Chesapeake says CEO’s loans, emails, showed no wrongdoing
Chesapeake Energy confirmed Wednesday that its top executive had taken personal loans from financial institutions to which the company also owed money, but said a review of that and other dealings...
View ArticleTransocean Chairman Talbert to step down amid fight with Icahn
Transocean Ltd. (RIG), the world’s largest offshore oil rig contractor, said Chairman Michael Talbert plans to step down as the company fights board nominees from billionaire investor Carl Icahn.
View ArticleSandell to seek board changes if Spectra doesn’t follow plan
Sandell Asset Management Corp. said it will seek changes to the board of pipeline owner Spectra Energy Corp. at the 2014 annual meeting if the company fails to “promptly” follow its plan for increasing...
View ArticleOil patch activism to spur dealmaking and board shakeups
Activist investors may spur a return to dealmaking in the energy industry as shareholders seek to reap greater value from oil and natural gas reserves.
View ArticleFormer Chesapeake exec tapped to lead shale group
The Marcellus Shale Coalition picked its second president to represent the high-profile group of companies that are active in Pennsylvania's booming natural gas industry.
View ArticleEnergy Future adds new directors as vote on default nears, source says
Energy Future Holdings Corp., the power producer preparing for bankruptcy, added two directors to its boards before a vote this week on whether to make a crucial interest payment, said a person with...
View ArticleTransocean reaches $1.1 billion dividend accord with Icahn
Oil driller Transocean has agreed to a deal with billionaire investor Carl Icahn after a months-long proxy fight.
View ArticleIncoming National Oilwell Varco CEO speaks on plans for future
National Oilwell Varco announced Thursday that Chief Operating Officer Clay Williams will succeed Pete Miller as CEO following the spin off of the company’s distribution business, expected to be...
View ArticleKay Bailey Hutchison joins board of Cobalt International Energy
ormer U.S. Sen. Kay Bailey Hutchison has been named to the board of directors of Houston-based Cobalt International Energy, the company said Monday.
View ArticleHalliburton goes hostile in attempt to buy Baker Hughes
Merger talks between oil field services giants Halliburton and Baker Hughes took a hostile turn Friday, as the larger Halliburton made an 11th-hour move to replace the board of its smaller rival and...
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