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A  2010 file photo shows a sign at a BP  station in London. (AP Photo/Alastair Grant, File)

BP upstream chief to become deputy CEO amid reorganization

BP announced a reorganization of its top managers Monday and said its upstream chief will become deputy CEO and share duties with CEO Bob Dudley as the British oil major navigates one of the worst oil downturns in decades.
iNOV Grant Prideco's Engineering Technology Center Sept 18, 2014. A worker at the combined load frame.  (Billy Smith II / Chronicle)
Publication History: 	Publication: The Houston Chronicle
PubDate: 9/21/2014 - PageNo: 1 - Section: D - Edition: H6 - CIMAGEID: 131712669
Caption: An employee checks machinery at NOV Grant Prideco's engineering technology center. It's part of National Oilwell Varco.

NOV completes leadership, business unit shuffle

National Oilwell Varco saw a lot of change in 2014, following the naming of its new CEO and the reorganization of its business units.
Cost. Electricity

Energy Future making debt payments due Friday

Energy Future Holdings Corp., the Texas power producer that skirted bankruptcy this week, said it’s meeting debt obligations, including coupons due Nov. 1.
Michael Bromwich, the director of the Bureau of Ocean Energy Management, Regulation and Enforcement, speaks with workers on board the Ensco 8501 drilling rig. (Jennifer A. Dlouhy/Houston Chronicle photo)

Offshore drilling chief to stay on the job

The federal agency that oversees offshore drilling will be dismantled in two weeks, but the former prosecutor who now heads the office isn’t going anywhere — at least not right away. Michael Bromwich will temporarily head the new Bureau of Safety and Environmental Enforcement until the Obama administration hires a permanent replacement. The administration also announced today that Tommy Beaudreau will head the new Bureau of Ocean Energy Management.
flow chart organizational chart

Republican unveils offshore drilling oversight plan

A leading House Republican today unveiled his plans for reorganizing the federal agencies that oversee offshore energy operations and beefing up the credentials of the government inspectors that police them. Aside from a few name changes, the proposal mirrors the overhaul launched by the Obama administration in the wake of last year’s Gulf oil spill.
Flickr/Stephanie Watson

Bromwich: Feds may block bad apples from drilling offshore

The nation’s top offshore drilling regulator said he is still studying whether the Bureau of Ocean Energy Management, Regulation and Enforcement can do more to keep oil and gas companies with checkered histories from exploring offshore.

New federal office will collect oil, gas royalties

Unlike the MMS, the new Office of Natural Resources Revenue will be separate from other bureaus in the Interior Department that are dedicated to leasing decisions and drilling safety.