Well-service workers at Baker Hughes Inc. (BHI) started a strike over pay and pensions at 12 offshore oil installations in Norway, threatening output and other operations by companies including Statoil ASA (STL) and Royal Dutch Shell Plc. More »
Kevin Costner testified Friday he never saw actor Stephen Baldwin contribute anything to their company’s efforts to sell oil cleanup devices to BP in the aftermath of the 2010 spill in the Gulf of Mexico. More »
The drilling moratorium that the president enacted after the Deepwater Horizon spill has left many energy companies grappling with the question of who should pay for business lost during the five-month shutdown of deep-water operations in the Gulf. More »
Chesapeake Energy Corp. shareholders rebuked the company’s board by withholding support for two directors up for re-election at Friday’s annual meeting. Both directors have tendered their resignation. More »
Shareholders of Chesapeake Energy Corp., who have seen the value of their shares fall 40 percent over the last year, will gather today for their annual meeting at the Oklahoma City campus of the debt-heavy gas producer. More »
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