s 787 Dreamliner and order the grounding of the passenger jet, the first such move for 34 years  More »
The Amenas natural gas field in Algeria, where Islamist militants raided and took hostages Wednesday Jan. 16, 2013.

Militants: Algerian helicopters kill 35 hostages

At least 20 foreign hostages escaped Thursday from Islamist militants who had taken over an Algerian natural gas complex in the Sahara desert, an Algerian security official reported.  More »
(AP Photo/Keith Srakocic)

MTBE still a water risk, witness says at ExxonMobil trial

A chemical additive to gasoline meant to make it burn more thoroughly poses a long-term threat of contamination in New Hampshire, a witness testified at the trial of ExxonMobil Corp.  More »
Then-Interior Secretary Ken Salazar speaks at the White House in 2012. (AP file)

Interior chief had ‘common ground’ with oil industry

As oil spewed from the Macondo well in the Gulf of Mexico, Interior Secretary Ken Salazar pledged to keep a “boot on the neck” of BP Plc (BP/) to get it to plug the leak and clean the mess. Then he halted new deepwater drilling.  More »
Children play in a river where oil pipes run above the surface in Ecuador's Sucumbios province. (AP file photo/Dolores Ochoa)

Chevron subpoenas in Ecuador suit challenged in court

Chevron Corp. (CVX), which faces a $19 billion damage award in an Ecuador environmental case, shouldn’t be allowed to obtain information about the e-mail accounts of lawyers, activists and scholars in contact with plaintiff attorneys, a privacy rights group told a judge.  More »
( Kevin Fujii / Chronicle )

Parnell sets new benchmarks for gas pipeline

Gov. Sean Parnell on Wednesday set new benchmarks for progress on a major natural gas pipeline project in Alaska and urged lawmakers to act this year on legislation to change the state’s oil tax structure.  More »
BPsign

Iraq considering BP for work on Kirkuk oil field

An Iraqi oil official says the country is considering a proposal for British oil giant BP to begin work on a major oil field that lies in territory contested by Baghdad and the minority Kurds.  More »

China’s smog emerges from invisible cloak

Politicians can no longer ignore the scale of the air pollution problem as increasing data and social media are fuelling public demands for a clean-up  More »